PARKSLEY VOLUNTEER FIRE DEPARTMENT

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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

1935

Legal Domicile

Principal Officer

RICKY TAYLOR

Phone

7577105557

Tax Period

2020-01-01 to 2020-12-31

PARKSLEY VOLUNTEER FIRE DEPARTMENT, founded in 1935, is a small nonprofit that reported $448K in total revenue in fiscal year 2020. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $106K, a strong 24% operating margin.

Mission

THE ORGANIZATION IS A VOLUNTEER FIRE COMPANY ORGANIZED FOR THE PURPOSE OF PROVIDING PROTECTION OF PROPERTY AND LIVES IN THE SURROUNDING AREAS.

Program Service Accomplishments

Program 1

Expenses: $341,352 Revenue: $192,681

THE ORGANIZATION PROVIDES FIRE AND EMERGENCY RESCUE SERVICE TO THE LOCAL COMMUNITY.

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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 (2020)

Revenue Breakdown

Contributions & Grants $257,273

Program Service Revenue $188,620

Investment Income $101

Other Revenue $1,561

TOTAL REVENUE $447,555

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $341,352

Other Expenses $341,352

TOTAL EXPENSES $341,352

Year-over-Year Comparison

	2020	2019	Change
Revenue	$447,555	$494,029	-0.1%
Expenses	$341,352	$356,735	0.0%
Net Income	$106,203	$137,294	-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
RONNIE MATTHEWS	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER KIRKPATRICK	RESCUE CAPTAIN	1.00	Director	$0	$0	$0
JOHN DENNIS	DIRECTOR	1.00	Director	$0	$0	$0
E PARKS PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
WILLIE KIRKPATRICK	CHIEF	1.00	Director	$0	$0	$0
RICHARD TURNER	DIRECTOR	1.00	Director	$0	$0	$0
MAEGAN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
FRED MATTHEWS	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
FRANK HURST	DIRECTOR	1.00	Director	$0	$0	$0
ELWOOD TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
ERIC SCHLIEF	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM JUSTIS	DIRECTOR	1.00	Director	$0	$0	$0
DARYN FUSSELL	PRESIDENT	12.00	Officer	$0	$0	$0
MIKE TURNER SR	VICE PRESIDENT	4.00	Officer	$0	$0	$0
RICHARD TAYLOR	TREASURER	4.00	Officer	$0	$0	$0
LINDA RUSSELL	SECRETARY	4.00	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
2020	$447,555	$341,352	$1,655,936	$106,203
2019	$494,029	$356,735	$1,549,733	$137,294