ASHLAND VOL FIRE COMPANY INC

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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

1996

Legal Domicile

Principal Officer

PHILLIP HUTCHESON

Phone

8047988416

Tax Period

2023-01-01 to 2023-12-31

ASHLAND VOL FIRE COMPANY INC, founded in 1996, is a small nonprofit in the Public Safety sector that reported $273K in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $188K, a strong 69% operating margin.

Mission

PRESERVATION OF LIFE, PROPERTY, AND ENVIRONMENT.

Program Service Accomplishments

Program 1

Expenses: $78,838

RECRUITED, TRAINED AND PROVIDED 24/7 EMERGENCY RESPONSE SERVICES TO THE RESIDENTS OF THE TOWN OF ASHLAND AND HANOVER COUNTY IN ADDITION TO INDIVIDUALS THAT TRAVELED ON INTERSTATE 95. THE ORGANIZATION WAS ALSO WAS TASKED WITH ANTICIPATING EQUIPMENT NEEDS AND PROCURRING EQUIPMENT AS NECESSARY.

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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 $256,696

Program Service Revenue $0

Investment Income $16,314

Other Revenue $0

TOTAL REVENUE $273,010

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $0

Fundraising Expenses $2,604

Program Expenses $78,838

Other Expenses $81,659

TOTAL EXPENSES $85,263

Year-over-Year Comparison

	2023	2022	Change
Revenue	$273,010	$186,899	+0.5%
Expenses	$85,263	$63,165	+0.3%
Net Income	$187,747	$123,734	+0.5%

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
ROBERT CARLIN	TREASURER	1.00	Officer Director	$0	$0	$0
DOUGLAS CAUTHORN	1ST VICE PRE	3.00	Officer Director	$0	$0	$0
PHILLIP HUTCHESON	PRESIDENT	25.00	Officer Director	$0	$0	$0
WILLIAM PALMORE	MEMBER AT LA	1.00	Director	$0	$0	$0
SPENCER WILLETT	MEMBER AT LA	1.00	Director	$0	$0	$0
MIKE WILLIAMS	SECRETARY	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$273,010	$85,263	$868,531	$187,747
2022	$186,899	$63,165	$656,544	$123,734
2021	$123,725	$64,094	$588,920	$59,631
2020	$76,448	$55,485	$534,980	$20,963