Franklin Fire Company (EIN 232151586) - 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

1903

Legal Domicile

Principal Officer

James L Hull Jr

Phone

7172638600

Tax Period

2024-01-01 to 2024-12-31

Franklin Fire Company, founded in 1903, is a community nonprofit in the Unknown sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 94% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 75% operating margin.

Mission

The Primary mission is to save lives and protect property and the environment through Fire prevention education suppression rescue and emergency medical services through the efforts of Volunteer Firefighters

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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 $894,110

Program Service Revenue $25,982

Investment Income $124,228

Other Revenue $428,151

TOTAL REVENUE $1,472,471

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $24,113

Program Expenses $279,510

Other Expenses $364,960

TOTAL EXPENSES $364,960

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,472,471	$759,300	+0.9%
Expenses	$364,960	$304,369	+0.2%
Net Income	$1,107,511	$454,931	+1.4%

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

$19,863

Total Directors

$19,863

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES L HULL JR	President	18.00	Officer Director	$19,863	$0	$19,863
NICKLAS MILLER	Trustee	10.00	Director	$0	$0	$0
JUSTIN PREISLER	Trustee	10.00	Director	$0	$0	$0
LARRY TRACE	Trustee	10.00	Director	$0	$0	$0
JOEL PREISLER	Trustee	10.00	Director	$0	$0	$0
GARY HIMES	Trustee	10.00	Director	$0	$0	$0
JUSTIN VERDIER	Member at Large	10.00	Director	$0	$0	$0
KENNETH NORTH	Member at Large	10.00	Director	$0	$0	$0
WILLIAM KELLY	Vice President	10.00	Officer	$0	$0	$0
KEILA TRACE	Treasurer	15.00	Officer	$0	$0	$0
MARK TRACE	Fire Chief	15.00	Officer	$0	$0	$0
SHAWN CORWELL	Asst Secretary	10.00	Officer	$0	$0	$0
STACY HULL	Treasurer	15.00	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	$1,472,471	$364,960	$7,366,717	$1,107,511
2023	$759,300	$304,369	$6,757,524	$454,931
2022	$794,205	$551,193	$6,198,332	$243,012
2021	$841,927	$492,807	$6,454,348	$349,120
2020	$427,598	$440,398	$6,147,354	$-12,800
2019	$817,879	$480,255	$5,865,124	$337,624
2018	$742,791	$572,746	$5,527,500	$170,045

Franklin Fire Company