HEDGESVILLE VOLUNTEER FIRE COMPANY

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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

1956

Legal Domicile

Principal Officer

MATT HELMICK

Phone

3047543662

Tax Period

2024-07-01 to 2025-06-30

HEDGESVILLE VOLUNTEER FIRE COMPANY, founded in 1956, is a small nonprofit in the Public Safety sector that reported $447K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

COMMUNITY FIRE PROTECTION

Program Service Accomplishments

Program 1

Expenses: $452,774

THE FIRE COMPANY PROVIDED AMBULANCE TRANSFERS AND FIRE PROTECTION IN HEDGESVILLE AND THE SURROUNDING AREAS OF BERKELEY COUNTY WV.

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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 $105,760

Program Service Revenue $244,374

Investment Income $1,333

Other Revenue $95,845

TOTAL REVENUE $447,312

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $452,774

Other Expenses $452,774

TOTAL EXPENSES $452,774

Year-over-Year Comparison

	2024	2023	Change
Revenue	$447,312	$358,716	+0.2%
Expenses	$452,774	$410,572	+0.1%
Net Income	$-5,462	$-51,856	-0.9%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIMMY MCQUAID Jr	DIRECTOR	10.00	Director	$0	$0	$0
RANDY KENNEY	DIRECTOR	10.00	Director	$0	$0	$0
MATT HELMICK	PRESIDENT	10.00	Officer	$0	$0	$0
SHELLEY BROCK	SECRETARY	10.00	Officer	$0	$0	$0
JADA NICHOLS	TREASURER	10.00	Officer	$0	$0	$0
BRITTANY FRENCH	VICE PRESIDENT	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
2025	$447,312	$452,774	$1,046,073	$-5,462
2024	$358,716	$410,572	$1,107,604	$-51,856
2023	$359,340	$281,358	$975,167	$77,982
2022	$312,554	$242,450	$847,597	$70,104
2021	$295,010	$233,455	$777,493	$61,555
2020	$242,478	$274,221	$1,277,837	$-31,743
2019	$274,721	$280,436	$1,311,447	$-5,715
2018	$275,624	$325,475	$1,404,960	$-49,851