KY 86 VOLUNTEER FIRE DEPARTMENT INC (EIN 310985638) - 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

1979

Legal Domicile

Principal Officer

NICKY THOMAS

Phone

2707664311

Tax Period

2023-01-01 to 2023-12-31

KY 86 VOLUNTEER FIRE DEPARTMENT INC, founded in 1979, is a small nonprofit that reported $116K in total revenue in fiscal year 2023. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $140K exceeded revenue, resulting in a 20% operating deficit.

Mission

RESPOND QUICKLY AND PROVIDE NEEDED FIRE SERVICES TO THOSE AFFECTED BY FIRES.

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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 $116,144

Program Service Revenue $0

Investment Income $33

Other Revenue $0

TOTAL REVENUE $116,177

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $136,866

Other Expenses $139,544

TOTAL EXPENSES $139,544

Year-over-Year Comparison

	2023	2022	Change
Revenue	$116,177	$312,829	-0.6%
Expenses	$139,544	$111,493	+0.3%
Net Income	$-23,367	$201,336	-1.1%

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
DANIEL CARPENTER	BOARD MEMBER	2.00	Officer	$0	$0	$0
NATHAN HIGHBAUGH	SECRETARY	2.00	Officer	$0	$0	$0
SHEILA HARRINGTON	TREASURER	2.00	Officer	$0	$0	$0
GREG LOWE	ASST TREASUR	2.00	Officer	$0	$0	$0
CHARLES WILLIAMS	BOARD MEMBER	2.00	Officer	$0	$0	$0
WAYNE RUSHING	BOARD MEMBER	2.00	Officer	$0	$0	$0
NICKY THOMAS	CHAIRMAN	2.00	Officer	$0	$0	$0
DERRICK PETERS	CHIEF	2.00	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	$116,177	$139,544	$633,413	$-23,367
2022	$312,829	$111,493	$671,442	$201,336
2021	$104,541	$112,992	$484,193	$-8,451
2020	$98,372	$120,301	$419,026	$-21,929

KY 86 VOLUNTEER FIRE DEPARTMENT INC