Grasonville Volunteer Fire Department Inc (EIN 521589687) - 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

1958

Legal Domicile

Principal Officer

Matthew Coursey

Phone

4108278100

Tax Period

2023-01-01 to 2023-12-31

Grasonville Volunteer Fire Department Inc, founded in 1958, is a small nonprofit in the Public Safety sector that reported $843K in total revenue in fiscal year 2023. The organization ran a surplus of $410K, a strong 49% operating margin.

Mission

Provides firefighting and emergency medical services, education for fire prevention, and the facility serves as community center or shelter during emergencies.

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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 (2023)

Revenue Breakdown

Contributions & Grants $713,600

Program Service Revenue $1,945

Investment Income $15,072

Other Revenue $111,958

TOTAL REVENUE $842,575

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,291

Fundraising Expenses $0

Program Expenses $405,912

Other Expenses $425,194

TOTAL EXPENSES $432,485

Year-over-Year Comparison

	2023	2022	Change
Revenue	$842,575	$878,386	0.0%
Expenses	$432,485	$471,828	-0.1%
Net Income	$410,090	$406,558	+0.0%

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

100

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
Devrine Jones	Director	002.00	Director	$0	$0	$0
Chris Marvel	Director	002.00	Director	$0	$0	$0
Tom Sheahan	Director	002.00	Director	$0	$0	$0
Dave Bell	Director	002.00	Director	$0	$0	$0
Mike Mattison	Director	002.00	Director	$0	$0	$0
Matthew Coursey	President	002.00	Officer	$0	$0	$0
Charlie Palmer	Vice President	002.00	Officer	$0	$0	$0
Phyliss Black	Treasurer	002.00	Officer	$0	$0	$0
Jena Anthony	Secretary	002.00	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	$842,575	$432,485	$3,955,148	$410,090
2022	$878,386	$471,828	$3,570,729	$406,558
2021	$751,134	$449,795	$3,228,328	$301,339
2020	$668,668	$495,000	$3,005,692	$173,668
2019	$662,426	$390,089	$2,906,067	$272,337
2018	$742,070	$444,481	$2,520,515	$297,589

Grasonville Volunteer Fire Department Inc