REEDSVILLE VOLUNTEER FIRE DEPARTME… - Form 990 Financial Data

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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

1955

Legal Domicile

Principal Officer

LETICIA LAMBERT

Phone

3048643630

Tax Period

2025-01-01 to 2025-12-31

REEDSVILLE VOLUNTEER FIRE DEPARTMENT INC, founded in 1955, is a small nonprofit that reported $176K in total revenue in fiscal year 2025. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $197K exceeded revenue, resulting in a 12% operating deficit.

Mission

MAINTAIN AN ORGANIZED VOLUNTEER FIRE DEPARTMENT FOR THE PROTECTION OR LIFE AND PROPERTY AS DIPATCHED BY EMERGENCY SERVICES.

Program Service Accomplishments

Program 1

Expenses: $105,789

ALL VOLUNTEER FIRE DEPARTMENT RESPONDS TO FIRES, AUTO ACCIDENTS, AND OTHER EMERGENCIES IN THE TOWN OF REEDSVILLE AND SURROUNDING AREAS AS DISPATCHED BY PRESTON COUNTY 911. ALSO, PROVIDES MUTUAL AID TO NEIGHBORING FIRE DEPARTMENTS. THE FIRE HALL IS AVAILABLE AT A NOMINAL CHARGE FOR USE BY INDIVIDUALS, COMMUNITY GROUPS AND LOCAL GOVERNMENT. THE FIRE DEPARTMENT AND GROUNDS ARE USED FOR TAINING AND VARIOUS COMMUNITY AND HOLIDAY ACTIVITIES.

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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 $134,511

Program Service Revenue $1,950

Investment Income $5,350

Other Revenue $34,379

TOTAL REVENUE $176,190

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $145,183

Other Expenses $196,873

TOTAL EXPENSES $196,873

Year-over-Year Comparison

	2025	2024	Change
Revenue	$176,190	$269,073	-0.3%
Expenses	$196,873	$140,464	+0.4%
Net Income	$-20,683	$128,609	-1.2%

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
CLINTON ADKINS	TREASURER	N/A	Officer	$0	$0	$0
ROBERT BRAGG	SECRETARY	N/A	Officer	$0	$0	$0
TERRY COCHRAN	PRESIDENT	N/A	Officer	$0	$0	$0
LETICIA LAMBERT	VICE PRESIDE	N/A	Officer	$0	$0	$0
MICHAEL RILEY	ASSISTANT CH	N/A	Officer	$0	$0	$0
SCOTT SPIKER	CHIEF	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	$176,190	$196,873	$2,084,010	$-20,683
2024	$269,073	$140,464	$2,217,467	$128,609
2023	$198,884	$190,799	$2,060,925	$8,085
2022	$179,026	$101,035	$2,086,951	$77,991
2021	$245,984	$143,576	$1,932,799	$102,408
2020	$169,053	$145,234	$1,845,109	$23,819

REEDSVILLE VOLUNTEER FIRE DEPARTMENT INC