HIGHWAY 58 VOLUNTEER FIRE DEPARTMENT INC

EIN: 237456669 501(c)(3) Public Safety

HARRISON, TN

Total Revenue
$1,545,805
Total Expenses
$888,759
Total Assets
$4,088,403
Net Assets
$4,088,403
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
TN
Principal Officer
LAURA RICHEY
Phone
4233445770
Tax Period
2024-07-01 to 2025-06-30

HIGHWAY 58 VOLUNTEER FIRE DEPARTMENT INC, founded in 1975, is a community nonprofit in the Public Safety sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $657K, a strong 43% operating margin.

Mission

PROVIDE FIRE SUPPRESSION AND RESCUE SERVICES AS WELL AS MEDICAL FIRST RESPONSE FOR NORTHEAST HAMILTON COUNTY TN.

Program Service Accomplishments

Program 1
Expenses: $871,109 Revenue: $298,912

THE HWY 58 VOLUNTEER FIRE DEPARTMENT SERVES THE N.E. SECTION OF HAMILTON CO,TN. THERE ARE APPROXIMATELY 11,0000 RESIDENCES & BUSINESSES OF WHICH 4200 ARE MEMBERS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,202,357
Program Service Revenue $0
Investment Income $341,345
Other Revenue $2,103
TOTAL REVENUE $1,545,805

Expense Breakdown

Grants Paid $0
Salaries & Benefits $134,382
Fundraising Expenses $0
Program Expenses $871,109
Other Expenses $754,377
TOTAL EXPENSES $888,759

Year-over-Year Comparison

2024 2023 Change
Revenue $1,545,805 $1,184,376 +0.3%
Expenses $888,759 $751,148 +0.2%
Net Income $657,046 $433,228 +0.5%
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

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Governance

Voting Members
9
Independent Members
8
Employees
2
Volunteers
70

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
4
$0
Total Directors
10
$59,025
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAURA RICHEY TREASURER 2.50
Officer Director
$0 $0 $0
THOMAS WILLIAMS VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
BOB GANN BOARD MEMBER 0.50
Director
$0 $0 $0
CHARLOTTE DOVER SECRETARY 0.50
Officer Director
$0 $0 $0
JAMES HUTCHINSON BOARD MEMBER 40.00
Director
$54,225 $4,800 $59,025
LARRY BLALOCK BOARD MEMBER 0.50
Director
$0 $0 $0
DAVID BINNS BOARD MEMBER 0.50
Director
$0 $0 $0
JIM DAUGHETEE BOARD MEMBER 0.50
Director
$0 $0 $0
BOBBY SCOTT PRESIDENT 0.50
Officer Director
$0 $0 $0
KEVIN MCGOWAN ADMINISTRATIVE ASSISTANT 0.50
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 $1,545,805 $888,759 $4,088,403 $657,046
2024 $1,184,376 $751,148 $3,431,357 $433,228
2023 $1,276,057 $783,699 $2,998,129 $492,358
2022 $901,849 $669,771 $2,505,771 $232,078
2021 $973,684 $628,404 $2,326,324 $345,280
2020 $910,535 $585,851 $1,928,413 $324,684
2020 $910,535 $585,851 $1,928,413 $324,684
2019 $570,160 $550,679 $1,693,942 $19,481
2018 $553,962 $530,407 $1,584,248 $23,555
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