VIRGILINA VOLUNTEER FIRE ASSOCIATION (EIN 421689504) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1956

Legal Domicile

Principal Officer

RALPH MURRAY

Phone

4345854444

Tax Period

2023-01-01 to 2023-12-31

VIRGILINA VOLUNTEER FIRE ASSOCIATION, founded in 1956, is a small nonprofit in the Public Safety sector that reported $153K in total revenue in fiscal year 2018. Expenses of $132K left a modest 14% surplus.

Mission

THE VIRGILINA VOLUNTEER FIRE ASSOCIATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE FIRE SUPPRESSION AND EMERGENCY MEDICAL ASSISTANCE TO THEIR DESIGNATED DISTRICT.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $140,110

Program Service Revenue $0

Investment Income $3,524

Other Revenue $23,177

TOTAL REVENUE $166,811

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $184,634

Other Expenses $230,791

TOTAL EXPENSES $230,791

Year-over-Year Comparison

	2023	2022	Change
Revenue	$166,811	$193,604	-0.1%
Expenses	$230,791	$144,010	+0.6%
Net Income	$-63,980	$49,594	-2.3%

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

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
CASEY BREWER	President	5.00	Officer	$0	$0	$0
CRAIG YOUNG	Vice President	5.00	Officer	$0	$0	$0
BEVERLY MURRAY	Secretary	5.00	Officer	$0	$0	$0
RALPH MURRAY	Treasurer	5.00	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
2023	$166,811	$230,791	$779,133	$-63,980
2022	$193,604	$144,010	$843,113	$49,594
2021	$228,414	$154,139	$832,556	$74,275
2020	$176,083	$112,946	$758,281	$63,137
2019	$183,688	$110,048	$695,144	$73,640
2018	$153,340	$131,735	$621,504	$21,605

VIRGILINA VOLUNTEER FIRE ASSOCIATION