Kermit Volunteer Fire Dept Inc (EIN 205825080) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

Marcus Thomas

Phone

4325862577

Tax Period

2024-01-01 to 2024-12-31

Kermit Volunteer Fire Dept Inc, founded in 2007, is a small nonprofit in the Public Safety sector that reported $138K in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $61K, a strong 44% operating margin.

Mission

To Provide Fire-Fighting/Rescue Services to the Kermit, Texas area.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $97,522

Program Service Revenue $0

Investment Income $432

Other Revenue $40,296

TOTAL REVENUE $138,250

Expense Breakdown

Grants Paid $4,995

Salaries & Benefits $900

Fundraising Expenses $0

Program Expenses $23,067

Other Expenses $71,701

TOTAL EXPENSES $77,596

Year-over-Year Comparison

	2024	2023	Change
Revenue	$138,250	$99,614	+0.4%
Expenses	$77,596	$121,112	-0.4%
Net Income	$60,654	$-21,498	-3.8%

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
Marcus Thomas	Treasurer	2.00	Officer Director	$0	$0	$0
Ervey Pineda	Chief	2.00	Officer Director	$0	$0	$0
Arnulfo Leyva	President	2.00	Officer Director	$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	$138,250	$77,596	$265,882	$60,654
2023	$99,614	$121,112	$204,849	$-21,498
2022	$59,966	$69,362	$226,347	$-9,396
2021	$151,700	$52,000	$235,743	$99,700
2020	$111,289	$112,731	$136,043	$-1,442
2019	$120,731	$98,516	$137,485	$22,215
2018	$134,556	$104,521	$115,270	$30,035

Kermit Volunteer Fire Dept Inc