BUFFALO GAP VOLUNTEER FIRE DEPARTMENT (EIN 510677864) - 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

2019

Legal Domicile

Principal Officer

SHANNON RHODES

Phone

3256606800

Tax Period

2024-01-01 to 2024-12-31

BUFFALO GAP VOLUNTEER FIRE DEPARTMENT, founded in 2019, is a small nonprofit in the Public Safety sector that reported $231K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $154K, a strong 67% operating margin.

Mission

THE SOLE PURPOSE FOR WHICH THE "BUFFALO GAP VOLUNTEER FIRE DEPARTMENT OF BUFFALO GAP, TEXAS" IS ORGANIZED IS TO EXTINGUISH FIRES AND PROTECT LIVES AND PROPERTY.

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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 $188,104

Program Service Revenue $0

Investment Income $7,124

Other Revenue $35,606

TOTAL REVENUE $230,834

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $72,132

Other Expenses $76,496

TOTAL EXPENSES $76,496

Year-over-Year Comparison

	2024	2023	Change
Revenue	$230,834	$358,220	-0.4%
Expenses	$76,496	$48,071	+0.6%
Net Income	$154,338	$310,149	-0.5%

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

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
DERRICK SOWELL	CHIEF	5.00	Director	$0	$0	$0
DAN HACKNEY	ASST. CHIEF	5.00	Director	$0	$0	$0
BILL SWANZY	PRESIDENT	5.00	Officer Director	$0	$0	$0
BRANDY HANNON	SECRETARY	5.00	Officer Director	$0	$0	$0
KAYLA SWANZY	TREASURER	5.00	Officer Director	$0	$0	$0
CHUCK GILLIAND	CHAPLIN/VICE PRESIDENT	5.00	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	$230,834	$76,496	$859,511	$154,338
2023	$358,220	$48,071	$705,173	$310,149
2022	$199,545	$55,278	$395,024	$144,267

BUFFALO GAP VOLUNTEER FIRE DEPARTMENT