Patrick-Henry Volunteer Fire Company Inc (EIN 541304736) - 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

1971

Legal Domicile

Principal Officer

Tommy Hudson

Phone

2766291543

Tax Period

2024-01-01 to 2024-12-31

PATRICK-HENRY VOLUNTEER FIRE COMPANY INC, founded in 1971, is a small nonprofit in the Public Safety sector that reported $145K in total revenue in fiscal year 2018. Revenue decreased 7% compared to the prior year. Expenses of $128K left a modest 11% surplus.

Mission

Fire Department

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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 (2024)

Revenue Breakdown

Contributions & Grants $326,509

Program Service Revenue $0

Investment Income $3,165

Other Revenue $13,889

TOTAL REVENUE $343,563

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $126,485

Other Expenses $131,072

TOTAL EXPENSES $131,072

Year-over-Year Comparison

	2024	2023	Change
Revenue	$343,563	$96,414	+2.6%
Expenses	$131,072	$170,538	-0.2%
Net Income	$212,491	$-74,124	-3.9%

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

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
Tommy Hudson	President	2.00	Officer Director	$0	$0	$0
Dee West	Vice President	2.00	Officer Director	$0	$0	$0
Tonya Dehne	Secretary	2.00	Officer Director	$0	$0	$0
Jerry Adams	Director	2.00	Director	$0	$0	$0
Jim Adams	Director	2.00	Director	$0	$0	$0
Noel Adams	Director	2.00	Director	$0	$0	$0
Lonnie Cassell	Director	2.00	Director	$0	$0	$0
Shawn Dehne	Director	2.00	Director	$0	$0	$0
Geneva Goad	Director	2.00	Director	$0	$0	$0
Dan Howell	Director	2.00	Director	$0	$0	$0
Rodney Howell	Director	2.00	Director	$0	$0	$0
Mike Hudson	Director	2.00	Director	$0	$0	$0
Wayne Martin	Director	2.00	Director	$0	$0	$0
Dale Harris	Director	2.00	Director	$0	$0	$0
Grady Ratliff	Director	2.00	Director	$0	$0	$0
Donald Turner	Director	2.00	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	$343,563	$131,072	$666,756	$212,491
2023	$96,414	$170,538	$454,265	$-74,124
2022	$171,109	$184,205	$528,389	$-13,096
2021	$312,068	$149,120	$541,485	$162,948
2020	$111,590	$131,042	$378,537	$-19,452
2019	$121,832	$159,668	$397,989	$-37,836
2018	$144,893	$128,451	$435,825	$16,442

Patrick-Henry Volunteer Fire Company Inc