Bacon District Volunteer Fire Dept

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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

1966

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Bacon District Volunteer Fire Dept, founded in 1966, is a micro nonprofit in the Public Safety sector that reported $73K in total revenue in fiscal year 2023. Expenses of $104K exceeded revenue, resulting in a 44% operating deficit.

Mission

To provide fire response and rescue units to the residents of Charlotte County.

Program Service Accomplishments

Program 1

Expenses: $104,446 Revenue: $72,611

To provide fire response and rescue units to the residents of Charlotte County.

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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 $71,031

Program Service Revenue $0

Investment Income $130

Other Revenue $1,450

TOTAL REVENUE $72,611

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $104,446

Other Expenses $104,446

TOTAL EXPENSES $104,446

Year-over-Year Comparison

	2023	2022	Change
Revenue	$72,611	N/A	N/A
Expenses	$104,446	N/A	N/A
Net Income	$-31,835	N/A	N/A

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

N/A

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
Alyssa Osborne	Treasurer	5.00	Officer	$0	$0	$0
Brian Morris	President	20.00	Officer	$0	$0	$0
Taylor Vaughn	Secretary	10.00	Officer	$0	$0	$0
Will Stembridge	Chief	10.00	Officer	$0	$0	$0
Waylin Vaughn	Assistant Chief	10.00	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
2024	No data	No data	No data	No data
2023	$72,611	$104,446	$541,842	$-31,835
2022	$130,522	$179,468	$573,677	$-48,946
2021	$190,346	$196,215	$622,623	$-5,869
2020	$79,010	$64,560	$648,114	$14,450
2019	$137,763	$75,072	$620,522	$62,691
2018	$113,249	$93,042	$557,831	$20,207