BOILING SPRINGS VOLUNTEER FIRE DEPARTMENT AND RESCUE SQUAD

EIN: 541115823 501(c)(3) Public Safety

COVINGTON, VA

Total Revenue
$179,529
Total Expenses
$120,431
Total Assets
$595,189
Net Assets
$595,189
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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
1962
Legal Domicile
VA
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 $180K in total revenue in fiscal year 2022. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $59K, a strong 33% operating margin.

Mission

PROVIDING FIRE AND RESCUE SERVICE

Program Service Accomplishments

Program 1
Expenses: $116,671

SERVES BOILING SPRINGS DISTRICT OF ALLEGHANY COUNTY. THE DEPARTMENT ANSWERS APPROXIMATELY 250-300 CALLS PER YEAR WITH AN ALL VOLUNTEER SQUAD FUNDED PRIMARILY BY ALLEGHANY COUNTY. THERE ARE...

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SERVES BOILING SPRINGS DISTRICT OF ALLEGHANY COUNTY. THE DEPARTMENT ANSWERS APPROXIMATELY 250-300 CALLS PER YEAR WITH AN ALL VOLUNTEER SQUAD FUNDED PRIMARILY BY ALLEGHANY COUNTY. THERE ARE APPROXIMATELY 40-45 VOLUNTEER MEMBERS.

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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%)

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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

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Governance

Voting Members
30
Independent Members
30
Employees
N/A
Volunteers
40

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
4
$0
Key Employees
0
$0
Highest Compensated
0
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
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