THE FORESTVILLE VOLUNTEER FIRE DEPARTMENT INC NO 1 (EIN 521150904) - 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

1931

Legal Domicile

Principal Officer

PAUL THORNE JR

Phone

3018687390

Tax Period

2024-01-01 to 2024-12-31

THE FORESTVILLE VOLUNTEER FIRE DEPARTMENT INC NO 1, founded in 1931, is a micro nonprofit that reported $16K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $29K exceeded revenue, resulting in a 84% operating deficit.

Mission

PROVIDE VOLUNTEER FIRE DEPARTMENT AND RESCUE SERVICES

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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 $15,000

Program Service Revenue $865

Investment Income $23

Other Revenue $0

TOTAL REVENUE $15,888

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $16,432

Other Expenses $29,242

TOTAL EXPENSES $29,242

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,888	$16,820	-0.1%
Expenses	$29,242	$25,096	+0.2%
Net Income	$-13,354	$-8,276	+0.6%

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
WILLIAM HONEYCUTT	VICE PRESIDE	20.00	Officer Director	$0	$0	$0
JENNIFER JOHNSON	PRESIDENT	20.00	Officer Director	$0	$0	$0
PAUL THORNE JR	TREASURER	20.00	Officer Director	$0	$0	$0
ALICE O'DANIEL	SECRETARY	20.00	Officer 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	$15,888	$29,242	$1,427,357	$-13,354
2023	$16,820	$25,096	$1,440,711	$-8,276
2022	$19,987	$154,856	$1,448,986	$-134,869
2021	$71,999	$21,959	$1,583,855	$50,040
2020	$64,840	$65,170	$1,533,815	$-330
2019	$82,361	$28,489	$1,534,145	$53,872
2018	$14,299	$80,775	$1,480,273	$-66,476

THE FORESTVILLE VOLUNTEER FIRE DEPARTMENT INC NO 1