Wellsburg Volunteer Fire Department Inc (EIN 550640417) - 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

1966

Legal Domicile

Principal Officer

David Paugh

Phone

7246126273

Tax Period

2024-01-01 to 2024-12-31

Wellsburg Volunteer Fire Department Inc, founded in 1966, is a small nonprofit in the Public Safety sector that reported $223K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $347K exceeded revenue, resulting in a 55% operating deficit.

Mission

Volunteer Fire Department and emergency First Responder

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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 $199,301

Program Service Revenue $0

Investment Income $799

Other Revenue $23,328

TOTAL REVENUE $223,428

Expense Breakdown

Grants Paid $1,350

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $347,398

Other Expenses $346,048

TOTAL EXPENSES $347,398

Year-over-Year Comparison

	2024	2023	Change
Revenue	$223,428	$181,123	+0.2%
Expenses	$347,398	$352,144	0.0%
Net Income	$-123,970	$-171,021	-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

$600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Scott Kins	Fire Chief	010.00	Officer	$600	$0	$600
Jeannette Paugh	Treasurer	005.00	Officer	$0	$0	$0
Mike Smith	VP	005.00	Officer	$0	$0	$0
David Paugh	President	005.00	Officer	$0	$0	$0
Brandi Henderson	Secretary	005.00	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
2024	$223,428	$347,398	$655,048	$-123,970
2023	$181,123	$352,144	$824,642	$-171,021
2022	$179,887	$235,391	$852,215	$-55,504
2021	$161,521	$58,240	$419,347	$103,281
2020	$208,148	$216,169	$316,066	$-8,021
2019	$177,502	$122,153	$324,087	$55,349

Wellsburg Volunteer Fire Department Inc