WOODSBORO VOLUNTEER FIRE COMPANY (EIN 237203014) - 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

1951

Legal Domicile

Principal Officer

JAMES WRITER

Phone

2403577689

Tax Period

2024-01-01 to 2024-12-31

WOODSBORO VOLUNTEER FIRE COMPANY, founded in 1951, is a small nonprofit in the Public Safety sector that reported $167K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $146K left a modest 13% surplus.

Mission

FIRE AND AMBULANCE PROTECTION AS WELL AS EMERGENCY SERVICES FOR THE WOODSBORO 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 (2024)

Revenue Breakdown

Contributions & Grants $84,959

Program Service Revenue $37,058

Investment Income $11,922

Other Revenue $33,203

TOTAL REVENUE $167,142

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $379

Program Expenses $138,917

Other Expenses $146,049

TOTAL EXPENSES $146,049

Year-over-Year Comparison

	2024	2023	Change
Revenue	$167,142	$182,069	-0.1%
Expenses	$146,049	$178,990	-0.2%
Net Income	$21,093	$3,079	+5.9%

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
BOB LIND	PRESIDENT	5.00	Officer	$0	$0	$0
DIANE FYOCK	VICE PRESIDE	5.00	Officer	$0	$0	$0
JAMES WRITER	TREASURER	10.00	Officer	$0	$0	$0
JOANN SHAFFER	ASSISTANT TR	5.00	Officer	$0	$0	$0
KARIN LIND	SECRETARY	10.00	Officer	$0	$0	$0
NANCY CORNELL	ASSISTANT SE	5.00	Officer	$0	$0	$0
KENNETH MORGAN	DIRECTOR	5.00	Director	$0	$0	$0
GEORGE NICK NICHOLSON	DIRECTOR	5.00	Director	$0	$0	$0
MICHELE SPECHT	DIRECTOR	5.00	Director	$0	$0	$0
DONNIE SHAFFER	DIRECTOR	5.00	Director	$0	$0	$0
SANDY NICHOLSON	DIRECTOR	5.00	Director	$0	$0	$0
SANDY SHAFFER	DIRECTOR	5.00	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	$167,142	$146,049	$1,512,446	$21,093
2022	$176,046	$188,158	$1,463,995	$-12,112
2021	$155,352	$183,801	$1,476,107	$-28,449
2020	$146,648	$176,463	$1,504,556	$-29,815
2019	$161,148	$181,501	$1,534,371	$-20,353
2018	$857,666	$200,871	$1,554,724	$656,795

WOODSBORO VOLUNTEER FIRE COMPANY