BOONES MILL VOLUNTEER FIRE DEPARTMENT INC (EIN 541289927) - 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

1967

Legal Domicile

Principal Officer

RILEY D PETERS

Phone

5404833091

Tax Period

2023-07-01 to 2024-06-30

BOONES MILL VOLUNTEER FIRE DEPARTMENT, founded in 1967, is a micro nonprofit in the Public Safety sector that reported $93K in total revenue in fiscal year 2018. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $16K, a strong 17% operating margin.

Mission

PROVIDE FIRE PROTECTION SERVICE INCLUDING FIRE PREVENTION AND SAFETY CLASSES FOR THE BOONES MILL AREA OF FRANKLIN COUNTY VIRGINIA

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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 $110,126

Program Service Revenue $0

Investment Income $5,206

Other Revenue $0

TOTAL REVENUE $115,332

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $6,224

Program Expenses $106,937

Other Expenses $107,259

TOTAL EXPENSES $113,161

Year-over-Year Comparison

	2023	2022	Change
Revenue	$115,332	$102,273	+0.1%
Expenses	$113,161	$117,617	0.0%
Net Income	$2,171	$-15,344	-1.1%

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
RILEY D PETERS	FIRE CHIEF	30.00	Officer	$0	$0	$0
CAREY ALTICE	ASSISTANT CHIEF	20.00	Officer	$0	$0	$0
CAREY ALTICE	TREASURER	20.00	Officer	$0	$0	$0
BAYLOR JANNEY	FIRE CAPTAIN	20.00	Officer	$0	$0	$0
MICHAEL THOMAS	SECRETARY	10.00	Officer	$0	$0	$0
CHRISTOPHER RORE	LIEUTENANT	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
2025	No data	No data	No data	No data
2024	$115,332	$113,161	$195,709	$2,171
2023	$102,273	$117,617	$193,538	$-15,344
2021	$102,300	$104,119	$253,047	$-1,819
2020	$90,782	$73,307	$254,177	$17,475
2019	$91,744	$115,987	$251,320	$-24,243
2018	$93,161	$77,409	$275,563	$15,752

BOONES MILL VOLUNTEER FIRE DEPARTMENT INC