SOUTH BOSTON FIRE COMPANY INC

EIN: 541006735 501(c)(3) Public Safety

SOUTH BOSTON, VA

Total Revenue
$17,868
Total Expenses
$23,676
Total Assets
$690,959
Net Assets
$690,959
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1958
Legal Domicile
VA
Principal Officer
RODNEY CROWELL
Phone
4345742925
Tax Period
2024-01-01 to 2024-12-31

SOUTH BOSTON FIRE COMPANY INC, founded in 1958, is a small nonprofit in the Public Safety sector that reported $459K in total revenue in fiscal year 2023. Revenue surged 520% from the prior year, signaling strong growth momentum. The organization ran a surplus of $410K, a strong 89% operating margin.

Mission

PROVIDE EMERGENCY FIRE SUPPRESSION, MEDICAL AND RESCUE SERVICES, AND FIRE PREVENTION EDUCATION TO THE TOWN OF SOUTH BOSTON, VIRGINIA AND HALIFAX COUNTY, VIRGINIA

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $17,702
Program Service Revenue $0
Investment Income $166
Other Revenue $0
TOTAL REVENUE $17,868

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $23,676
TOTAL EXPENSES $23,676

Year-over-Year Comparison

2024 2023 Change
Revenue $17,868 $459,041 -1.0%
Expenses $23,676 $48,587 -0.5%
Net Income $-5,808 $410,454 -1.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
N/A
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RODNEY CROWELL PRESIDENT 3.00
Officer
$0 $0 $0
EVAN IRBY VICE PRESIDENT 2.00
Officer
$0 $0 $0
JOSH BARKLEY SECRETARY 2.00
Officer
$0 $0 $0
IRA NELSON TREASURER 10.00
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 $17,868 $23,676 $690,959 $-5,808
2023 $459,041 $48,587 $670,336 $410,454
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