NEWSOMS VOLUNTEER FIRE DEPARTMENT INCORPORATED (EIN 540992832) - 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

1950

Legal Domicile

Phone

7576546891

Tax Period

2023-01-01 to 2023-12-31

NEWSOMS VOLUNTEER FIRE DEPARTMENT INCORPORATED, founded in 1950, is a small nonprofit in the Public Safety sector that reported $236K in total revenue in fiscal year 2020. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $115K, a strong 49% operating margin.

Mission

MAINTENANCE OF FIRE FIGHTING EQUIPMENT TRAINING PERSONNEL EDUCATION OF THE COMMUNITY AND MAINTAINING A STATE OF READINESS TO SERVE THE COMMUNITY

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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 $228,715

Program Service Revenue $0

Investment Income $722

Other Revenue $13,632

TOTAL REVENUE $243,069

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $99,062

Other Expenses $114,019

TOTAL EXPENSES $114,019

Year-over-Year Comparison

	2023	2022	Change
Revenue	$243,069	$140,220	+0.7%
Expenses	$114,019	$130,267	-0.1%
Net Income	$129,050	$9,953	+12.0%

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

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
LARRY FOWLER	DIRECTOR	1.00	Director	$0	$0	$0
COLBY TURNER	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN HERMANN	CHIEF	1.00	Officer Director	$0	$0	$0
ALWYN BRIGGS	TREASURER	1.00	Officer Director	$0	$0	$0
CLAYTON GASKINS	PRESIDENT	1.00	Officer Director	$0	$0	$0
WESLEY DRAKE	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
2024	No data	No data	No data	No data
2023	$243,069	$114,019	$978,071	$129,050
2022	$140,220	$130,267	$902,318	$9,953
2021	$139,986	$120,493	$953,107	$19,493
2020	$235,596	$120,777	$997,046	$114,819

NEWSOMS VOLUNTEER FIRE DEPARTMENT INCORPORATED