COOL SPRINGS VOLUNTEER FIRE DEPARTMENT (EIN 205437367) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Principal Officer

SHANE LAYFIELD

Tax Period

2023-01-01 to 2023-12-31

COOL SPRINGS VOLUNTEER FIRE DEPARTMENT, founded in 1986, is a micro nonprofit in the Public Safety sector that reported $64K in total revenue in fiscal year 2018. The organization ran a surplus of $19K, a strong 30% operating margin.

Mission

PROVIDE FIRE PROTECTION FOR REGISTERED MEMBERS WITHIN PRESCRIBED AREA IN ST CLAIR COUNTY ALABAMA

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $100,304

Investment Income $30

Other Revenue $0

TOTAL REVENUE $100,334

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $50,921

Other Expenses $50,921

TOTAL EXPENSES $50,921

Year-over-Year Comparison

	2023	2022	Change
Revenue	$100,334	$94,395	+0.1%
Expenses	$50,921	$36,105	+0.4%
Net Income	$49,413	$58,290	-0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY LAYFIELD	LT	5.00	Officer	$0	$0	$0
MICHAEL JARMAN	SECTREASURER	15.00	Officer	$0	$0	$0
JASON BROOKS	CAPTAIN	15.00	Officer	$0	$0	$0
SHANE LAYFIELD	CHIEF	15.00	Officer	$0	$0	$0
CHRIS HARDIN	ASST CHIEF	10.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$100,334	$50,921	$500,873	$49,413
2022	$94,395	$36,105	$451,460	$58,290
2021	$75,743	$42,376	$393,170	$33,367
2020	$71,714	$58,561	$331,252	$13,153
2019	$72,611	$50,028	$318,099	$22,583
2018	$63,813	$44,654	$295,518	$19,159

COOL SPRINGS VOLUNTEER FIRE DEPARTMENT