SELLERSBURG VOL FIRE DEPT (EIN 356043966) - 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

1949

Legal Domicile

Principal Officer

BOYCE ADAMS

Phone

8122467234

Tax Period

2023-04-01 to 2024-03-31

SELLERSBURG VOL FIRE DEPT, founded in 1949, is a small nonprofit in the Public Safety sector that reported $304K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $511K exceeded revenue, resulting in a 68% operating deficit.

Mission

THE ORGANIZATIONS OPERATE A STAFF OF VOLUNTEER FIREFIGHTERS TO FIGHT FIRES, USE/MAINTAIN RESCUE AND FIRE FIGHTING EQUIPMENT, AND TO PROVIDE FIRE PROTECTION, PREVENTION, AND OTHER LIFE SAFETY MATTERS.

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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 $25

Program Service Revenue $93,689

Investment Income $199,340

Other Revenue $10,532

TOTAL REVENUE $303,586

Expense Breakdown

Grants Paid $0

Salaries & Benefits $216,896

Fundraising Expenses $0

Program Expenses $403,128

Other Expenses $293,636

TOTAL EXPENSES $510,532

Year-over-Year Comparison

	2023	2022	Change
Revenue	$303,586	$254,209	+0.2%
Expenses	$510,532	$579,890	-0.1%
Net Income	$-206,946	$-325,681	-0.4%

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

$33,737

Total Directors

$99,680

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON SCOTT	PRESIDENT	1.00	Officer Director	$0	$0	$0
TIFFANY DIETZ	SECRETARY	40.00	Officer Director	$30,302	$3,435	$33,737
CHRIS TACKETT	BOARD MEMBER	1.00	Director	$0	$0	$0
RANDALL KING	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN TWEEDY	BOARD MEMBER	40.00	Director	$59,166	$6,777	$65,943
ROGER DECOLA	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM UPTON	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON WERLE	BOARD MEMBER	1.00	Director	$0	$0	$0
BOYCE ADAMS	FIRE CHIEF	7.00	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	$303,586	$510,532	$2,358,002	$-206,946
2023	$254,209	$579,890	$2,586,287	$-325,681
2022	$440,735	$661,955	$3,117,679	$-221,220
2021	$391,394	$935,753	$3,766,016	$-544,359
2020	$1,303,411	$1,598,064	$3,909,783	$-294,653

SELLERSBURG VOL FIRE DEPT