BOILING SPRINGS VOLUNTEER FIRE DEPARTMENT AND RESCUE SQUAD (EIN 541115823) - 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

1962

Legal Domicile

Principal Officer

MARK WOLFE

Phone

5407474081

Tax Period

2022-07-01 to 2023-06-30

BOILING SPRINGS VOLUNTEER FIRE DEPARTMENT AND RESCUE SQUAD, founded in 1962, is a small nonprofit in the Public Safety sector that reported $110K in total revenue in fiscal year 2018. Revenue surged 22% from the prior year, signaling strong growth momentum. Net assets of $478K represent 52 months of operating reserves.

Mission

PROVIDING FIRE AND RESCUE 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 (2022)

Revenue Breakdown

Contributions & Grants $163,338

Program Service Revenue $668

Investment Income $17

Other Revenue $15,506

TOTAL REVENUE $179,529

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $116,671

Other Expenses $120,431

TOTAL EXPENSES $120,431

Year-over-Year Comparison

	2022	2021	Change
Revenue	$179,529	$117,236	+0.5%
Expenses	$120,431	$129,098	-0.1%
Net Income	$59,098	$-11,862	-6.0%

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

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
ELIZABETH MARTIN	SECRETARY	N/A	Officer Director	$0	$0	$0
KEN MARTIN	PRESIDENT	N/A	Officer Director	$0	$0	$0
BRENDA WILCHER	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
MARK WOLFE	TREASURER	N/A	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$179,529	$120,431	$595,189	$59,098
2022	$117,236	$129,098	$536,091	$-11,862
2021	$166,625	$106,490	$547,953	$60,135
2020	$113,999	$104,310	$487,818	$9,689
2019	$110,344	$110,058	$478,129	$286

BOILING SPRINGS VOLUNTEER FIRE DEPARTMENT AND RESCUE SQUAD