READ MOUNTAIN FIRE COMPANY

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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

1991

Legal Domicile

Principal Officer

DAVID SULPUZI

Phone

5405248250

Tax Period

2024-07-01 to 2025-06-30

READ MOUNTAIN FIRE COMPANY, founded in 1991, is a micro nonprofit that reported $314 in total revenue in fiscal year 2024. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $12K exceeded revenue, resulting in a 3601% operating deficit.

Mission

PROVIDE FIRE AND RESCUE SERVICES TO PORTIONS OF BOTETOURT AND ROANOKE COUNTIES

Program Service Accomplishments

Program 1

Expenses: $1,939

READ MOUNTAIN FIRE AND RESCUE SQUAD IS AN EMERGENCY UNIT WHICH IS STAFFED BY VOLUNTEERS THAT BENEFIT 15,000 INDIVIDUALS AND VARIOUS BUSINESSESS IN EAST ROANOKE COUNTY AND BOTETOURT COUNTY, VIRGINIA

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $314

Other Revenue $0

TOTAL REVENUE $314

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,939

Other Expenses $11,622

TOTAL EXPENSES $11,622

Year-over-Year Comparison

	2024	2023	Change
Revenue	$314	$54,048	-1.0%
Expenses	$11,622	$34,229	-0.7%
Net Income	$-11,308	$19,819	-1.6%

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
BAILEY HAGERMAN	PRESIDENT	020.00	Officer Director	$0	$0	$0
DESARAY WHEELER	VICE PRESIDENT	020.00	Officer Director	$0	$0	$0
SHAY LESTER	SECRETARY	020.00	Officer Director	$0	$0	$0
DAVID SULPUZI	TREASURER	020.00	Officer Director	$0	$0	$0
SKIP SIMMONS	MEMBER AT LARGE	020.00	Director	$0	$0	$0
ADAM DICKERSON	CHIEF	020.00	Director	$0	$0	$0
AARON HAGERMAN	DEPUTY CHIEF	020.00	Director	$0	$0	$0
VACANT	CAPTAIN	020.00	Director	$0	$0	$0
RYAN BALDWIN	LIEUTENANT	020.00	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	$314	$11,622	No data	$-11,308
2024	$54,048	$34,229	$542,466	$19,819
2023	$64,273	$56,641	$602,647	$7,632
2022	$71,946	$44,648	$594,959	$27,298
2021	$54,687	$49,584	$567,661	$5,103
2020	$55,396	$71,390	$562,558	$-15,994
2019	$69,857	$106,939	$578,552	$-37,082