FAIRYSTONE VOLUNTEER FIRE DEPARTMENT INC (EIN 541168041) - 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

1981

Legal Domicile

Principal Officer

CLYDE THOMAS

Phone

2769302113

Tax Period

2023-01-01 to 2023-12-31

FAIRYSTONE VOLUNTEER FIRE DEPARTMENT INC, founded in 1981, is a micro nonprofit in the Public Safety sector that reported $56K in total revenue in fiscal year 2018. Expenses of $64K exceeded revenue, resulting in a 13% operating deficit.

Mission

THE FAIRYSTONE VOLUNTEER FIRE DEPARTMENT SERVES THE COMMUNITIES OF ELAMSVILLE, FAIRYSTONE, UNION BRIDGE AND POLE BRIDGE IN PATRICK COUNTY, VA BY PRESERVING LIFE AND PROPERTY THROUGH FIRE PROTECTION AND 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 (2023)

Revenue Breakdown

Contributions & Grants $23,606

Program Service Revenue $0

Investment Income $234

Other Revenue $12,516

TOTAL REVENUE $36,356

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $80,005

Other Expenses $81,355

TOTAL EXPENSES $81,355

Year-over-Year Comparison

	2023	2022	Change
Revenue	$36,356	$86,211	-0.6%
Expenses	$81,355	$68,730	+0.2%
Net Income	$-44,999	$17,481	-3.6%

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
CLYDE THOMAS	PRESEDENT	15.00	Officer	$0	$0	$0
BRIAN PHILLIPS	VICE PRESIDENT	10.00	Officer	$0	$0	$0
JERRY WILLIAMS	TREASURER	15.00	Officer	$0	$0	$0
JESSICA PHILLIPS	SECRETARY	10.00	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	$36,356	$81,355	$404,191	$-44,999
2022	$86,211	$68,730	$449,166	$17,481
2021	$28,945	$58,041	$433,800	$-29,096
2020	$69,503	$66,935	$462,896	$2,568
2019	$102,868	$58,799	$460,328	$44,069
2018	$56,326	$63,773	$416,230	$-7,447

FAIRYSTONE VOLUNTEER FIRE DEPARTMENT INC