Salem Volunteer Fire Department Inc (EIN 541157064) - 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

1979

Legal Domicile

Principal Officer

Jonathan Hall

Phone

5408259112

Tax Period

2023-01-01 to 2023-12-31

Salem Volunteer Fire Department Inc, founded in 1979, is a small nonprofit in the Public Safety sector that reported $309K in total revenue in fiscal year 2018. Expenses of $356K exceeded revenue, resulting in a 15% operating deficit.

Mission

Fire fighting and rescue services serving the community of Culpeper County, Virginia.

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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 $332,206

Program Service Revenue $0

Investment Income $4,277

Other Revenue $23,044

TOTAL REVENUE $359,527

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $431,516

Other Expenses $496,367

TOTAL EXPENSES $496,367

Year-over-Year Comparison

	2023	2022	Change
Revenue	$359,527	$305,992	+0.2%
Expenses	$496,367	$425,642	+0.2%
Net Income	$-136,840	$-119,650	+0.1%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
Keith Beebe	Director	Director	$0	$0	$0
Mike Bailey	Chief	Director	$0	$0	$0
Jimmy Shifflett	Director	Director	$0	$0	$0
Jonathan Hall	President	Officer	$0	$0	$0
Todd Shaffer	Vice President	Officer	$0	$0	$0
Deana Shaffer	Secretary	Officer	$0	$0	$0
Jamie Boudreau	Treasurer	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	$359,527	$496,367	$2,357,517	$-136,840
2022	$305,992	$425,642	$2,479,851	$-119,650
2021	$323,531	$319,326	$2,625,855	$4,205
2020	$344,151	$287,976	$2,658,760	$56,175
2019	$388,645	$411,476	$2,638,701	$-22,831
2018	$309,157	$355,903	$2,719,138	$-46,746

Salem Volunteer Fire Department Inc