CORINTH RURAL FIRE BOARD INC (EIN 300753828) - 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

1997

Legal Domicile

Principal Officer

RUSTY WILLOUGHBY

Phone

8595477384

Tax Period

2024-01-01 to 2024-12-31

CORINTH RURAL FIRE BOARD INC, founded in 1997, is a small nonprofit in the Public Safety sector that reported $270K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $72K, a strong 27% operating margin.

Mission

THE ORGANIZATION IS TIED DIRECTLY TO THE CORINTH VOLUNTEER FIRE DEPARTMENT. THE BOARD INCORPORATES THE MISSION STATEMENT OF THE FIRE DEPARTEMNT. THE BOARD'S PRIMARY FUNCTION IS TO CONTROL THE FINANCES OF THE FIRE DEPARTMENT, WHICH ALLOWS THE FIRE DEPARTMENT TO FOCUS ON ITS SERVICE TO THE COMMUNITY. THE BOARD OWNS ALL THE ASSETS USED BY THE FIRE DEPARTMENT AND IS RESPONSIBLE FOR ALL THE DEBTS AND EXPENSES OF THE FIRE DEPARTMENT.

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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 $155,878

Program Service Revenue $114,263

Investment Income $0

Other Revenue $0

TOTAL REVENUE $270,141

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $192,780

Other Expenses $198,169

TOTAL EXPENSES $198,169

Year-over-Year Comparison

	2024	2023	Change
Revenue	$270,141	$243,109	+0.1%
Expenses	$198,169	$95,819	+1.1%
Net Income	$71,972	$147,290	-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

N/A

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
JAMES EIFERT	DIRECTOR	5.00	Director	$0	$0	$0
EDWARD HUNTER JR	DIRECTOR	5.00	Director	$0	$0	$0
FRED SCHEFFLER	DIRECTOR	5.00	Director	$0	$0	$0
RUSTY WILLOUGHBY	PRESIDENT	5.00	Director	$0	$0	$0
MIKAEL MULBERRY	TREASURER	5.00	Officer	$0	$0	$0
SAM WOMBLE	VICE PRESIDE	5.00	Officer	$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	$270,141	$198,169	$729,489	$71,972
2023	$243,109	$95,819	$656,747	$147,290
2022	$83,088	$91,114	$510,966	$-8,026
2021	$98,821	$90,945	$521,346	$7,876
2020	$113,459	$92,431	$515,478	$21,028
2019	$65,655	$89,208	$496,349	$-23,553
2018	$126,822	$73,167	$520,737	$53,655

CORINTH RURAL FIRE BOARD INC