HERITAGE VOLUNTEER FIRE COMPANY NO 1 (EIN 251803797) - 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

2011

Legal Domicile

Principal Officer

BRANDON BASOM

Phone

7174370390

Tax Period

2024-01-01 to 2024-12-31

HERITAGE VOLUNTEER FIRE COMPANY NO 1, founded in 2011, is a small nonprofit in the Public Safety sector that reported $132K in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $187K exceeded revenue, resulting in a 42% operating deficit.

Mission

PROVISION OF FIREFIGHTING AND RESCUE SERVICES

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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 $83,933

Program Service Revenue $0

Investment Income $0

Other Revenue $47,628

TOTAL REVENUE $131,561

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $8,709

Program Expenses $165,467

Other Expenses $186,806

TOTAL EXPENSES $186,806

Year-over-Year Comparison

	2024	2023	Change
Revenue	$131,561	$256,350	-0.5%
Expenses	$186,806	$197,759	-0.1%
Net Income	$-55,245	$58,591	-1.9%

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
MICHAEL BAIR	TRUSTEE	20.00	Director	$0	$0	$0
BRANDON BASOM	PRESIDENT	30.00	Director	$0	$0	$0
ERIC BOWERSOX	1ST LT	20.00	Director	$0	$0	$0
LARRY CARTER	VICE PRESIDE	30.00	Officer Director	$0	$0	$0
ABBEY ESPIGH	TREASURER	30.00	Officer Director	$0	$0	$0
RODNEY HENRY	TRUSTEE	20.00	Director	$0	$0	$0
CHAD JOHNSON	ENGINE CAPTA	20.00	Director	$0	$0	$0
GREG ESPIGH JR	TRUCK CAPTAI	20.00	Director	$0	$0	$0
JOE MARONEY	CHAPLAIN	20.00	Director	$0	$0	$0
DEVIN PAGE	TRUSTEE	20.00	Director	$0	$0	$0
DYLAN PANDEL	SECRETARY	30.00	Officer Director	$0	$0	$0
CORY REIGLE	CHIEF MECHAN	20.00	Director	$0	$0	$0
TIM YODER	2ND LT	20.00	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	$131,561	$186,806	$449,900	$-55,245
2023	$256,350	$197,759	$462,143	$58,591

HERITAGE VOLUNTEER FIRE COMPANY NO 1