HALIFAX VOLUNTEER FIRE ASSOCIATION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1950

Legal Domicile

Principal Officer

WENDY JONES

Phone

4344761784

Tax Period

2023-04-01 to 2024-03-31

HALIFAX VOLUNTEER FIRE ASSOCIATION, founded in 1950, is a small nonprofit that reported $292K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $253K left a modest 13% surplus.

Mission

THE HALIFAX VOLUNTEER FIRE ASSOCIATION PROVIDES FIRE AND MEDICAL EMERGENCY PROTECTION FOR APPROXIMATELY 3500 HOUSEHOLDS IN THE AREA SERVED. THE ASSOCIATION PROVIDES THIS SERVICE THROUGH THE PURCHASE OF THE RELEVANT EQUIPMENT AND TRAINING OF ITS MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $253,324

THE HALIFAX VOLUNTEER FIRE ASSOCIATION PROVIDES FIRE AND MEDICAL EMERGENCY PROTECTION FOR APPROXIMATELY 3500 HOUSEOLDS IN THE AREA SERVED. THE ASSOCIATION PROVIDES THIS SERVICE THROUGH THE PURCHASE...

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $205,702

Program Service Revenue $0

Investment Income $75,620

Other Revenue $10,190

TOTAL REVENUE $291,512

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $253,324

Other Expenses $253,324

TOTAL EXPENSES $253,324

Year-over-Year Comparison

	2023	2022	Change
Revenue	$291,512	$259,993	+0.1%
Expenses	$253,324	$152,325	+0.7%
Net Income	$38,188	$107,668	-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

N/A

Independent Members

N/A

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
WENDY JONES	PRESIDENT	3.00	Officer	$0	$0	$0
MALCOLM BOWEN	VICE PRESIDENT	3.00	Officer	$0	$0	$0
TINA SLABACH	SECRETARY	3.00	Officer	$0	$0	$0
JOY DALTON	TREASURER	3.00	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
2025	No data	No data	No data	No data
2024	$291,512	$253,324	$1,107,276	$38,188
2023	$259,993	$152,325	$1,115,405	$107,668
2022	$313,763	$103,367	$779,965	$210,396
2021	$181,125	$166,320	$596,549	$14,805
2020	$128,144	$112,725	$608,641	$15,419
2019	$245,399	$115,724	$618,773	$129,675