Lovingston Volunteer Fire Department

EIN: 541768857 501(c)(3) Public Safety

Lovingston, VA

Total Revenue
$128,535
Total Expenses
$190,840
Total Assets
$297,497
Net Assets
$297,497
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1947
Legal Domicile
VA
Principal Officer
Stevie Ashley
Phone
4342364060
Tax Period
2024-01-01 to 2024-12-31

Lovingston Volunteer Fire Department, founded in 1947, is a small nonprofit in the Public Safety sector that reported $553K in total revenue in fiscal year 2019. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $282K, a strong 51% operating margin.

Mission

Provide Fire Protection,Rescue and Education

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $121,402
Program Service Revenue $0
Investment Income $3,993
Other Revenue $3,140
TOTAL REVENUE $128,535

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $16,490
Program Expenses $174,200
Other Expenses $190,840
TOTAL EXPENSES $190,840

Year-over-Year Comparison

2024 2023 Change
Revenue $128,535 $121,537 +0.1%
Expenses $190,840 $175,688 +0.1%
Net Income $-62,305 $-54,151 +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

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Governance

Voting Members
16
Independent Members
16
Employees
N/A
Volunteers
52

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
0
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Danny Johnson Chief 10.00
Director
$0 $0 $0
Kevin Adams Asst Chief 10.00
Director
$0 $0 $0
Patricia Ashley Treasurer 7.00
Director
$0 $0 $0
Larry Wells Board Member 7.00
Director
$0 $0 $0
Charles Clayton 1st Captain 10.00
Director
$0 $0 $0
Nate Bryant 2nd Lieutenant 10.00
Director
$0 $0 $0
Kevin Adams 2nd Captain 10.00
Director
$0 $0 $0
Jade Bunner Secretary 7.00
Director
$0 $0 $0
Kevin Moore 3rd Lieutenant 10.00
Director
$0 $0 $0
Ryan Schilling Board Member 7.00
Director
$0 $0 $0
Bill Perry Board Member 7.00
Director
$0 $0 $0
Glenn Clayton 1st Captain 10.00
Director
$0 $0 $0
Stevie Ashley Board Member 7.00
Director
$0 $0 $0
Patricia Ashley Board Member 7.00
Director
$0 $0 $0
Jade Ashley Board Member 7.00
Director
$0 $0 $0
President Jason Braunstein 7.00
Director
$0 $0 $0
Jade Bunner Vice President 7.00
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
2024 $128,535 $190,840 $297,497 $-62,305
2023 $121,537 $175,688 $421,620 $-54,151
2022 $125,858 $177,475 $504,207 $-51,617
2021 $89,482 $230,596 $528,315 $-141,114
2020 $94,107 $288,274 $647,899 $-194,167
2019 $553,238 $270,815 $862,777 $282,423
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