SHORT GAP VOLUNTEER FIRE COMPANY (EIN 550578982) - Form 990 Financial Analysis & Trantor Score

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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

1947

Legal Domicile

Phone

2407274822

Tax Period

2024-01-01 to 2024-12-31

SHORT GAP VOLUNTEER FIRE COMPANY, founded in 1947, is a small nonprofit in the Public Safety sector that reported $562K in total revenue in fiscal year 2024. Revenue surged 80% from the prior year, signaling strong growth momentum. Expenses of $726K exceeded revenue, resulting in a 29% operating deficit.

Mission

Volunteer Fire and Ambulance company providing life and property protection to the community of Short Gap and surrounding areas.

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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 $256,716

Program Service Revenue $295,635

Investment Income $2,779

Other Revenue $7,171

TOTAL REVENUE $562,301

Expense Breakdown

Grants Paid $4,089

Salaries & Benefits $42,966

Fundraising Expenses $0

Program Expenses $640,923

Other Expenses $678,136

TOTAL EXPENSES $725,687

Year-over-Year Comparison

	2024	2023	Change
Revenue	$562,301	$311,618	+0.8%
Expenses	$725,687	$275,510	+1.6%
Net Income	$-163,386	$36,108	-5.5%

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

N/A

Employees

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
Everett Metheny	Trustee	5.00	Director	$0	$0	$0
Corey Feaster	Trustee	5.00	Director	$0	$0	$0
David Morris	Trustee	5.00	Director	$0	$0	$0
Autumn Houdersheldt	Treasurer	5.00	Officer	$0	$0	$0
Terry Feaster	President	5.00	Officer	$0	$0	$0
Michael Shannon	Vice President	5.00	Officer	$0	$0	$0
Mary Twigg	Secretary	5.00	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	$562,301	$725,687	$1,336,360	$-163,386
2023	$311,618	$275,510	$1,365,891	$36,108
2022	$392,501	$254,436	$1,371,329	$138,065
2021	$333,700	$473,935	$1,393,378	$-140,235
2020	$340,437	$241,939	$1,461,034	$98,498
2019	$473,316	$171,384	$1,323,271	$301,932
2018	$209,635	$119,238	$1,303,252	$90,397

SHORT GAP VOLUNTEER FIRE COMPANY