GLASGOW VOLUNTEER FIRE DEPARTMENT

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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

2020

Legal Domicile

Principal Officer

JOHN HILL

Phone

5402582400

Tax Period

2022-07-01 to 2023-06-30

GLASGOW VOLUNTEER FIRE DEPARTMENT, founded in 2020, is a small nonprofit in the Public Safety sector that reported $322K in total revenue in fiscal year 2022. Revenue decreased 8% compared to the prior year. Expenses of $357K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE FIRE AND EMS SERVICES TO THE CITIZENS AND RESIDENTS OF THE TOWN OF GLASGOW AND ROCKBRIDGE COUNTY, VIRGINIA.

Program Service Accomplishments

Program 1

Expenses: $303,056

TO PROVIDE FIRE AND EMS SERVICES TO THE CITIZENS AND RESIDENTS OF THE TOWN OF GLASGOW AND ROCKBRIDGE COUNTY, VIRGINIA.

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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 (2022)

Revenue Breakdown

Contributions & Grants $282,984

Program Service Revenue $0

Investment Income $44

Other Revenue $39,336

TOTAL REVENUE $322,364

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $24,072

Program Expenses $303,056

Other Expenses $357,342

TOTAL EXPENSES $357,342

Year-over-Year Comparison

	2022	2021	Change
Revenue	$322,364	$349,616	-0.1%
Expenses	$357,342	$365,654	0.0%
Net Income	$-34,978	$-16,038	+1.2%

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

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
JOHN HILL	CHIEF	1.00	Officer	$0	$0	$0
SHELDON SNEAD	PRESIDENT	1.00	Officer	$0	$0	$0
JASON DUFF	VICE PRESIDE	1.00	Officer	$0	$0	$0
MELISSA WALDRON	SECRETARY	1.00	Officer	$0	$0	$0
DEVIN NICELY	TREASURER	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$322,364	$357,342	$549,224	$-34,978
2022	$349,616	$365,654	$395,119	$-16,038
2021	$251,092	$280,892	$436,454	$-29,800