TANGIER VOLUNTEER FIRE DEPARTMENT INC (EIN 541354235) - 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

1964

Legal Domicile

Principal Officer

DUANE CROCKETT

Phone

7578912347

Tax Period

2024-07-01 to 2025-06-30

TANGIER VOLUNTEER FIRE DEPARTMENT INC, founded in 1964, is a small nonprofit in the Public Safety sector that reported $184K in total revenue in fiscal year 2019. The organization ran a surplus of $59K, a strong 32% operating margin.

Mission

THE TANGIER VOLUNTEER FIRE DEPARTMENT'S MISSION IS TO PROVIDE PROTECTION OF PROPERTY AND LIVES WITHIN AND ABOUT THE COMMUNITY OF TANGIER, 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 (2024)

Revenue Breakdown

Contributions & Grants $175,879

Program Service Revenue $0

Investment Income $0

Other Revenue $-6,325

TOTAL REVENUE $169,554

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,400

Fundraising Expenses $0

Program Expenses $227,810

Other Expenses $215,410

TOTAL EXPENSES $227,810

Year-over-Year Comparison

	2024	2023	Change
Revenue	$169,554	$186,396	-0.1%
Expenses	$227,810	$148,700	+0.5%
Net Income	$-58,256	$37,696	-2.5%

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

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

$12,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL PARKS	CHIEF	10.00	Director	$0	$0	$0
CHARLES JARED PARKS	1ST ASSISTANT CHIEF	10.00	Director	$0	$0	$0
GARY PRUITT	DEPUTY CHIEF	10.00	Director	$0	$0	$0
KEVIN THOMAS	CAPTAIN	10.00	Director	$0	$0	$0
OLIVIA PRUITT	EMS CAPTAIN	10.00	Director	$0	$0	$0
WESLEY PARKS	LIEUTENANT	10.00	Director	$0	$0	$0
COLLIN PARKS	ENGINEER	10.00	Director	$0	$0	$0
CHARLES BRADSHAW	ENGINEER	10.00	Director	$0	$0	$0
DAVID PRUITT SR	PRESIDENT	10.00	Officer	$0	$0	$0
DUANE CROCKETT	TREASURER/BOOKKEEPER	10.00	Officer	$12,400	$0	$12,400
PEYTON PRUITT	SECRETARY	10.00	Officer	$0	$0	$0
MARK CROCKETT	VICE PRESIDENT	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	$169,554	$227,810	$219,548	$-58,256
2024	$186,396	$148,700	$284,098	$37,696
2023	$175,703	$118,131	$252,225	$57,572
2022	$222,713	$154,133	$200,809	$68,580
2021	$155,084	$133,036	$138,174	$22,048
2020	$183,818	$124,403	$122,371	$59,415

TANGIER VOLUNTEER FIRE DEPARTMENT INC