RINGGOLD VOLUNTEER FIRE & RESCUE INC (EIN 521300114) - 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

2001

Legal Domicile

Principal Officer

JENNIFER STATZER

Phone

4347930110

Tax Period

2024-01-01 to 2024-12-31

RINGGOLD VOLUNTEER FIRE & RESCUE INC, founded in 2001, is a small nonprofit in the Public Safety sector that reported $215K in total revenue in fiscal year 2019. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $494K exceeded revenue, resulting in a 129% operating deficit.

Mission

COMMUNITY VOLUNTEER FIRE FIGHTING AND PREVENTION BY UNPAID VOLUNTEERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $171,335

Program Service Revenue $160,444

Investment Income $-197,929

Other Revenue $94,417

TOTAL REVENUE $228,267

Expense Breakdown

Grants Paid $0

Salaries & Benefits $177,904

Fundraising Expenses $0

Program Expenses $528,359

Other Expenses $365,484

TOTAL EXPENSES $543,388

Year-over-Year Comparison

	2024	2023	Change
Revenue	$228,267	$408,028	-0.4%
Expenses	$543,388	$428,017	+0.3%
Net Income	$-315,121	$-19,989	+14.8%

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

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

$6,182

Total Directors

$37,195

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLAIBORN KEISTER WHITT	BOARD CHAIRMAN	2.00	Officer Director	$0	$0	$0
CHRISTOPHER EASTWOOD	BOARD VICE-CHAIRMAN	2.00	Officer Director	$0	$0	$0
JENNIFER STATZER	TREASURER	2.00	Officer Director	$6,182	$0	$6,182
MICHAEL NEAL	DIRECTOR	2.00	Director	$9,202	$0	$9,202
BEN FOSTER	DIRECTOR	2.00	Director	$0	$0	$0
BERT SELLERS	DIRECTOR	2.00	Director	$0	$0	$0
BOBBY WILKERSON	DIRECTOR	2.00	Director	$0	$0	$0
JASON SWARINGEN	DIRECTOR	2.00	Director	$0	$0	$0
DAVID ADKINS	DIRECTOR	2.00	Director	$6,265	$0	$6,265
JACOB ADKINS	DIRECTOR	2.00	Director	$15,546	$0	$15,546
JIMMY HOLLIE	SECRETARY	2.00	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	$228,267	$543,388	$2,384,306	$-315,121
2023	$408,028	$428,017	$2,699,427	$-19,989
2022	$381,736	$393,460	$2,719,416	$-11,724
2021	$404,556	$358,254	$2,731,140	$46,302
2020	$432,287	$430,834	$2,684,838	$1,453
2019	$215,375	$493,591	$2,751,096	$-278,216

RINGGOLD VOLUNTEER FIRE & RESCUE INC