MINERAL WELLS VFD INC

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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

1969

Legal Domicile

Principal Officer

ROBERT MCMULLEN

Phone

3044835775

Tax Period

2024-01-01 to 2024-12-31

MINERAL WELLS VFD INC, founded in 1969, is a small nonprofit in the Public Safety sector that reported $132K in total revenue in fiscal year 2024. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $267K exceeded revenue, resulting in a 102% operating deficit.

Mission

PROVIDE FIRE PROTECTION, RESUE, AND EMS SERVICES TO THE MINERAL WELLS, WV. AREA AND COUNTY, WV.

Program Service Accomplishments

Program 1

PROVIDING FIRE PROTECTION, RESCUE, AND EMS SERVICES IN COVERAGE AREA, THE DEPARTMENT IN 2019 RESPONDED TO OVER 400 EMERGENCIES CONSISTING OF MEDICAL, VEHICLE ACCIDENTS, FIRES, AND RESCUES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $112,142

Program Service Revenue $0

Investment Income $7,196

Other Revenue $12,913

TOTAL REVENUE $132,251

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $267,094

TOTAL EXPENSES $267,094

Year-over-Year Comparison

	2024	2023	Change
Revenue	$132,251	$453,652	-0.7%
Expenses	$267,094	$264,428	+0.0%
Net Income	$-134,843	$189,224	-1.7%

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
BERNARD COTHERN	PRESIDENT	015.00	Officer Director	$0	$0	$0
ERIKA WHITED	RECORDING SECT	015.00	Officer Director	$0	$0	$0
JOHN ANDERSON	FINANCIAL SECT	015.00	Officer Director	$0	$0	$0
ROBERT MCMULLEN	TREASURER	020.00	Officer Director	$0	$0	$0
TERRY THOMAS	FIRE CHIEF	020.00	Officer Director	$0	$0	$0
BEN FOUSE	VICE PRES.	015.00	Officer Director	$0	$0	$0
TODD SINGLETON	TRUSTEE	010.00	Director	$0	$0	$0
CHRIS DOTSON	TRUSTEE	020.00	Director	$0	$0	$0
BEN FOUSE	TRUSTEE	010.00	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	$132,251	$267,094	$1,659,109	$-134,843
2023	$453,652	$264,428	$1,793,952	$189,224
2022	$217,670	$262,673	$1,747,890	$-45,003
2021	$240,505	$208,900	$1,804,874	$31,605
2020	$217,917	$252,495	$1,822,822	$-34,578
2019	$228,732	$263,299	$1,898,492	$-34,567