Franconia Volunteer Fire Department

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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

1936

Legal Domicile

Principal Officer

Deborah R Volker

Phone

7039715858

Tax Period

2023-01-01 to 2023-12-31

Franconia Volunteer Fire Department, founded in 1936, is a small nonprofit that reported $704K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $601K left a modest 15% surplus.

Mission

Provide firefighting, rescue and emergency medical services to the Franconia community in Fairfax County, VA. Maintain Fire Station 5 and purchase emergency vehicles for Fire Stations 5 and 37. Provide volunteer firefighters, paramedics and emergency medical technicians to supplement Fairfax County career fire and rescue personnel in responding to emergency calls and to staff medical safety stations at various community events.

Program Service Accomplishments

Program 1

Expenses: $361,236

Depreciation Expenses: FVFD depreciated the building and various improvements over a period of 30 years fire trucks and engines over a period of 20 years ambulances over a period of 10 years other...

Depreciation Expenses: FVFD depreciated the building and various improvements over a period of 30 years fire trucks and engines over a period of 20 years ambulances over a period of 10 years other service vehicles over a period of 10 years leasehold improvements over a period of 20 years and furniture and other assets over a period of 5-20 years. In 2023, FVFD had a vehicle fleet that included a 51 stake in a tower truck, 3 fire engines, 4 ambulances, brush truck, command utility and general utility. FVFD received $70,000 in grants from Fairfax County, VA to apply to principal balances on outstanding loans for the tower truck at Station 5 and front-line ambulance for Station 37; FVFD retired the loan for the tower truck in 2023 and closed on the loan for the Station 37 ambulance. For building capital improvements, FVFD continued replacing fluorescent lamps with LED fixtures.

Program 2

Expenses: $88,405

Building Maintenance: In 2023, FVFD contracted out all corrective and preventive maintenance for the HVAC and plumbing systems, corrective maintenance for electrical system and appliances janitorial services and supplies to support volunteer operations and snow removal and groundskeeping. Additionally, FVFD contracted a professional architect who subcontracted professional mechanical and electrical engineers to do an assessment of the building HVAC and electrical systems to determine the required upgrades to extend the life of the building.

Program 3

Expenses: $20,488

Special Events/Installation: FVFD held their annual Installation Dinner for installation of board members and officers. The dinner featured recognition and awards to volunteers for their service.

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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 (2023)

Revenue Breakdown

Contributions & Grants $190,450

Program Service Revenue $0

Investment Income $15,690

Other Revenue $498,230

TOTAL REVENUE $704,370

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $486,657

Other Expenses $593,937

TOTAL EXPENSES $600,737

Year-over-Year Comparison

	2023	2022	Change
Revenue	$704,370	$621,727	+0.1%
Expenses	$600,737	$585,152	+0.0%
Net Income	$103,633	$36,575	+1.8%

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

N/A

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
Deborah R Volker	President	Director	$0	$0	$0
Jason Farrar	Vice President	Director	$0	$0	$0
John Swanson	Treasurer	Director	$0	$0	$0
Daniel Liebman	Secretary	Director	$0	$0	$0
Tim Fleming	Director	Director	$0	$0	$0
Steve Chen	Director	Director	$0	$0	$0
Nora Taktajian	Director	Director	$0	$0	$0
Ashley Allen	Director	Director	$0	$0	$0
Khoa Tran	Director	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
2024	No data	No data	No data	No data
2023	$704,370	$600,737	$4,667,398	$103,633
2023	$709,660	$601,982	$4,664,759	$107,678
2022	$621,727	$585,152	$4,444,459	$36,575
2021	$622,914	$503,927	$4,544,360	$118,987
2020	$563,236	$426,929	$4,571,957	$136,307