Forest Volunteer Fire Company Incorporated (EIN 541702230) - 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

1958

Legal Domicile

Principal Officer

Phillip C Gordon

Phone

4345254044

Tax Period

2024-02-01 to 2025-01-31

Forest Volunteer Fire Company Incorporated, founded in 1958, is a small nonprofit that reported $447K in total revenue in fiscal year 2018. Expenses of $538K exceeded revenue, resulting in a 20% operating deficit.

Mission

The organization provides firefighting and rescue services to residents and businesses in Forest and surrounding areas of Bedford County, Virginia.

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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 $1,599,354

Program Service Revenue $0

Investment Income $68

Other Revenue $4,310

TOTAL REVENUE $1,603,732

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $14,446

Program Expenses $791,816

Other Expenses $871,177

TOTAL EXPENSES $871,177

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,603,732	$601,707	+1.7%
Expenses	$871,177	$661,615	+0.3%
Net Income	$732,555	$-59,908	-13.2%

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

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
Phillip C Gordon	President & Director	30.00	Officer Director	$0	$0	$0
Stephen D Spraker	Vice President & Director	30.00	Officer Director	$0	$0	$0
Montgomery S Coleman	Chief of Dept. & Director	40.00	Officer 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	$1,603,732	$871,177	$5,091,621	$732,555
2024	$601,707	$661,615	$4,518,608	$-59,908
2023	$377,525	$470,527	$2,561,705	$-93,002
2022	$612,310	$473,987	$2,653,609	$138,323
2021	$407,757	$430,128	$2,664,331	$-22,371
2020	$367,005	$558,102	$2,880,390	$-191,097
2019	$447,315	$537,599	$3,137,681	$-90,284

Forest Volunteer Fire Company Incorporated