HOT SPRINGS FIRE & RESCUE ASSOCIAT… - Form 990 Financial Data

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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

1965

Legal Domicile

Principal Officer

JAY BRYAN

Phone

5408392100

Tax Period

2021-01-01 to 2021-12-31

HOT SPRINGS FIRE & RESCUE ASSOCIATION INC, founded in 1965, is a small nonprofit that reported $199K in total revenue in fiscal year 2021. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $278K exceeded revenue, resulting in a 39% operating deficit.

Mission

TO PROVIDE FIRE SUPPRESSION AND EMERGENCY MEDICAL SERVICES TO THE CITIZENS AND VISITORS OF BATH COUNTY AND ADJACENT AREAS AS REQUESTED.

Program Service Accomplishments

Program 1

Expenses: $252,691

FIRE SUPPRESSION AND EMERGENCY MEDICAL SERVICES

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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%)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $198,457

Program Service Revenue $0

Investment Income $206

Other Revenue $435

TOTAL REVENUE $199,098

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $252,691

Other Expenses $277,700

TOTAL EXPENSES $277,700

Year-over-Year Comparison

	2021	2020	Change
Revenue	$199,098	$163,459	+0.2%
Expenses	$277,700	$226,207	+0.2%
Net Income	$-78,602	$-62,748	+0.3%

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
MIKE SPURGEON	PRESIDENT	5.00	Officer Director	$0	$0	$0
STEVE SWEITZEN	FIRE DEPT VI	5.00	Officer Director	$0	$0	$0
DEBBIE YOUNG	RESCUE VICE	5.00	Officer Director	$0	$0	$0
JAY BRYAN	FIRE DEPT SE	5.00	Officer Director	$0	$0	$0
SARAH BURNS	RESCUE SEC/T	5.00	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
2021	$199,098	$277,700	$1,048,852	$-78,602
2020	$163,459	$226,207	$1,127,454	$-62,748
2019	$102,639	$222,363	$1,190,202	$-119,724

HOT SPRINGS FIRE & RESCUE ASSOCIATION INC