Bassett Volunteer Fire Company Inc (EIN 546041585) - 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

1953

Legal Domicile

Principal Officer

Len Dillon

Phone

2766296225

Tax Period

2024-01-01 to 2024-12-31

Bassett Volunteer Fire Company Inc, founded in 1953, is a small nonprofit in the Public Safety sector that reported $198K in total revenue in fiscal year 2021. The organization ran a surplus of $125K, a strong 63% operating margin.

Mission

Fire Fighting/Protection

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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 $129,540

Program Service Revenue $0

Investment Income $27,719

Other Revenue $40,184

TOTAL REVENUE $197,443

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $89,969

Other Expenses $107,213

TOTAL EXPENSES $107,213

Year-over-Year Comparison

	2024	2023	Change
Revenue	$197,443	$223,818	-0.1%
Expenses	$107,213	$188,813	-0.4%
Net Income	$90,230	$35,005	+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
Manker Stone	President	3.00	Officer Director	$0	$0	$0
Tim Dodson	Vice President	3.00	Officer Director	$0	$0	$0
Len Dillon	Sec/Treasurer	3.00	Officer Director	$0	$0	$0
Robert Burger Jr	Director	2.00	Director	$0	$0	$0
C E Lynch Jr	Director	2.00	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	$197,443	$107,213	$574,215	$90,230
2023	$223,818	$188,813	$477,002	$35,005
2022	$134,944	$80,576	$433,869	$54,368
2021	$197,761	$72,451	$396,129	$125,310

Bassett Volunteer Fire Company Inc