Banks District Volunteer Fire Department Inc (EIN 550590630) - 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

1975

Legal Domicile

Principal Officer

Kenneth Burnside

Phone

3049246864

Tax Period

2024-01-01 to 2024-12-31

Banks District Volunteer Fire Department Inc, founded in 1975, is a community nonprofit in the Public Safety sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $940K left a modest 14% surplus.

Mission

Provide fire fighting and EMS services

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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 $92,685

Program Service Revenue $868,177

Investment Income $111,756

Other Revenue $14,136

TOTAL REVENUE $1,086,754

Expense Breakdown

Grants Paid $0

Salaries & Benefits $420,347

Fundraising Expenses $0

Program Expenses $940,010

Other Expenses $519,663

TOTAL EXPENSES $940,010

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,086,754	$766,698	+0.4%
Expenses	$940,010	$873,845	+0.1%
Net Income	$146,744	$-107,147	-2.4%

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

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

$131,141

Total Directors

$131,141

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kenneth Burnside	President	30.00	Officer Director	$44,391	$0	$44,391
Lisa Dawn Hissam	Treasurer	5.00	Officer Director	$10,750	$0	$10,750
Jonathan Roby	Chief	40.00	Officer Director	$76,000	$0	$76,000
David Settlemyre	Vice President	5.00	Officer Director	$0	$0	$0
Jennie Ables	Secretary	5.00	Officer 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	$1,086,754	$940,010	$1,030,769	$146,744
2023	$766,698	$873,845	$857,533	$-107,147
2022	$711,266	$684,278	$656,211	$26,988
2021	$497,868	$424,815	$669,683	$73,053
2020	$158,598	$174,998	$441,003	$-16,400
2019	$176,672	$229,505	$444,892	$-52,833
2018	$165,163	$266,907	$496,790	$-101,744

Banks District Volunteer Fire Department Inc