FABER VOLUNTEER FIRE DEPT INC (EIN 541627187) - 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

2000

Legal Domicile

Principal Officer

ALLEN HALE

Phone

4342638671

Tax Period

2024-01-01 to 2024-12-31

FABER VOLUNTEER FIRE DEPT, founded in 2000, is a micro nonprofit in the Public Safety sector that reported $60K in total revenue in fiscal year 2019. Revenue fell 91% from the prior year — a significant decline worth monitoring. Expenses of $91K exceeded revenue, resulting in a 51% operating deficit.

Mission

TO PROVIDE FIRE AND RESCUE SERVICES TO NELSON COUNTY VA AND SURROUNDING AREAS AS NEEDED.

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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 $184,018

Program Service Revenue $0

Investment Income $1,030

Other Revenue $0

TOTAL REVENUE $185,048

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,188

Program Expenses $142,900

Other Expenses $149,027

TOTAL EXPENSES $149,027

Year-over-Year Comparison

	2024	2023	Change
Revenue	$185,048	$71,881	+1.6%
Expenses	$149,027	$136,324	+0.1%
Net Income	$36,021	$-64,443	-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

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
HARRY POWELL	PRESIDENT	1.00	Officer	$0	$0	$0
BILL KING	TREASURER	1.00	Officer	$0	$0	$0
ALLEN HALE	TREASURER	2.00	Officer	$0	$0	$0
NEVA COOK	SECRETARY	1.00	Officer	$0	$0	$0
RAY COOK	FIRE CHIEF	40.00	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	$185,048	$149,027	$860,578	$36,021
2023	$71,881	$136,324	$701,066	$-64,443
2022	$70,465	$180,435	$765,579	$-109,970
2021	$122,778	$236,681	$875,620	$-113,903
2020	$438,037	$165,512	$1,051,962	$272,525
2019	$60,147	$90,724	$754,133	$-30,577

FABER VOLUNTEER FIRE DEPT INC