BOONSBORO VOLUNTEER FIRE & RESCUE COMPANY INC (EIN 541372716) - 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

1961

Legal Domicile

Principal Officer

CHARLES BURTON

Phone

4343840061

Tax Period

2024-01-01 to 2024-12-31

BOONSBORO VOLUNTEER FIRE & RESCUE COMPANY INC, founded in 1961, is a small nonprofit that reported $304K in total revenue in fiscal year 2017. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $84K, a strong 28% operating margin.

Mission

THE BOONSBORO VOLUNTEER FIRE AND RESCUE COMPANY IS A COMMMITTED FAMILY OF VOLUNTEERS ORGANIZED TO ENSURE THAT OUR NEIGHBORS RECEIVE THE HIGHEST PROFESSIONAL LEVEL OF EMERGENCY SERVICES POSSIBLE. THROUGH OUR TRAINING AND COMMITMENT TO EXCELLENCE, WE STRIVE TO PROTECT AND PROMOTE SAFETY AND SECURITY WITHIN OUR COMMUNITY.

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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 $293,483

Program Service Revenue $0

Investment Income $61,037

Other Revenue $4,727

TOTAL REVENUE $359,247

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $4,075

Program Expenses $383,510

Other Expenses $391,785

TOTAL EXPENSES $391,785

Year-over-Year Comparison

	2024	2023	Change
Revenue	$359,247	$416,830	-0.1%
Expenses	$391,785	$378,404	+0.0%
Net Income	$-32,538	$38,426	-1.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT BAKER	DIRECTOR	N/A	Director	$0	$0	$0
CHUCK BENNETT	DIRECTOR	N/A	Director	$0	$0	$0
BOB BLAIR	DIRECTOR	N/A	Director	$0	$0	$0
RICHARD DICKIE BURGE	DIRECTOR	N/A	Director	$0	$0	$0
DEAN BURGESS	DIRECTOR	N/A	Director	$0	$0	$0
ED BURNETTE	DIRECTOR	N/A	Director	$0	$0	$0
CHARLES BURTON	PRESIDENT	N/A	Officer Director	$0	$0	$0
GLORIA DAVIS	DIRECTOR	N/A	Director	$0	$0	$0
NANCY DOWNEY	DIRECTOR	N/A	Director	$0	$0	$0
DR DAN GRABEEL	DIRECTOR	N/A	Director	$0	$0	$0
SANDY JARELS	SECRETARY	N/A	Officer Director	$0	$0	$0
GRACE JONES	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT ROBERTSON	DIRECTOR	N/A	Director	$0	$0	$0
BILL SIMS	DIRECTOR	N/A	Director	$0	$0	$0
SUSAN SPENCER	TREASURER	N/A	Officer Director	$0	$0	$0
SALLY STEEL	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
DARRELL TEMPLETON	DIRECTOR	N/A	Director	$0	$0	$0
KEITH WRIGHT	DIRECTOR	N/A	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	$359,247	$391,785	$1,305,265	$-32,538
2023	$416,830	$378,404	$1,333,397	$38,426
2022	$243,008	$341,210	$1,307,622	$-98,202
2021	$299,283	$328,627	$1,412,976	$-29,344
2020	$227,361	$304,577	$1,454,202	$-77,216
2019	$272,257	$254,553	$1,549,398	$17,704
2018	$303,659	$220,110	$1,532,313	$83,549

BOONSBORO VOLUNTEER FIRE & RESCUE COMPANY INC