PARSONS VOLUNTEER FIRE DEPARTMENT INCORPORATION (EIN 550639708) - 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

1935

Legal Domicile

Principal Officer

ASHLEY LONG

Phone

3046423433

Tax Period

2025-01-01 to 2025-12-31

PARSONS VOLUNTEER FIRE DEPARTMENT INCORPORATION, founded in 1935, is a small nonprofit that reported $244K in total revenue in fiscal year 2025. Revenue fell 20% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $51K, a strong 21% operating margin.

Mission

PROVIDING FIRE PROTECTION AND FIRE PREVENTION ASSISTANCE AND EDUATION TO THE RESIDENTS OF PARSONS, WV AND SURROUNDING AREAS. WE ARE A VOLUNTEER FIRE DEPARTMENT, SO WE DO A LOT OF FUNDRAISING PROJECTS TO FINANCE OUR MISSION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $189,221

Program Service Revenue $35,726

Investment Income $277

Other Revenue $19,001

TOTAL REVENUE $244,225

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $187,458

Other Expenses $193,573

TOTAL EXPENSES $193,573

Year-over-Year Comparison

	2025	2024	Change
Revenue	$244,225	$305,684	-0.2%
Expenses	$193,573	$226,584	-0.1%
Net Income	$50,652	$79,100	-0.4%

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

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
TOM KLUS	BOARD MEMBER	1.00	Director	$0	$0	$0
ASHLEY LONG	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL MATLICK	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS REYNOLDS	SECRETARY	1.00	Officer Director	$0	$0	$0
RICKY ROSIER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
PRESTON SIMMONS	PRESIDENT	5.00	Officer Director	$0	$0	$0
KEVIN WHITE	CHIEF	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
2025	$244,225	$193,573	$702,244	$50,652
2024	No data	No data	No data	No data
2023	$215,800	$163,049	$609,427	$52,751
2022	$243,226	$147,593	$574,418	$95,633
2021	$184,483	$127,409	$395,070	$57,074
2020	$162,275	$126,519	$337,996	$35,756
2019	$120,305	$197,815	$327,005	$-77,510
2018	$153,729	$210,308	$424,049	$-56,579

PARSONS VOLUNTEER FIRE DEPARTMENT INCORPORATION