FRANKLIN VOLUNTEER FIRE DEPARTMENT

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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

1938

Legal Domicile

Principal Officer

TERRY HEDRICK

Phone

3043582926

Tax Period

2025-01-01 to 2025-12-31

FRANKLIN VOLUNTEER FIRE DEPARTMENT, founded in 1938, is a small nonprofit in the Public Safety sector that reported $260K in total revenue in fiscal year 2025. The organization ran a surplus of $72K, a strong 27% operating margin.

Mission

TO PROVIDE FIRE AND RESCUE SERVICES TO THE TOWN OF FRANKLIN AND SURROUNDING COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $176,106

VOLUNTEER FIRE SERVICES TO THE RESIDENTS OF PENDLETON COUNTY, WV BY RESPONDING TO CALLS FOR FIRES, ACCIDENTS, RESCUE MISSIONS, ETC.

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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 (2025)

Revenue Breakdown

Contributions & Grants $237,574

Program Service Revenue $0

Investment Income $19,713

Other Revenue $2,959

TOTAL REVENUE $260,246

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $176,106

Other Expenses $188,738

TOTAL EXPENSES $188,738

Year-over-Year Comparison

	2025	2024	Change
Revenue	$260,246	$265,638	0.0%
Expenses	$188,738	$247,848	-0.2%
Net Income	$71,508	$17,790	+3.0%

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

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
TERRY HEDRICK	PRESIDENT	10.00	Officer Director	$0	$0	$0
BOBBY MURPHY	VICE PRESIDE	10.00	Officer Director	$0	$0	$0
EVERS TURNER JR	SECRETARY	10.00	Officer Director	$0	$0	$0
MARY ANN NELSON	TREASURER	10.00	Officer Director	$0	$0	$0
WARREN HEDRICK	FIRST LIEUTE	10.00	Director	$0	$0	$0
RICHARD NELSON	FIRE CHIEF	10.00	Director	$0	$0	$0
ANDREW BODINE	ASSISTANT FI	10.00	Director	$0	$0	$0
BRIAN DIFALCO	CAPTAIN	10.00	Director	$0	$0	$0
DARREN HEDRICK	SECOND LIEUT	10.00	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	$260,246	$188,738	$711,652	$71,508
2024	$265,638	$247,848	$658,250	$17,790
2023	$303,656	$250,349	$657,918	$53,307
2022	$175,542	$166,549	$621,574	$8,993
2021	$184,630	$173,374	$629,021	$11,256
2020	$167,062	$149,922	$631,082	$17,140
2019	$182,806	$146,770	$513,022	$36,036
2018	$344,736	$120,571	$470,827	$224,165
2018	$341,021	$120,571	$467,112	$220,450