DAVIS CORNER VOLUNTEER FIRE DEPARTMENT & RESCUE SQ (EIN 510140450) - 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

1943

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

DAVIS CORNER VOLUNTEER FIRE DEPARTMENT & RESCUE SQ, founded in 1943, is a small nonprofit in the Public Safety sector that reported $149K in total revenue in fiscal year 2022. Revenue fell 49% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $42K, a strong 28% operating margin.

Mission

To provide volunteer rescue services for the City of Virginia Beach.

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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 $169,749

Program Service Revenue $0

Investment Income $6,799

Other Revenue $0

TOTAL REVENUE $176,548

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $18,978

Program Expenses $101,425

Other Expenses $111,603

TOTAL EXPENSES $130,581

Year-over-Year Comparison

	2023	2022	Change
Revenue	$176,548	$148,925	+0.2%
Expenses	$130,581	$107,406	+0.2%
Net Income	$45,967	$41,519	+0.1%

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	Role	Reportable Comp	Other Comp	Total
ERIC HOYT	BOARD MEMBER	Officer	$0	$0	$0
JOYCE MULLINS	BOARD MEMBER	Officer	$0	$0	$0
JUDI BAKER	TREASURER	Officer	$0	$0	$0
MIKE MULLINS	PRESIDENT	Officer	$0	$0	$0
COLLETTE GAHR	BOARD MEMBER	Officer	$0	$0	$0
SARAH STOLTMAN	BOARD MEMBER	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	$176,548	$130,581	$651,160	$45,967
2022	$148,925	$107,406	$605,193	$41,519

DAVIS CORNER VOLUNTEER FIRE DEPARTMENT & RESCUE SQ