FARMINGVILE FIRE DEPARTMENT INC (EIN 237278503) - 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

1932

Legal Domicile

Principal Officer

ALEX WILSON

Phone

6317328780

Tax Period

2023-01-01 to 2023-12-31

FARMINGVILE FIRE DEPARTMENT INC, founded in 1932, is a micro nonprofit that reported $84K in total revenue in fiscal year 2023. Revenue surged 161% from the prior year, signaling strong growth momentum. The organization ran a surplus of $40K, a strong 48% operating margin.

Mission

TO PROMOTE THE PRESERVATION OF LIFE AND PROPERTY WITHIN AND AROUND THE COMMUNITY OF FARMINGVILLE AND THE MORALE OF THE FIRE DEPARTMENTS MEMBERS AS WELL AS COMMUNITY ACTIVITIES PROMOTING SAFETY AND FIRE PREVENTION.

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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 $84,064

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $84,064

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $41,615

Other Expenses $44,115

TOTAL EXPENSES $44,115

Year-over-Year Comparison

	2023	2022	Change
Revenue	$84,064	$32,261	+1.6%
Expenses	$44,115	$96,098	-0.5%
Net Income	$39,949	$-63,837	-1.6%

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

109

Independent Members

109

Employees

N/A

Volunteers

109

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
ROBERT WALLACE	CHAIRMAN	005.00	Officer Director	$0	$0	$0
ALEX WILSON	TREASURER	005.00	Officer 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	$84,064	$44,115	$96,117	$39,949
2022	$32,261	$96,098	$65,178	$-63,837
2021	$82,914	$49,293	$129,015	$33,621
2020	$63,581	$62,229	$114,839	$1,352
2019	$88,285	$75,618	$113,487	$12,667
2018	$92,569	$71,277	$100,820	$21,292

FARMINGVILE FIRE DEPARTMENT INC