MORRISVALE VOLUNTEER FIRE DEPARTMENT INC (EIN 550605129) - 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

1981

Legal Domicile

Principal Officer

Harold Elkins

Phone

3045242122

Tax Period

2024-07-01 to 2025-06-30

MORRISVALE VOLUNTEER FIRE DEPARTMENT INC, founded in 1981, is a small nonprofit in the Public Safety sector that reported $305K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $54K, a strong 18% operating margin.

Mission

PROVIDE FIRE AND EMERGENCY SERVICES TO BOONE AND LINCOLN COUNTY

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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 $299,885

Program Service Revenue $0

Investment Income $4,913

Other Revenue $0

TOTAL REVENUE $304,798

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,000

Fundraising Expenses $0

Program Expenses $169,287

Other Expenses $244,652

TOTAL EXPENSES $250,652

Year-over-Year Comparison

	2024	2023	Change
Revenue	$304,798	$280,655	+0.1%
Expenses	$250,652	$239,021	+0.0%
Net Income	$54,146	$41,634	+0.3%

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

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

$6,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHLIE PINSON	TREASURER	10	Officer	$6,000	$0	$6,000
HAROLD ELKINS	PRESIDENT	10	Officer	$0	$0	$0
FREDERICK THOMPSON	VICE PRESIENT	10	Officer	$0	$0	$0
RANDY WALLS	MEMBER	10	Officer	$0	$0	$0
RICKY LINVILLE	MEMBER	10	Officer	$0	$0	$0
JEAN ROBERTS	MEMBER	10	Officer	$0	$0	$0
HOWARD SIGMON	MEMBER	10	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	$304,798	$250,652	$2,368,442	$54,146
2024	$280,655	$239,021	$2,309,817	$41,634
2023	$238,996	$284,084	$2,268,589	$-45,088
2022	$231,018	$264,387	$2,315,754	$-33,369
2021	$238,207	$264,323	$2,347,433	$-26,116

MORRISVALE VOLUNTEER FIRE DEPARTMENT INC