Carrollton Volunteer Fire Department Inc (EIN 541052865) - 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

Keith Johnson

Phone

7572383657

Tax Period

2024-07-01 to 2025-06-30

Carrollton Volunteer Fire Department Inc, founded in 1966, is a small nonprofit in the Public Safety sector that reported $212K in total revenue in fiscal year 2018. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $264K exceeded revenue, resulting in a 25% operating deficit.

Mission

Preserve and protect life and property during emergencies and disasters in Isle of Wight County, VA and municipalities requesting service

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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 (2024)

Revenue Breakdown

Contributions & Grants $264,114

Program Service Revenue $0

Investment Income $115,977

Other Revenue $0

TOTAL REVENUE $380,091

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $409,293

Other Expenses $412,893

TOTAL EXPENSES $412,893

Year-over-Year Comparison

	2024	2023	Change
Revenue	$380,091	$250,504	+0.5%
Expenses	$412,893	$379,476	+0.1%
Net Income	$-32,802	$-128,972	-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

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
Mark Bender	President	12.00	Officer	$0	$0	$0
Nicholas Mantel	Vice President	12.00	Officer	$0	$0	$0
George Petrakos	Secretary	8.00	Officer	$0	$0	$0
Keith Johnson	Treasurer	8.00	Officer	$0	$0	$0
Gauge Ruane	Member at large	8.00	Officer	$0	$0	$0
Caleb Tower	Member at large	8.00	Officer	$0	$0	$0
Mason Halsey	Member at large	8.00	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
2025	$380,091	$412,893	$2,088,950	$-32,802
2024	$250,504	$379,476	$2,121,752	$-128,972
2023	$255,423	$450,584	$2,250,724	$-195,161
2022	$217,466	$372,159	$2,445,885	$-154,693
2021	$286,605	$282,353	$956,178	$4,252
2020	$307,096	$306,602	$951,926	$494
2019	$211,666	$263,798	$951,432	$-52,132

Carrollton Volunteer Fire Department Inc