SPARTANSBURG VOLUNTEER FIRE DEPARTMENT INC (EIN 251356573) - 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

1947

Legal Domicile

Principal Officer

LISA SMITH

Phone

8146547222

Tax Period

2024-01-01 to 2024-12-31

SPARTANSBURG VOLUNTEER FIRE DEPARTMENT INC, founded in 1947, is a small nonprofit in the Public Safety sector that reported $231K in total revenue in fiscal year 2024. The organization ran a surplus of $52K, a strong 22% operating margin.

Mission

THE DEPARTMENT, LOCATED IN SPARTANSBURG, PA, RESPONDS TO EMERGENCY CALLS WITHIN THE BOROUGH OF SPARTANSBURG, PA AND SURROUNDING TOWNSHIPS AND COMMUNITIES. THE FOCUS OF THE DEPARTMENT IS ON THE PRESERVATION AND PROTECTION OF LIVES AND PROPERTY FROM FIRES AND DISASTERS.

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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 $102,506

Program Service Revenue $52,995

Investment Income $10,644

Other Revenue $65,233

TOTAL REVENUE $231,378

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $203

Program Expenses $165,624

Other Expenses $179,342

TOTAL EXPENSES $179,342

Year-over-Year Comparison

	2024	2023	Change
Revenue	$231,378	$226,660	+0.0%
Expenses	$179,342	$181,871	0.0%
Net Income	$52,036	$44,789	+0.2%

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

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
LARRY HALFAST JR	PRESIDENT	4.00	Officer Director	$0	$0	$0
CHARLES HULL	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
MIKE BYRNES	SECRETARY	4.00	Officer Director	$0	$0	$0
LISA SMITH	TREASURER	4.00	Officer Director	$0	$0	$0
MICHELLE SCOUTEN	DIRECTOR	4.00	Director	$0	$0	$0
PJ CHELTON	DIRECTOR	4.00	Director	$0	$0	$0
RYAN SHERMAN	DIRECTOR	4.00	Director	$0	$0	$0
BERRY HERBERG	DIRECTOR	4.00	Director	$0	$0	$0
HANNAH CHELTON	DIRECTOR	4.00	Director	$0	$0	$0
BRAD SCOUTEN	DIRECTOR	4.00	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
2024	$231,378	$179,342	$996,751	$52,036
2023	$226,660	$181,871	$944,715	$44,789
2022	$253,632	$142,043	$899,926	$111,589
2021	$203,182	$162,998	$808,132	$40,184
2020	$232,636	$182,423	$767,947	$50,213
2019	$163,919	$194,819	$717,734	$-30,900
2018	$172,943	$164,777	$748,634	$8,166

SPARTANSBURG VOLUNTEER FIRE DEPARTMENT INC