COURTLAND VOLUNTEER FIRE DEPTINC (EIN 541556357) - 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

1974

Legal Domicile

Principal Officer

JUSTIN FORREST

Phone

7573779666

Tax Period

2023-07-01 to 2024-06-30

COURTLAND VOLUNTEER FIRE DEPTINC, founded in 1974, is a small nonprofit in the Public Safety sector that reported $115K in total revenue in fiscal year 2018. Revenue decreased 8% compared to the prior year. Expenses of $128K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO MAINTAIN A STATE OF READINESS TO FIGHT FIRES AND RESPOND TO EMERGENCIES IN THE TOWN OF COURTLAND AND SOUTHAMPTON COUNTY VIRGINIA BY TRAINING PERSONNEL AND MAINTAINING EQUIPMENT.

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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 $275,347

Program Service Revenue $0

Investment Income $472

Other Revenue $31,083

TOTAL REVENUE $306,902

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $139,173

Other Expenses $148,058

TOTAL EXPENSES $148,058

Year-over-Year Comparison

	2023	2022	Change
Revenue	$306,902	$35,091	+7.7%
Expenses	$148,058	$55,026	+1.7%
Net Income	$158,844	$-19,935	-9.0%

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
JUSTIN FORREST	FIRE CHIEF	5.00	Officer	$0	$0	$0
MATT NIXON	ASSISTANT CH	5.00	Officer	$0	$0	$0
NED LANKFORD	CAPTAIN	5.00	Officer	$0	$0	$0
BRIAN FUTRELL	PRESIDENT	5.00	Officer	$0	$0	$0
GREG VICK	VICE PRESIDE	5.00	Officer	$0	$0	$0
HALEY HOLLAND	SECRETARY	5.00	Officer	$0	$0	$0
ZACHARY BARND	TREASURER	5.00	Officer	$0	$0	$0
CHASE JOHNSON	MEMBER AT LA	N/A	Director	$0	$0	$0
JOEY MOORE	MEMBER AT LA	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	No data	No data	No data	No data
2024	$306,902	$148,058	$554,749	$158,844
2022	$134,338	$120,453	$456,177	$13,885
2021	$136,602	$152,739	$469,747	$-16,137
2020	$119,762	$130,556	$512,158	$-10,794
2019	$109,468	$114,885	$548,124	$-5,417
2018	$114,954	$128,057	$582,272	$-13,103

COURTLAND VOLUNTEER FIRE DEPTINC