BOYCE VOLUNTEER FIRE COMPANY INC (EIN 541716323) - 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

1996

Legal Domicile

Principal Officer

GEORGE HOFF

Phone

5408371228

Tax Period

2023-01-01 to 2023-12-31

BOYCE VOLUNTEER FIRE COMPANY INC, founded in 1996, is a small nonprofit in the Public Safety sector that reported $273K in total revenue in fiscal year 2019. Revenue decreased 13% compared to the prior year. Expenses of $318K exceeded revenue, resulting in a 17% operating deficit.

Mission

COMMUNITY FIREFIGHTING AND EMS SERVICES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $232,746

Program Service Revenue $0

Investment Income $704

Other Revenue $248,781

TOTAL REVENUE $482,231

Expense Breakdown

Grants Paid $2,810

Salaries & Benefits $117,896

Fundraising Expenses $17,634

Program Expenses $339,460

Other Expenses $265,561

TOTAL EXPENSES $386,267

Year-over-Year Comparison

	2023	2022	Change
Revenue	$482,231	$540,810	-0.1%
Expenses	$386,267	$275,364	+0.4%
Net Income	$95,964	$265,446	-0.6%

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

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
MATT HOFF	PRESIDENT	20.00	Officer Director	$0	$0	$0
PETE PETERSON	VICE PRESIDENT	20.00	Officer Director	$0	$0	$0
JUDY PETERSON	SECRETARY	20.00	Officer Director	$0	$0	$0
LEE COFFELT	CHIEF	20.00	Officer Director	$0	$0	$0
BECKY WHITE	TREASURER	20.00	Officer Director	$0	$0	$0
SAMMY BUCKLEY	DIRECTOR	5.00	Director	$0	$0	$0
FLOYD HUDSON	DIRECTOR	5.00	Director	$0	$0	$0
JOHN WHITE	DIRECTOR	5.00	Director	$0	$0	$0
BRYAN CONRAD	ASSISTANT CHIEF	20.00	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
2024	No data	No data	No data	No data
2023	$482,231	$386,267	$1,713,538	$95,964
2022	$540,810	$275,364	$1,615,871	$265,446
2021	$578,224	$326,896	$1,525,328	$251,328
2020	$360,860	$273,236	$1,277,604	$87,624
2019	$272,707	$317,869	$1,231,081	$-45,162

BOYCE VOLUNTEER FIRE COMPANY INC