SOUTH BOSTON 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

1958

Legal Domicile

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 micro nonprofit in the Public Safety sector that reported $18K in total revenue in fiscal year 2024. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $24K exceeded revenue, resulting in a 33% operating deficit.

Mission

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

Program Service Accomplishments

Program 1

PROVIDE FIRE PREVENTION PROGRAMS TO THE COMMUNITY

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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 (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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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

Total Directors

Key Employees

Highest Compensated

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