PALMER SPRINGS VOLUNTEER FIRE DEPT (EIN 510207093) - 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

1976

Legal Domicile

Principal Officer

PEYTON B FIELD

Phone

4346892739

Tax Period

2023-01-01 to 2023-12-31

PALMER SPRINGS VOLUNTEER FIRE DEPT, founded in 1976, is a small nonprofit in the Public Safety sector that reported $147K in total revenue in fiscal year 2018. Revenue decreased 14% compared to the prior year. Expenses of $132K left a modest 10% surplus.

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.

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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 $166,049

Program Service Revenue $0

Investment Income $18,505

Other Revenue $66,709

TOTAL REVENUE $251,263

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $267,613

Other Expenses $267,613

TOTAL EXPENSES $267,613

Year-over-Year Comparison

	2023	2022	Change
Revenue	$251,263	$248,821	+0.0%
Expenses	$267,613	$199,014	+0.3%
Net Income	$-16,350	$49,807	-1.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRYSTAL CARTER	SECRETARY	4.00	Officer Director	$0	$0	$0
PEYTON B FIELD	TREASURER &	4.00	Officer Director	$0	$0	$0
FLETCHER B JONES	PRESIDENT	4.00	Officer Director	$0	$0	$0
HOWARD MORRISON	VICE PRESIDE	4.00	Officer Director	$0	$0	$0
LARRY T CLARK JR TOMMY	CAPTAIN	4.00	Officer	$0	$0	$0
CHASE CARTER	SERGEANT	4.00	Officer	$0	$0	$0
TYLER CARTER	SERGEANT	4.00	Officer	$0	$0	$0
LARRY T CLARK	FIRE CHIEF	4.00	Officer	$0	$0	$0
RICH HEYCOCK	SERGEANT	4.00	Officer	$0	$0	$0
CHRIS KINKER	2ND LIEUTENA	4.00	Officer	$0	$0	$0
CLIFFORD T PREDDY	ASSISTANT CH	4.00	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
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

PALMER SPRINGS VOLUNTEER FIRE DEPT