WALKER VOLUNTEER FIREMEN'S RELIEF

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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

1961

Legal Domicile

Principal Officer

PATRICK WOOD

Phone

2185360581

Tax Period

2024-01-01 to 2024-12-31

WALKER VOLUNTEER FIREMEN'S RELIEF, founded in 1961, is a small nonprofit that reported $257K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $319K exceeded revenue, resulting in a 24% operating deficit.

Mission

PROVIDE RETIREMENT BENEFITS TO VOLUNTEER FIREFIGHTERS OF THE WALKER AREA JOINT FIRE DEPARTMENT.

Program Service Accomplishments

Program 1

Expenses: $271,420

THE ASSOCIATION ACCUMULATES FUNDS FOR THE RETIREMENT BENEFITS FOR ITS VOLUNTEER MEMBERS.

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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 $87,799

Program Service Revenue $0

Investment Income $133,905

Other Revenue $35,191

TOTAL REVENUE $256,895

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $271,420

Other Expenses $47,954

TOTAL EXPENSES $319,374

Year-over-Year Comparison

	2024	2023	Change
Revenue	$256,895	$197,423	+0.3%
Expenses	$319,374	$35,279	+8.1%
Net Income	$-62,479	$162,144	-1.4%

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

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
PATRICK WOOD	PRESIDENT	1.00	Officer Director	$0	$0	$0
JUSTIN BEARD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TRAVIS BAKER	TREASURER	1.00	Officer Director	$0	$0	$0
BROOKE VINKEMEIER	SECRETARY	1.00	Officer Director	$0	$0	$0
KARLY BAKER	TRUSTEE	1.00	Director	$0	$0	$0
JIM CRONK	TRUSTEE	1.00	Director	$0	$0	$0
RON GEISER	TRUSTEE	1.00	Director	$0	$0	$0
WAYNE MILLER	TRUSTEE	1.00	Director	$0	$0	$0
JON STEWART	FIRE CHIEF	1.00	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	$256,895	$319,374	$2,226,164	$-62,479
2023	$197,423	$35,279	$2,075,899	$162,144
2022	$215,758	$206,446	$1,715,974	$9,312
2021	$230,673	$63,269	$2,116,613	$167,404
2020	$165,241	$99,475	$1,727,660	$65,766
2019	$153,412	$19,581	$1,556,138	$133,831
2018	$162,226	$16,283	$1,222,871	$145,943