HIGHWAY 58 VOLUNTEER FIRE DEPARTMENT INC (EIN 237456669) - 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

1975

Legal Domicile

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

FIRE FIGHTING

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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 $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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$59,025

Key Employees

Highest Compensated

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

HIGHWAY 58 VOLUNTEER FIRE DEPARTMENT INC