BOYDTON VOLUNTEER FIRE DEPT INC (EIN 541578336) - 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

2001

Legal Domicile

Principal Officer

EUGENE COLEMAN

Phone

4347389380

Tax Period

2024-01-01 to 2024-12-31

BOYDTON VOLUNTEER FIRE DEPT INC, founded in 2001, is a small nonprofit that reported $261K in total revenue in fiscal year 2018. Revenue grew 19% year-over-year, indicating healthy expansion. Net assets of $953K represent 44 months of operating reserves.

Mission

FIRE PREVENTION & COMMUNITY AWARENESS

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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 $229,038

Program Service Revenue $0

Investment Income $10,216

Other Revenue $91,520

TOTAL REVENUE $330,774

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $14,057

Program Expenses $175,214

Other Expenses $189,271

TOTAL EXPENSES $189,271

Year-over-Year Comparison

	2024	2023	Change
Revenue	$330,774	$265,024	+0.2%
Expenses	$189,271	$149,114	+0.3%
Net Income	$141,503	$115,910	+0.2%

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
GARY ALEXANDER	DIRECTOR	5.00	Director	$0	$0	$0
TONY CARTER	DIRECTOR	5.00	Director	$0	$0	$0
BRENT BRANDON COLEMAN	LIEUTENANT	5.00	Director	$0	$0	$0
THOMAS COLEMAN	ASSISTANT CH	6.00	Director	$0	$0	$0
CRAIG DUCK	CAPTAIN	5.00	Director	$0	$0	$0
HOWARD FISHER	LIEUTENANT	5.00	Director	$0	$0	$0
JOHNNY MEDLIN	DIRECTOR	5.00	Director	$0	$0	$0
ALAN PANTHER	LIEUTENANT	5.00	Director	$0	$0	$0
MARK PARRISH	CHIEF	6.00	Director	$0	$0	$0
BILL COLEMAN	TREASURER	6.00	Officer	$0	$0	$0
EUGENE COLEMAN	PRESIDENT	5.00	Officer	$0	$0	$0
KYLE ROUSCH	SECRETARY	5.00	Officer	$0	$0	$0
RONALD WORLEY	VICE PRESIDE	5.00	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
2024	$330,774	$189,271	$1,742,701	$141,503
2023	$265,024	$149,114	$1,601,198	$115,910
2022	$441,174	$149,135	$1,485,287	$292,039
2021	$224,479	$106,765	$1,193,250	$117,714
2020	$186,566	$115,167	$1,075,535	$71,399
2019	$203,367	$152,625	$1,004,136	$50,742
2018	$260,547	$256,766	$953,393	$3,781

BOYDTON VOLUNTEER FIRE DEPT INC