PALMER SPRINGS VOLUNTEER FIRE DEPT

EIN: 510207093 501(c)(3) Public Safety

BOYDTON, VA

Total Revenue
$387,568
Total Expenses
$228,325
Total Assets
$1,038,278
Net Assets
$1,038,278
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
VA
Principal Officer
PEYTON B FIELD
Phone
4346892739
Tax Period
2025-01-01 to 2025-12-31

PALMER SPRINGS VOLUNTEER FIRE DEPT, founded in 1976, is a small nonprofit in the Public Safety sector that reported $388K in total revenue in fiscal year 2025. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $159K, a strong 41% operating margin.

Mission

THE MISSION OF THE PALMER SPRINGS VOLUNTEER FIRE DEPARTMENT, INC. (PSVFD) IS TO PROVIDE FIRE PROTECTION TO OUR ASSIGNED AREA WHICH INCLUDES THE AREA KNOWN AS PALMER SPRINGS AND THE AREA KNOW AS RED LAWN, WHICH TOGETHER HAVE A TOTAL AREA OF ABOUT 30 SQUARE MILES. IN ADDITION, WE PROVIDE SECONDARY FIRE PROTECTION TO ADJACENT AREAS.

Program Service Accomplishments

Program 1
Expenses: $206,270

THE MISSION OF THE PALMER SPRINGS VOLUNTEER FIRE DEPARTMENT, INC. (PSVFD) IS TO PROVIDE FIRE PROTECTION TO OUR ASSIGNED AREA WHICH INCLUDES THE AREA KNOWN AS PALMER SPRINGS AND THE AREA KNOW AS RED...

Read more

THE MISSION OF THE PALMER SPRINGS VOLUNTEER FIRE DEPARTMENT, INC. (PSVFD) IS TO PROVIDE FIRE PROTECTION TO OUR ASSIGNED AREA WHICH INCLUDES THE AREA KNOWN AS PALMER SPRINGS AND THE AREA KNOW AS RED LAWN, WHICH TOGETHER HAVE A TOTAL AREA OF ABOUT 30 SQUARE MILES. IN ADDITION, WE PROVIDE SECONDARY FIRE PROTECTION TO ADJACENT AREAS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $289,104
Program Service Revenue $0
Investment Income $14,122
Other Revenue $84,342
TOTAL REVENUE $387,568

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $22,055
Program Expenses $206,270
Other Expenses $228,325
TOTAL EXPENSES $228,325

Year-over-Year Comparison

2025 2024 Change
Revenue $387,568 $268,062 +0.4%
Expenses $228,325 $200,445 +0.1%
Net Income $159,243 $67,617 +1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
N/A

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
13
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CRYSTAL CARTER SECRETARY 2.00
Officer Director
$0 $0 $0
PEYTON B FIELD TREASURER & 5.00
Officer Director
$0 $0 $0
FLETCHER B JONES PRESIDENT 2.00
Officer Director
$0 $0 $0
HOWARD MORRISON VICE PRESIDE 5.00
Officer Director
$0 $0 $0
LARRY T CLARK JR TOMMY CAPTAIN 7.00
Officer
$0 $0 $0
CHASE CARTER SERGEANT 7.00
Officer
$0 $0 $0
TYLER CARTER SERGEANT 2.00
Officer
$0 $0 $0
LARRY T CLARK FIRE CHIEF 7.00
Officer
$0 $0 $0
RICH HEYCOCK SERGEANT 5.00
Officer
$0 $0 $0
CHRIS KINKER 2ND LIEUTENA 4.00
Officer
$0 $0 $0
CLIFFORD T PREDDY ASSISTANT CH 5.00
Officer
$0 $0 $0
WILL PREDDY 2ND LIEUTENA 4.00
Officer
$0 $0 $0
RICHARD B PURYEAR 1ST LIEUTENA 4.00
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
2025 $387,568 $228,325 $1,038,278 $159,243
2024 No data No data No data No data
2023 $251,263 $267,613 $811,412 $-16,350
2022 $248,821 $199,014 $827,763 $49,807
2021 $255,314 $175,234 $777,956 $80,080
2020 $160,067 $177,668 $697,875 $-17,601
2019 $154,281 $159,054 $715,476 $-4,773
2018 $146,723 $131,800 $723,051 $14,923
Explore More Nonprofits
Top 100 Nonprofits in Virginia Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare PALMER SPRINGS VOLUNTEER FIRE DEPT with other nonprofits in Virginia and across the country.