WORTHINGTON WEST FRANKLIN VOLUNTEER DEPARTMENT (EIN 237002976) - 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

1946

Legal Domicile

Principal Officer

TERRY SMITH

Phone

7242973473

Tax Period

2023-01-01 to 2023-12-31

WORTHINGTON WEST FRANKLIN VOLUNTEER DEPARTMENT, founded in 1946, is a small nonprofit in the Public Safety sector that reported $303K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Net assets of $1.3M represent 53 months of operating reserves.

Mission

THE ORGANIZATIONS MISSION IS TO ENHANCE THE QUALITY OF LIVING IN ITS COMMUNITY BY PREVENTING OR MINIMIZING INJURY AND LOSS OF LIFE OR PROPERTY RESULTING FROM FIRE OR OTHER EMERGENCIES, NATURAL OR HUMAN-CAUSED, WITHIN ITS COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $76,509

Program Service Revenue $0

Investment Income $29,120

Other Revenue $196,878

TOTAL REVENUE $302,507

Expense Breakdown

Grants Paid $1,900

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $294,222

Other Expenses $296,251

TOTAL EXPENSES $298,151

Year-over-Year Comparison

	2023	2022	Change
Revenue	$302,507	$358,300	-0.2%
Expenses	$298,151	$256,985	+0.2%
Net Income	$4,356	$101,315	-1.0%

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

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
PATRICIA BAKER	TREASURER	10.00	Officer Director	$0	$0	$0
BRENT BOWSER	SECRETARY	2.00	Officer Director	$0	$0	$0
CORY BOWSER	1ST LIEUTENA	2.00	Director	$0	$0	$0
JEFF BOWSER	LIEUTENANT	2.00	Director	$0	$0	$0
RANDY BOWSER	CHIEF	15.00	Director	$0	$0	$0
TOM BURKE	TRUSTEE	2.00	Director	$0	$0	$0
DAVE EDWARDS	TRUSTEE	2.00	Director	$0	$0	$0
BUTCH GRIFFITH	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JAMES PANCHIK	2ND LIEUTENA	2.00	Director	$0	$0	$0
TERRY SMITH	PRESIDENT	15.00	Officer Director	$0	$0	$0
TIM SMITH	FIRE POLICE	2.00	Director	$0	$0	$0
CODY STEWART	CAPTAIN	2.00	Director	$0	$0	$0
DEWEY STEWART	ENGINEER	15.00	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	No data	No data	No data	No data
2023	$302,507	$298,151	$1,367,494	$4,356
2022	$358,300	$256,985	$1,332,756	$101,315
2021	$249,087	$185,081	$1,231,441	$64,006
2020	$202,006	$147,310	$1,167,435	$54,696
2019	$247,689	$182,703	$1,220,069	$64,986
2018	$171,371	$162,418	$1,047,753	$8,953

WORTHINGTON WEST FRANKLIN VOLUNTEER DEPARTMENT