PATRICK SPRINGS VOLUNTEER FIRE DEPT INC (EIN 541336306) - 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

1969

Legal Domicile

Principal Officer

MIKE HALL

Phone

2766948359

Tax Period

2023-01-01 to 2023-12-31

PATRICK SPRINGS VOLUNTEER FIRE DEPT INC, founded in 1969, is a micro nonprofit in the Public Safety sector that reported $30K in total revenue in fiscal year 2018. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $72K exceeded revenue, resulting in a 140% operating deficit.

Mission

FIRE PROTECTION. THE DEPARTMENT PROVIDES AND PROMOTES FIRE PROTECTION.

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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 $71,403

Program Service Revenue $0

Investment Income $803

Other Revenue $14,908

TOTAL REVENUE $87,114

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $99,850

Other Expenses $101,220

TOTAL EXPENSES $101,220

Year-over-Year Comparison

	2023	2022	Change
Revenue	$87,114	$93,933	-0.1%
Expenses	$101,220	$91,785	+0.1%
Net Income	$-14,106	$2,148	-7.6%

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

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
CHRIS OWENS	PRESIDENT	15.00	Officer	$0	$0	$0
ELDON CRUISE	VICE PRESIDENT	15.00	Officer	$0	$0	$0
RICKY VERNON	SECRETARY	15.00	Officer	$0	$0	$0
JAMES BRYANT	TREASURER	15.00	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
2024	No data	No data	No data	No data
2023	$87,114	$101,220	$68,821	$-14,106
2022	$93,933	$91,785	$82,880	$2,148
2021	$34,135	$49,497	$80,732	$-15,362
2020	$54,244	$61,645	$96,094	$-7,401
2019	$180,261	$193,045	$103,495	$-12,784
2018	$30,006	$71,957	$116,279	$-41,951

PATRICK SPRINGS VOLUNTEER FIRE DEPT INC