BOONSBORO VOLUNTEER FIRE & RESCUE COMPANY INC

EIN: 541372716 501(c)(3)

LYNCHBURG, VA

Total Revenue
$351,052
Total Expenses
$387,285
Total Assets
$1,269,892
Net Assets
$1,221,400
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
VA
Principal Officer
GRACE JONES
Phone
4343840061
Tax Period
2025-01-01 to 2025-12-31

BOONSBORO VOLUNTEER FIRE & RESCUE COMPANY INC, founded in 1961, is a small nonprofit that reported $351K in total revenue in fiscal year 2025. Expenses of $387K exceeded revenue, resulting in a 10% operating deficit.

Mission

THE BOONSBORO VOLUNTEER FIRE AND RESCUE COMPANY IS A COMMITTED 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.

Program Service Accomplishments

Program 1
Expenses: $380,303

TO PROVIDE FIRE PROTECTION, LIFESAVING, AND FIRST-AID TREATMENT IN CASE OF EMERGENCIES AND IN THE ABSENCE OF QUALIFIED PRACTITIONERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $352,502
Program Service Revenue $0
Investment Income $-4,232
Other Revenue $2,782
TOTAL REVENUE $351,052

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $2,782
Program Expenses $380,303
Other Expenses $387,285
TOTAL EXPENSES $387,285

Year-over-Year Comparison

2025 2024 Change
Revenue $351,052 $359,247 0.0%
Expenses $387,285 $391,785 0.0%
Net Income $-36,233 $-32,538 +0.1%
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

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Governance

Voting Members
18
Independent Members
18
Employees
N/A
Volunteers
20

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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
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
RICHARD DICKIE BURGE DIRECTOR N/A
Director
$0 $0 $0
DEAN BURGESS DIRECTOR N/A
Director
$0 $0 $0
GLORIA DAVIS DIRECTOR N/A
Director
$0 $0 $0
NANCY DOWNEY DIRECTOR N/A
Director
$0 $0 $0
GRACE JONES PRESIDENT N/A
Officer Director
$0 $0 $0
KIM SAVILLE SECRETARY N/A
Officer 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
2025 $351,052 $387,285 $1,269,892 $-36,233
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
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