DEVOLA VOLUNTEER FIRE COMPANY INC (EIN 310891137) - 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

1955

Legal Domicile

Principal Officer

JOHN BICHARD

Phone

7403747369

Tax Period

2024-01-01 to 2024-12-31

DEVOLA VOLUNTEER FIRE COMPANY INC, founded in 1955, is a small nonprofit in the Public Safety sector that reported $685K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $630K left a modest 8% surplus.

Mission

THE DEVOLA VOL. FIRE CO. PROVIDES FIRE AND EMERGENCY MEDICAL SERVICES FOR RESIDENTIAL, COMMERCIAL, AND LIGHT INDUSTRIAL STRUCTURES, AS WELL AS BLS & ALS MEDICAL 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 $165,484

Program Service Revenue $497,322

Investment Income $-1,038

Other Revenue $23,541

TOTAL REVENUE $685,309

Expense Breakdown

Grants Paid $7,000

Salaries & Benefits $129,981

Fundraising Expenses $0

Program Expenses $578,031

Other Expenses $493,488

TOTAL EXPENSES $630,469

Year-over-Year Comparison

	2024	2023	Change
Revenue	$685,309	$527,339	+0.3%
Expenses	$630,469	$484,568	+0.3%
Net Income	$54,840	$42,771	+0.3%

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

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

$5,612

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WESLEY SATTERFIELD	PRESIDENT	5.00	Officer	$0	$0	$0
THOMAS SHORT	VICE PRESIDENT	3.00	Officer	$297	$0	$297
JOHN BICHARD	TREASURER	5.00	Officer	$4,701	$0	$4,701
ERICA SLACK	SECRETARY	3.00	Officer	$174	$0	$174
HAROLD NEWLEN	CHIEF	5.00	Officer	$440	$0	$440

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	$685,309	$630,469	$1,084,024	$54,840
2023	$527,339	$484,568	$1,072,386	$42,771
2022	$511,790	$508,234	$1,065,990	$3,556
2021	$494,690	$407,611	$1,121,244	$87,079
2020	$426,606	$370,999	$1,085,424	$55,607
2019	$419,444	$353,088	$1,080,760	$66,356

DEVOLA VOLUNTEER FIRE COMPANY INC