GLADYS VOLUNTEER FIRE DEPARTMENT (EIN 541053172) - 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

1958

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

GLADYS VOLUNTEER FIRE DEPARTMENT, founded in 1958, is a micro nonprofit in the Public Safety sector that reported $75K in total revenue in fiscal year 2019. Expenses of $146K exceeded revenue, resulting in a 94% operating deficit.

Mission

PROVIDE FIRE SUPPRESSION AND EMERGENCY AID SERVICES TO THE GENERAL PUBLIC.

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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 $153,308

Program Service Revenue $0

Investment Income $2,953

Other Revenue $5,069

TOTAL REVENUE $161,330

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $175,301

Other Expenses $175,301

TOTAL EXPENSES $175,301

Year-over-Year Comparison

	2023	2022	Change
Revenue	$161,330	$183,463	-0.1%
Expenses	$175,301	$126,600	+0.4%
Net Income	$-13,971	$56,863	-1.2%

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
CARTER ROAKES	DIRECTOR	2.00	Director	$0	$0	$0
JAMES BOOKER	DIRECTOR	2.00	Director	$0	$0	$0
LYNN BOTELER	DIRECTOR	2.00	Director	$0	$0	$0
WALTER BASS JR	CHAIRMANDIR	2.00	Director	$0	$0	$0
SCOTT HORSEMAN	DIRECTOR	3.00	Director	$0	$0	$0
VICKI HORSEMAN	TREASURER	2.00	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	$161,330	$175,301	$668,832	$-13,971
2022	$183,463	$126,600	$682,803	$56,863
2021	$102,140	$121,957	$625,940	$-19,817
2020	$121,251	$119,127	$645,757	$2,124
2019	$75,130	$145,840	$643,633	$-70,710

GLADYS VOLUNTEER FIRE DEPARTMENT