Bloxom Volunteer Fire Co Inc

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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

1954

Legal Domicile

Principal Officer

James Bagwell

Phone

7576654651

Tax Period

2025-01-01 to 2025-12-31

Bloxom Volunteer Fire Co Inc, founded in 1954, is a small nonprofit in the Public Safety sector that reported $749K in total revenue in fiscal year 2025. Revenue surged 158% from the prior year, signaling strong growth momentum. The organization ran a surplus of $318K, a strong 42% operating margin.

Mission

To provide fire and rescue service to the surrounding community.

Program Service Accomplishments

Program 1

Expenses: $428,443 Revenue: $748,502

Firefighting, fire prevention, rescue, and first responder medical services. Served central Accomack County and provided mutual aid to other community fire and rescue departments.

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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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $232,595

Program Service Revenue $12,722

Investment Income $36,000

Other Revenue $467,185

TOTAL REVENUE $748,502

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,442

Program Expenses $428,443

Other Expenses $428,443

TOTAL EXPENSES $430,885

Year-over-Year Comparison

	2025	2024	Change
Revenue	$748,502	$290,278	+1.6%
Expenses	$430,885	$373,239	+0.2%
Net Income	$317,617	$-82,961	-4.8%

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

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
Kenneth Midgett	President	020.00	Officer Director	$0	$0	$0
Tommy Bagwell	Vice-President	020.00	Officer Director	$0	$0	$0
James Bagwell II	Treasurer	020.00	Officer Director	$0	$0	$0
Charlene Bagwell	Sectretary	020.00	Officer 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	$748,502	$430,885	$1,865,298	$317,617
2024	No data	No data	No data	No data
2023	$366,672	$435,530	$1,723,297	$-68,858
2022	$393,678	$346,011	$1,875,892	$47,667
2021	$253,130	$370,756	$1,525,386	$-117,626
2020	$329,040	$420,280	$1,657,583	$-91,240
2019	$454,878	$387,419	$1,815,400	$67,459
2018	$355,936	$383,761	$1,698,731	$-27,825