Fries Volunteer Fire Dept Inc

EIN: 510232219 501(c)(3)

FRIES, VA

Total Revenue
$203,933
Total Expenses
$524,957
Total Assets
$1,904,925
Net Assets
$1,904,925
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1962
Legal Domicile
VA
Principal Officer
ALLEN FAULKNER
Phone
2762373736
Tax Period
2024-01-01 to 2024-12-31

Fries Volunteer Fire Dept Inc, founded in 1962, is a small nonprofit that reported $204K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $525K exceeded revenue, resulting in a 157% operating deficit.

Mission

FIRE DEPARTMENT COMMUNITY SERVICES PROVIDING FIRE SAFETY TO THE COMMUNITY

Program Service Accomplishments

Program 1
Expenses: $1,156

FIRE DEPARMENT COMMUNITY SERVICES PROVIDING FIRE SAFETY TO THE COMMUNITY

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $136,687
Program Service Revenue $0
Investment Income $1,391
Other Revenue $65,855
TOTAL REVENUE $203,933

Expense Breakdown

Grants Paid $0
Salaries & Benefits $78,432
Fundraising Expenses $8,144
Program Expenses $1,156
Other Expenses $446,525
TOTAL EXPENSES $524,957

Year-over-Year Comparison

2024 2023 Change
Revenue $203,933 $346,215 -0.4%
Expenses $524,957 $423,605 +0.2%
Net Income $-321,024 $-77,390 +3.1%
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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Governance

Voting Members
33
Independent Members
N/A
Employees
N/A
Volunteers
33

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALLEN FAULKNER PRESIDENT 3.0
Officer
$0 $0 $0
SCOTT BEMIS VICE PRESIDENT 3.0
Officer
$0 $0 $0
ALLEN FAULKNER TREASURER 3.0
Officer
$0 $0 $0
MIKE HACKLER SECRETARY 3.0
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 $203,933 $524,957 $1,904,925 $-321,024
2023 $346,215 $423,605 $2,243,638 $-77,390
2022 $252,965 $432,131 $1,922,765 $-179,166
2021 $398,301 $399,698 $2,080,188 $-1,397
2020 $437,045 $361,483 $1,942,791 $75,562
2019 $489,001 $339,104 $1,750,169 $149,897
2018 $316,331 $302,167 $1,572,035 $14,164
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