LOCKINGTON VOLUNTEER FIRE ASSOCIATION LLC (EIN 310980954) - 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

2017

Legal Domicile

Principal Officer

TODD VALLIEU

Phone

9372146839

Tax Period

2023-01-01 to 2023-12-31

LOCKINGTON VOLUNTEER FIRE ASSOCIATION LLC, founded in 2017, is a small nonprofit that reported $148K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $170K exceeded revenue, resulting in a 15% operating deficit.

Mission

FIRE PROTECTION TO LOCAL RESIDENTS AND BUSINESSES.

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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 $139,695

Program Service Revenue $0

Investment Income $2,285

Other Revenue $5,972

TOTAL REVENUE $147,952

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $169,082

Other Expenses $169,896

TOTAL EXPENSES $169,896

Year-over-Year Comparison

	2023	2022	Change
Revenue	$147,952	$170,298	-0.1%
Expenses	$169,896	$125,810	+0.4%
Net Income	$-21,944	$44,488	-1.5%

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

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
LEE ADAMS	TRUSTEE	5.00	Director	$0	$0	$0
LYLE ADAMS	TRUSTEE	5.00	Director	$0	$0	$0
ERIC COTTERMAN	VP/SECRETARY	5.00	Officer Director	$0	$0	$0
BRUCE PEEPLES	TRUSTEE	5.00	Director	$0	$0	$0
MAJOR REDMAN	TRUSTEE	5.00	Director	$0	$0	$0
TODD VALLIEU	TREASURER	5.00	Officer Director	$0	$0	$0
SKYLER PURKEYPILE	PRESIDENT	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	No data	No data	No data	No data
2023	$147,952	$169,896	$1,014,936	$-21,944
2022	$170,298	$125,810	$1,036,880	$44,488
2021	$145,141	$118,043	$993,481	$27,098
2020	$257,627	$125,972	$969,687	$131,655
2019	$235,813	$205,813	$838,032	$30,000
2018	$207,606	$157,169	$808,032	$50,437

LOCKINGTON VOLUNTEER FIRE ASSOCIATION LLC