WOOLWINE VOLUNTEER FIRE DEPARTMENT INC (EIN 540943753) - 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

1973

Legal Domicile

Principal Officer

EDDIE HARBOUR

Phone

2769302100

Tax Period

2023-01-01 to 2023-12-31

WOOLWINE VOLUNTEER FIRE DEPARTMENT INC, founded in 1973, is a micro nonprofit that reported $55K in total revenue in fiscal year 2018. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $179K exceeded revenue, resulting in a 227% operating deficit.

Mission

SOCIAL WELFARE(FIRE DEPARTMENT) THE FIRE DEPARTMENT WORKS TO FIGHT FIRES. IT HELPS TO SAVE LIVES AND PROPERTY AND EDUCATES THE COMMUNITY ABOUT FIRE SAFETY.

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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 $62,398

Program Service Revenue $0

Investment Income $14,630

Other Revenue $14,583

TOTAL REVENUE $91,611

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $71,512

Other Expenses $73,852

TOTAL EXPENSES $73,852

Year-over-Year Comparison

	2023	2022	Change
Revenue	$91,611	$199,074	-0.5%
Expenses	$73,852	$87,091	-0.2%
Net Income	$17,759	$111,983	-0.8%

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
DAVID MIDKIFF	PRESIDENT	15.00	Officer	$0	$0	$0
RUSSELL RORRER	VICE PRESIDENT	15.00	Officer	$0	$0	$0
BENNETT SHUFF	SECRETARY	15.00	Officer	$0	$0	$0
EDDIE HARBOUR	TREASURER	15.00	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	$91,611	$73,852	$714,272	$17,759
2022	$199,074	$87,091	$696,612	$111,983
2021	$58,917	$84,819	$585,263	$-25,902
2020	$44,160	$104,522	$610,424	$-60,362
2019	$85,596	$123,715	$671,358	$-38,119
2018	$54,789	$178,945	$710,784	$-124,156

WOOLWINE VOLUNTEER FIRE DEPARTMENT INC