HARTS VOLUNTEER FIRE DEPARTMENT INC (EIN 550581977) - 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

1964

Legal Domicile

Principal Officer

DANNY BROWNING

Phone

3048559560

Tax Period

2023-07-01 to 2024-06-30

HARTS VOLUNTEER FIRE DEPARTMENT INC, founded in 1964, is a small nonprofit in the Public Safety sector that reported $161K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $59K, a strong 37% operating margin.

Mission

PROVIDE FIRE AND ACCIDENT PROTECTION FOR THE COMMUNITY OF 1400 RESIDENTS IN THE HARTS AREA OF LOGAN AND LINCOLN COUNTIES, WV. THE CORPORATION OPERATES ON A VOLUNTEER BASIS.

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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 $159,602

Program Service Revenue $0

Investment Income $1,216

Other Revenue $0

TOTAL REVENUE $160,818

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $75,827

Other Expenses $101,590

TOTAL EXPENSES $101,590

Year-over-Year Comparison

	2023	2022	Change
Revenue	$160,818	$117,781	+0.4%
Expenses	$101,590	$93,273	+0.1%
Net Income	$59,228	$24,508	+1.4%

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
DANNY BROWNING	PRESIDENT	N/A	Officer Director	$0	$0	$0
ROGER FARMER	SECRETARY	N/A	Officer Director	$0	$0	$0
ROGER MEADE	TREASERUR	N/A	Officer Director	$0	$0	$0
TIFFANY SLATE	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
DONALD SMITH	MEMBER	N/A	Director	$0	$0	$0
DANNY BROWNING	CHIEF	N/A	Officer	$0	$0	$0
ARNOLD KILLEN	CAPTAIN	N/A	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	$160,818	$101,590	$742,074	$59,228
2023	$117,781	$93,273	$699,754	$24,508
2022	$119,657	$67,759	$672,248	$51,898
2021	$130,077	$68,235	$598,986	$61,842
2020	$115,632	$106,941	$537,074	$8,691
2019	$116,259	$86,480	$523,796	$29,779

HARTS VOLUNTEER FIRE DEPARTMENT INC