FOLSOM VOLUNTEER FIRE DEPT INC

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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

1975

Legal Domicile

Principal Officer

CINDY GLASSCOCK

Phone

0030433422

Tax Period

2023-01-01 to 2023-12-31

FOLSOM VOLUNTEER FIRE DEPT INC, founded in 1975, is a community nonprofit in the Public Safety sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 94% from the prior year, signaling strong growth momentum. The organization ran a surplus of $332K, a strong 31% operating margin.

Mission

VOLUNTEER FIRE DEPARTMENT ANSWERING FIRE, ACCIDENT AND MEDICAL EMERGENCY CALLS.

Program Service Accomplishments

Program 1

Expenses: $685,501 Revenue: $330,087

THE FOLSOM VOLUNTEER FIRE DEPARTMENT ANSWERS ALL AREA EMERGENCY CALLS DEALING WITH FIRES, ACCIDENTS AND ILLNESS. ALL SERVICES ARE PERFORMED BY VOLUNTEERS, THE VALUE OF WHICH CAN NOT BE DETERMINED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $729,162

Program Service Revenue $330,087

Investment Income $4

Other Revenue $0

TOTAL REVENUE $1,059,253

Expense Breakdown

Grants Paid $0

Salaries & Benefits $158,580

Fundraising Expenses $0

Program Expenses $685,501

Other Expenses $568,716

TOTAL EXPENSES $727,296

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,059,253	$545,157	+0.9%
Expenses	$727,296	$550,752	+0.3%
Net Income	$331,957	$-5,595	-60.3%

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

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

$36,530

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CINDY GLASSCOCK	TREASURER	20.00	Officer	$36,530	$0	$36,530
MIKE DENNISION	DIRECTOR	2.00	Director	$0	$0	$0
GARY GLASSCOCK II	DIRECTOR	2.00	Director	$0	$0	$0
LARRY MANEAR	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JIMMY GLASSCOCK SR	PRESIDENT	2.00	Officer Director	$0	$0	$0
SAM WADE	DIRECTOR	2.00	Director	$0	$0	$0
APRIL GLASSCOCK	SECRETARY	2.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,059,253	$727,296	$1,292,631	$331,957
2022	$545,157	$550,752	$867,185	$-5,595
2021	$476,380	$555,558	$901,698	$-79,178
2020	$393,074	$465,287	$972,006	$-72,213
2019	$306,183	$371,020	$886,206	$-64,837
2018	$411,514	$327,727	$860,937	$83,787