IOLA VOLUNTEER FIRE DEPARTMENT (EIN 352454750) - 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

1976

Legal Domicile

Principal Officer

MORRISS BARNEY

Phone

9792299756

Tax Period

2023-01-01 to 2023-12-31

IOLA VOLUNTEER FIRE DEPARTMENT, founded in 1976, is a small nonprofit in the Public Safety sector that reported $131K in total revenue in fiscal year 2023. Expenses of $116K left a modest 12% surplus.

Mission

TO PROVIDE FIRE FIGHTING SERVICES TO GRIMES COUNTY, TEXAS PRECINCT ONE AREA.

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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 $106,272

Program Service Revenue $0

Investment Income $11,874

Other Revenue $13,070

TOTAL REVENUE $131,216

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $114,581

Other Expenses $115,522

TOTAL EXPENSES $115,522

Year-over-Year Comparison

	2023	2022	Change
Revenue	$131,216	$124,784	+0.1%
Expenses	$115,522	$131,675	-0.1%
Net Income	$15,694	$-6,891	-3.3%

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

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
MORRISS BARNEY	PRESIDENT	10.00	Director	$0	$0	$0
ANDREW GEST	VICE-PRESIDENT	10.00	Director	$0	$0	$0
DEAN MILLER	SECRETARY/TREASURER	10.00	Director	$0	$0	$0
JAMES D GWINN	CHIEF	10.00	Officer	$0	$0	$0
WILLIAM KING JR	ASST. CHIEF	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	No data	No data	No data	No data
2023	$131,216	$115,522	$180,495	$15,694
2022	$124,784	$131,675	$190,508	$-6,891
2021	$99,163	$153,633	$218,093	$-54,470
2019	$197,245	$239,526	$385,470	$-42,281
2018	$235,079	$150,322	$440,827	$84,757

IOLA VOLUNTEER FIRE DEPARTMENT