VOLUNTEER FIRE CO OF VERNON INC (EIN 521691641) - 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

1950

Legal Domicile

Principal Officer

STEVE ADAMS

Phone

3155277415

Tax Period

2024-01-01 to 2024-12-31

VOLUNTEER FIRE CO OF VERNON INC, founded in 1950, is a small nonprofit in the Public Safety sector that reported $237K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $222K left a modest 7% surplus.

Mission

FIRE PROTECTION

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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 $1,823

Program Service Revenue $199,502

Investment Income $10,640

Other Revenue $25,242

TOTAL REVENUE $237,207

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $218,258

Other Expenses $221,580

TOTAL EXPENSES $221,580

Year-over-Year Comparison

	2024	2023	Change
Revenue	$237,207	$176,238	+0.3%
Expenses	$221,580	$161,187	+0.4%
Net Income	$15,627	$15,051	+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

N/A

Volunteers

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
ERIC FULLER	PRESIDENT	10.00	Officer	$0	$0	$0
BRANDON REDDINGTON	V PRES	10.00	Officer	$0	$0	$0
STEPHANIE DOANE	SECRETARY	10.00	Officer	$0	$0	$0
STEVEN ADAMS	TREASURER	10.00	Officer	$0	$0	$0
SCOTT NELL	CHIEF	10.00	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	$237,207	$221,580	$632,548	$15,627
2023	$176,238	$161,187	$613,797	$15,051
2022	$234,117	$251,661	$593,286	$-17,544
2021	$187,852	$241,628	$614,854	$-53,776
2020	$162,504	$158,184	$680,049	$4,320
2019	$149,116	$136,054	$687,853	$13,062
2018	$152,329	$156,042	$434,665	$-3,713

VOLUNTEER FIRE CO OF VERNON INC