ELMO VOLUNTEER FIRE DEPARTMENT (EIN 261198932) - 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

2014

Legal Domicile

Principal Officer

CHARLIE OLDAKER

Phone

4694462818

Tax Period

2023-10-01 to 2024-09-30

ELMO VOLUNTEER FIRE DEPARTMENT, founded in 2014, is a small nonprofit in the Public Safety sector that reported $582K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $121K, a strong 21% operating margin.

Mission

THE ELMO VOLUNTEER FIRE DEPARTMENT IS DEDICATED TO PROVIDING FIRE AND RESCUE PROTECTION TO THE CITIZENS AND BUSINESSES OF THE ELMO, TEXAS COMMUNITY.

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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 $581,669

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $581,669

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $437,363

Other Expenses $461,085

TOTAL EXPENSES $461,085

Year-over-Year Comparison

	2023	2022	Change
Revenue	$581,669	$446,322	+0.3%
Expenses	$461,085	$375,149	+0.2%
Net Income	$120,584	$71,173	+0.7%

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

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETH HAMILTON	DIRECTOR	2.00	Officer Director	$0	$0	$0
NAOMI HUGHES	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
CHARLIE OLDAKER	PRESIDENT	2.00	Officer Director	$0	$0	$0
MOLLY PORTER	SECRETARY	2.00	Officer Director	$0	$0	$0
TERESA WOBIG	TREASURER	2.00	Officer 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	No data	No data	No data	No data
2024	$581,669	$461,085	$864,718	$120,584
2023	$446,322	$375,149	$815,532	$71,173
2022	$380,871	$383,629	$828,590	$-2,758
2021	$257,201	$332,605	$552,794	$-75,404
2020	$202,788	$164,999	$670,697	$37,789
2019	$183,196	$176,929	$640,799	$6,267
2018	$227,193	$160,822	$674,409	$66,371

ELMO VOLUNTEER FIRE DEPARTMENT