PRICETOWN 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

1960

Legal Domicile

Principal Officer

CORBIT GILLESPIE

Phone

3042694667

Tax Period

2024-01-01 to 2024-12-31

PRICETOWN VOLUNTEER FIRE DEPARTMENT, founded in 1960, is a small nonprofit in the Public Safety sector that reported $164K in total revenue in fiscal year 2024.

Mission

SAVING LIVES AND PROPERTY AND DISTRIBUTINGFOOD AND CLEANING SUPPLIES TO THE NEEDY.

Program Service Accomplishments

Program 1

Expenses: $2,873

SERVICE FOR WESTERN AREA OF THE LOCAL COUNTY. ANSWERING STRUCTURE FIRES, WILDFIRES AND AUTO ACCIDENTS. ALSO ASSISTING OTHER COUNTY FIRE DEPTS.

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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 $161,596

Program Service Revenue $0

Investment Income $26

Other Revenue $2,138

TOTAL REVENUE $163,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,873

Other Expenses $177,746

TOTAL EXPENSES $177,746

Year-over-Year Comparison

	2024	2023	Change
Revenue	$163,760	$157,154	+0.0%
Expenses	$177,746	$171,287	+0.0%
Net Income	$-13,986	$-14,133	0.0%

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
CORBIT GILLESPIE	FIRE CHEIF	10.00	Director	$0	$0	$0
CORBIT GILLESPIE	PRESIDENT	8.00	Officer	$0	$0	$0
TOM FOSTER	VICE PRESIDENT	8.00	Officer	$0	$0	$0
CADEN McCLUE	SECRETARY	10.00	Officer	$0	$0	$0
DANA MOODY	TREASURER	10.00	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	$163,760	$177,746	$401,584	$-13,986
2023	$157,154	$171,287	$423,656	$-14,133
2022	$124,556	$178,135	$468,431	$-53,579
2021	$177,314	$177,804	$542,846	$-490
2020	$147,700	$134,847	$590,841	$12,853
2019	$119,356	$96,358	$241,217	$22,998
2018	$208,986	$124,091	$218,219	$84,895