Volunteer Fire Dept of Bethany Inc (EIN 510153274) - 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

1973

Legal Domicile

Phone

3363827389

Tax Period

2024-01-01 to 2024-12-31

Volunteer Fire Dept of Bethany Inc, founded in 1973, is a small nonprofit in the Public Safety sector that reported $961K in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $218K, a strong 23% operating margin.

Mission

To provide protection in the Bethany fire district.

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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 $936,810

Program Service Revenue $0

Investment Income $1,352

Other Revenue $23,047

TOTAL REVENUE $961,209

Expense Breakdown

Grants Paid $0

Salaries & Benefits $271,900

Fundraising Expenses $0

Program Expenses $742,832

Other Expenses $455,282

TOTAL EXPENSES $742,832

Year-over-Year Comparison

	2024	2023	Change
Revenue	$961,209	$607,177	+0.6%
Expenses	$742,832	$1,015,425	-0.3%
Net Income	$218,377	$-408,248	-1.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jason Doom	Chairman	2.00	Director	$0	$0	$0
Clay Barham	Vice Chairman	2.00	Director	$0	$0	$0
Alan Farrar	Secretary	3.00	Director	$0	$0	$0
Rick Thomas	Treasurer	4.00	Director	$0	$0	$0
Matt Smith	Member	1.00	Director	$0	$0	$0
Rob Sharp	Member	1.00	Director	$0	$0	$0
Greg Hazelwood	Member	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	$961,209	$742,832	$2,419,545	$218,377
2023	$607,177	$1,015,425	$2,431,922	$-408,248
2022	$633,535	$513,367	$2,551,020	$120,168
2021	$671,931	$330,986	$1,988,238	$340,945
2020	$484,482	$422,351	$1,751,873	$62,131
2019	$441,336	$437,674	$1,795,662	$3,662

Volunteer Fire Dept of Bethany Inc