COAL CITY VOLUNTEER FIRE DEPARTMENT (EIN 550593941) - 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

Principal Officer

ZACH HONAKER

Phone

3046833945

Tax Period

2023-01-01 to 2023-12-31

COAL CITY VOLUNTEER FIRE DEPARTMENT is a small nonprofit in the Public Safety sector that reported $426K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $134K, a strong 31% operating margin.

Mission

TO OPERATE A VOLUNTEER FIRE DEPARTMENT THAT PROVICES FIRE AND RESCUE SERVICES TO THE CITIZENS OF OF COAL CITY 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 (2023)

Revenue Breakdown

Contributions & Grants $323,800

Program Service Revenue $69,078

Investment Income $25,136

Other Revenue $8,118

TOTAL REVENUE $426,132

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $292,629

Other Expenses $292,629

TOTAL EXPENSES $292,629

Year-over-Year Comparison

	2023	2022	Change
Revenue	$426,132	$339,329	+0.3%
Expenses	$292,629	$290,479	+0.0%
Net Income	$133,503	$48,850	+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
JERRY DODSON	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
DANE GILLESPIE	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
TORI HONAKER	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
ZACH HONAKER	FIRE CHIEF	N/A	Officer Director	$0	$0	$0
JEFFREY SADLER	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
DELILA WILSON	SECRETARY/ T	N/A	Officer Director	$0	$0	$0
PAUL WILSON	BOARD MEMBER	N/A	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	No data	No data	No data	No data
2023	$426,132	$292,629	$896,232	$133,503
2022	$339,329	$293,473	$781,812	$45,856
2022	$339,329	$290,479	$829,870	$48,850
2021	$260,362	$318,462	$808,958	$-58,100
2020	$470,029	$321,015	$946,699	$149,014
2017	$256,290	$337,080	$755,363	$-80,790

COAL CITY VOLUNTEER FIRE DEPARTMENT