LEON VOLUNTEER FIRE DEPARTMENT INC (EIN 550635732) - 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

1972

Legal Domicile

Principal Officer

STEVEN GOODERHAM

Phone

3044581715

Tax Period

2024-07-01 to 2025-06-30

LEON VOLUNTEER FIRE DEPARTMENT INC, founded in 1972, is a small nonprofit that reported $283K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $43K, a strong 15% operating margin.

Mission

OPERATE A VOLUNTEER FIRE DEPARTMENT IN A RURAL COMMUNITY.

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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 $280,751

Program Service Revenue $0

Investment Income $1,857

Other Revenue $0

TOTAL REVENUE $282,608

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $236,120

Other Expenses $240,095

TOTAL EXPENSES $240,095

Year-over-Year Comparison

	2024	2023	Change
Revenue	$282,608	$252,495	+0.1%
Expenses	$240,095	$158,406	+0.5%
Net Income	$42,513	$94,089	-0.5%

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

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
BILLY BARTON	ASSISTANT CH	N/A	Officer	$0	$0	$0
STEVEN GOODERHAM	TREASURER	N/A	Officer	$0	$0	$0
FREDERICK HIGGINBOTHAM	CHIEF	N/A	Officer	$0	$0	$0
JONATHAN HIGGINBOTHAM	PRESIDENT	N/A	Officer	$0	$0	$0
WESTON HIGGINBOTHAM	SECRETARY	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	$282,608	$240,095	$1,156,376	$42,513
2024	No data	No data	No data	No data
2023	$203,799	$148,226	$1,133,763	$55,573
2022	$134,820	$34,891	$876,027	$99,929
2021	$87,381	$48,053	$776,120	$39,328
2020	$72,056	$30,115	$736,792	$41,941
2019	$84,513	$46,124	$693,452	$38,389

LEON VOLUNTEER FIRE DEPARTMENT INC