Marshall Volunteer Fire & Rescue Department Inc (EIN 540803307) - 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

1966

Legal Domicile

Principal Officer

William Canard

Phone

5403642277

Tax Period

2023-01-01 to 2023-12-31

Marshall Volunteer Fire & Rescue Department Inc, founded in 1966, is a small nonprofit that reported $395K in total revenue in fiscal year 2018. Revenue decreased 20% compared to the prior year. Expenses of $482K exceeded revenue, resulting in a 22% operating deficit.

Mission

Fire protection, prevention, emergency medical and rescue

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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 (2023)

Revenue Breakdown

Contributions & Grants $575,328

Program Service Revenue $25,934

Investment Income $28,861

Other Revenue $12,375

TOTAL REVENUE $642,498

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $4,948

Program Expenses $252,344

Other Expenses $400,605

TOTAL EXPENSES $400,605

Year-over-Year Comparison

	2023	2022	Change
Revenue	$642,498	$1,060,789	-0.4%
Expenses	$400,605	$356,842	+0.1%
Net Income	$241,893	$703,947	-0.7%

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

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
William Canard	President	15.00	Officer Director	$0	$0	$0
Eddie Payne	Vice President	10.00	Officer Director	$0	$0	$0
Kristen Price	Treasurer	2.00	Officer Director	$0	$0	$0
Brenda Payne	Secretary	10.00	Officer Director	$0	$0	$0
H C Lane III	Chief	20.00	Officer Director	$0	$0	$0
William Canard	Asst Chief	20.00	Officer	$0	$0	$0
Ian McNaught	Captain	15.00	Officer	$0	$0	$0
Leroy Downes	Sergeant	15.00	Officer	$0	$0	$0
Michael Soaper	Director	10.00	Director	$0	$0	$0
Tom Marable	Director	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	$642,498	$400,605	$3,764,498	$241,893
2022	$1,060,789	$356,842	$3,601,378	$703,947
2021	$428,548	$280,531	$3,017,573	$148,017
2020	$695,513	$355,225	$3,231,232	$340,288
2019	$262,992	$347,314	$3,009,751	$-84,322
2018	$394,695	$481,913	$3,161,792	$-87,218

Marshall Volunteer Fire & Rescue Department Inc