HEREFORD VOLUNTEER FIRE COMPANY INC (EIN 526074931) - 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

1925

Legal Domicile

Phone

4103574443

Tax Period

2023-01-01 to 2023-12-31

HEREFORD VOLUNTEER FIRE COMPANY INC, founded in 1925, is a small nonprofit in the Public Safety sector that reported $974K in total revenue in fiscal year 2023. Revenue surged 151% from the prior year, signaling strong growth momentum. The organization ran a surplus of $685K, a strong 70% operating margin.

Mission

FIRE AND RESCUE SERVICE

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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 $475,543

Program Service Revenue $0

Investment Income $244,102

Other Revenue $254,436

TOTAL REVENUE $974,081

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $272,827

Other Expenses $288,771

TOTAL EXPENSES $288,771

Year-over-Year Comparison

	2023	2022	Change
Revenue	$974,081	$388,637	+1.5%
Expenses	$288,771	$327,014	-0.1%
Net Income	$685,310	$61,623	+10.1%

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

N/A

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
TYLER BELLO	Vice President	10.00	Director	$0	$0	$0
CHARLES RAY III	President	10.00	Director	$0	$0	$0
ARLENE SHEATS	Secretary	10.00	Director	$0	$0	$0
CHRISTINA BERKEY	Treasurer	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	No data	No data	No data	No data
2023	$974,081	$288,771	$7,779,484	$685,310
2022	$388,637	$327,014	$7,273,807	$61,623
2021	$663,035	$235,033	$7,236,722	$428,002
2020	$572,930	$279,325	$6,865,434	$293,605
2019	$676,455	$527,281	$6,661,198	$149,174

HEREFORD VOLUNTEER FIRE COMPANY INC