Highland County Volunteer Fire Department (EIN 237166711) - 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

1988

Legal Domicile

Principal Officer

Garth Simmons

Phone

5402905639

Tax Period

2024-01-01 to 2024-12-31

Highland County Volunteer Fire Department, founded in 1988, is a micro nonprofit that reported $70K in total revenue in fiscal year 2022. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $43K, a strong 61% operating margin.

Mission

Protection and preservation of life and property during fires that may occur in Highland County, Virginia and surrounding counties when called upon.

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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 (2024)

Revenue Breakdown

Contributions & Grants $27,170

Program Service Revenue $0

Investment Income $11,667

Other Revenue $0

TOTAL REVENUE $38,837

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $77,190

Other Expenses $78,436

TOTAL EXPENSES $78,436

Year-over-Year Comparison

	2024	2023	Change
Revenue	$38,837	$80,561	-0.5%
Expenses	$78,436	$93,365	-0.2%
Net Income	$-39,599	$-12,804	+2.1%

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
GARTH SIMMONS	PRESIDENT	5.00	Officer Director	$0	$0	$0
LARRY MITCHELL	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
ANNA MARSHALL	SECRETARY/TREASURER	5.00	Officer Director	$0	$0	$0
TIM SORG	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$38,837	$78,436	$581,830	$-39,599
2023	$80,561	$93,365	$626,429	$-12,804
2022	$69,857	$26,944	$513,491	$42,913

Highland County Volunteer Fire Department