OAKWOOD VOLUNTEER FIRE DEPARTMENT INCORPORATED

EIN: 541237031 501(c)(3) Public Safety

OAKWOOD, VA

Total Revenue
$969,746
Total Expenses
$1,021,491
Total Assets
$784,715
Net Assets
$759,877
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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
1964
Legal Domicile
VA
Principal Officer
JEREMY COOK
Tax Period
2023-07-01 to 2024-06-30

OAKWOOD VOLUNTEER FIRE DEPARTMENT INCORPORATED, founded in 1964, is a small nonprofit in the Public Safety sector that reported $970K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

THE ORGANIZATION OPERATES A VOLUNTEER FIRE AND RESCUE SQUAD, SERVING RESIDENTS OF BUCHANAN COUNTY, VIRGINIA.

Program Service Accomplishments

Program 1
Expenses: $442,806

DURING THE YEAR THE ORGANIZATION RESPONDED TO MANY CALLS FOR FIRE AND RESCUE SUPPORT. BESIDES THE ORDINARY EXPENSES ASSOCIATED WITH ITS FIRE AND RESCUE MISSION THE ORGANIZATION EXPENDS MONEY FOR THE...

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DURING THE YEAR THE ORGANIZATION RESPONDED TO MANY CALLS FOR FIRE AND RESCUE SUPPORT. BESIDES THE ORDINARY EXPENSES ASSOCIATED WITH ITS FIRE AND RESCUE MISSION THE ORGANIZATION EXPENDS MONEY FOR THE UPKEEP OF ITS PROPERTY, VEHICLES, AND EQUIPMENT, INCLUDING DEPRECIATION ON THESE ASSETS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $105,679
Program Service Revenue $864,051
Investment Income $16
Other Revenue $0
TOTAL REVENUE $969,746

Expense Breakdown

Grants Paid $0
Salaries & Benefits $601,812
Fundraising Expenses $0
Program Expenses $975,619
Other Expenses $419,679
TOTAL EXPENSES $1,021,491

Year-over-Year Comparison

2023 2022 Change
Revenue $969,746 $799,693 +0.2%
Expenses $1,021,491 $915,622 +0.1%
Net Income $-51,745 $-115,929 -0.6%
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

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Governance

Voting Members
5
Independent Members
5
Employees
12
Volunteers
12

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
5
$111,727
Total Directors
5
$111,727
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LUKAS SHORTT VICE PRESIDE 40.00
Officer Director
$57,557 $0 $57,557
JEREMY COOK PRESIDENT 40.00
Officer Director
$54,170 $0 $54,170
BOBBY ANDERSON LIEUTENANT 2.00
Officer Director
$0 $0 $0
MITCH BOSTWICK SECRETARY 2.00
Officer Director
$0 $0 $0
JASON THOMAS VICE PRES 2.00
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
2025 No data No data No data No data
2024 $969,746 $1,021,491 $784,715 $-51,745
2023 $799,693 $915,622 $820,631 $-115,929
2022 $1,225,489 $803,986 $953,709 $421,503
2021 $650,299 $572,408 $539,670 $77,891
2020 $408,844 $243,304 $468,607 $165,540
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