Honaker Volunteer Fire Dept Inc

EIN: 541253215 501(c)(3) Public Safety

Honaker, VA

Total Revenue
$114,575
Total Expenses
$26,434
Total Assets
$426,355
Net Assets
$426,355
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
VA
Principal Officer
William Harrison
Tax Period
2025-01-01 to 2025-12-31

Honaker Volunteer Fire Dept Inc, founded in 1980, is a small nonprofit in the Public Safety sector that reported $115K in total revenue in fiscal year 2025. The organization ran a surplus of $88K, a strong 77% operating margin.

Mission

This fire department is a volunteer organization operating for the purpose of fighting and preventing fires in the Honaker and surrounding areas.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $103,583
Program Service Revenue $0
Investment Income $10,992
Other Revenue $0
TOTAL REVENUE $114,575

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $17,332
Other Expenses $26,434
TOTAL EXPENSES $26,434

Year-over-Year Comparison

2025 2024 Change
Revenue $114,575 N/A N/A
Expenses $26,434 N/A N/A
Net Income $88,141 N/A N/A
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
N/A
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
William Harrison President Chief 10.00
Officer
$0 $0 $0
C H Wallace Asst Chief 6.00
Officer
$0 $0 $0
Bradley Hart Captain 6.00
Officer
$0 $0 $0
William Counts Lieutenant 6.00
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
2025 $114,575 $26,434 $426,355 $88,141
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