GALVESTON VOLUNTEER FIRE DEPART INC (EIN 356045297) - 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

1939

Legal Domicile

Principal Officer

BRENT AHRENS

Phone

5746991229

Tax Period

2024-01-01 to 2024-12-31

GALVESTON VOLUNTEER FIRE DEPART INC, founded in 1939, is a small nonprofit that reported $317K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $59K, a strong 19% operating margin.

Mission

RESPONDING TO EMERGENCIES IN GALVESTON AND THE SURROUNDING COMMUNITIES

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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 $223,266

Program Service Revenue $68,728

Investment Income $25,049

Other Revenue $0

TOTAL REVENUE $317,043

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $237,166

Other Expenses $258,281

TOTAL EXPENSES $258,281

Year-over-Year Comparison

	2024	2023	Change
Revenue	$317,043	$240,111	+0.3%
Expenses	$258,281	$217,078	+0.2%
Net Income	$58,762	$23,033	+1.6%

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

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
BRENT AHRENS	CHIEF	1.00		$0	$0	$0
JW HARRIS	TREASURER	0.50		$0	$0	$0
ZACK ZIMMERMAN	ASSISTANT CH	1.00		$0	$0	$0
MIKE AHRENS	BOARD OF DIR	0.50	Director	$0	$0	$0
KENNY CRIPE	BOARD OF DIR	0.50	Director	$0	$0	$0
KELSEY KILE	SECRETARY	0.50	Officer	$0	$0	$0
DAN ALEXANDER	BOARD OF DIR	0.50	Director	$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	$317,043	$258,281	$1,264,428	$58,762
2023	$240,111	$217,078	$1,205,666	$23,033
2022	$235,142	$155,616	$1,182,633	$79,526
2021	$283,627	$198,244	$1,103,107	$85,383
2020	$208,672	$195,045	$1,017,724	$13,627
2019	$221,788	$195,442	$1,004,097	$26,346
2018	$173,335	$173,078	$977,751	$257

GALVESTON VOLUNTEER FIRE DEPART INC