KINGSPORT FIREFIGHTERS ASSOCIATION

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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

2003

Legal Domicile

Principal Officer

ALLEN SHEPHERD

Phone

4237652295

Tax Period

2023-01-01 to 2023-12-31

KINGSPORT FIREFIGHTERS ASSOCIATION, founded in 2003, is a micro nonprofit that reported $82K in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Expenses of $108K exceeded revenue, resulting in a 31% operating deficit.

Mission

TO EDUCATE, TRAIN, AND PROVIDE THE SAFEST AND MOST EFFECTIVE WORK ENVIRONMENT FOR OUR MEMBERS AND THE COMMUNITY WE SERVE. ALSO, TO CONTRIBUTE TO LOCAL CHARITIES, AND PROVIDE THE PUBLIC WITH INFORMATION CONCERNING FIRE SAFETY, ETC., AND SUPPORT SELECTED POLITICAL CANDIDATES.

Program Service Accomplishments

Program 1

Expenses: $80,780

TO EDUCATE, TRAIN, AND PROVIDE THE SAFEST AND MOST EFFECTIVE WORK ENVIRONMENT FOR OUR MEMBERS AND THE COMMUNITY WE SERVE. ALSO, TO CONTRIBUTE TO LOCAL CHARITIES, AND PROVIDE THE PUBLIC WITH...

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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 $54,379

Program Service Revenue $0

Investment Income $39

Other Revenue $27,595

TOTAL REVENUE $82,013

Expense Breakdown

Grants Paid $7,694

Salaries & Benefits $11,418

Fundraising Expenses $20,674

Program Expenses $80,780

Other Expenses $88,720

TOTAL EXPENSES $107,832

Year-over-Year Comparison

	2023	2022	Change
Revenue	$82,013	$101,948	-0.2%
Expenses	$107,832	$111,473	0.0%
Net Income	$-25,819	$-9,525	+1.7%

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

N/A

Employees

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

$10,212

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY REED	TRUSTEE	5.00	Director	$0	$0	$0
JOHN HOLLOWELL	TRUSTEE	5.00	Director	$0	$0	$0
MARCUS STARNES	TRUSTEE	5.00	Director	$0	$0	$0
WILLIAM B ANDERS	VICE PRESIDENT	20.00	Officer	$3,255	$0	$3,255
ALLEN SHEPHERD	SECRETARY/TREASURER	20.00	Officer	$3,255	$0	$3,255
JEREMY PITTS	PRESIDENT	30.00	Officer	$3,702	$0	$3,702

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	$82,013	$107,832	$188,136	$-25,819
2022	$101,948	$111,473	$213,955	$-9,525
2021	$112,342	$101,097	$228,954	$11,245
2020	$122,133	$90,210	$217,709	$31,923
2019	$87,325	$70,279	$196,861	$17,046
2018	$325,187	$323,189	$188,113	$1,998