KENOVA VOLUNTEER FIRE DEPT (EIN 550704740) - 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

1954

Legal Domicile

Principal Officer

Christie Robertson

Phone

3044534153

Tax Period

2024-01-01 to 2024-12-31

KENOVA VOLUNTEER FIRE DEPT, founded in 1954, is a small nonprofit in the Public Safety sector that reported $446K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $537K exceeded revenue, resulting in a 20% operating deficit.

Mission

To provide a volunteer fire department to provide protection for Kenova, West Virginia and the surrounding areas in Wayne County. Provide fire protection as well as rescue services for the community and mutual aid with other departments.

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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 $104,244

Program Service Revenue $318,370

Investment Income $-58,350

Other Revenue $81,408

TOTAL REVENUE $445,672

Expense Breakdown

Grants Paid $0

Salaries & Benefits $191,959

Fundraising Expenses $0

Program Expenses $529,754

Other Expenses $344,682

TOTAL EXPENSES $536,641

Year-over-Year Comparison

	2024	2023	Change
Revenue	$445,672	$501,876	-0.1%
Expenses	$536,641	$551,227	0.0%
Net Income	$-90,969	$-49,351	+0.8%

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

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

$7,500

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christie Robertson	Treasurer	4	Key Emp	$7,500	$0	$7,500
Joseph Acord	Deputy Chief Instructor	5	Officer	$0	$0	$0
Robin Francis	Secretary	2	Officer	$0	$0	$0
Jamie Stoner	Chief	10	Officer	$0	$0	$0
John Francis	Deputy Chief	3	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	$445,672	$536,641	$1,007,630	$-90,969
2023	$501,876	$551,227	$1,122,665	$-49,351
2022	$494,667	$460,899	$1,098,412	$33,768
2021	$610,161	$513,315	$940,383	$96,846
2020	$413,010	$446,177	$891,543	$-33,167
2019	$440,392	$469,056	$902,845	$-28,664
2018	$453,028	$541,691	$968,650	$-88,663

KENOVA VOLUNTEER FIRE DEPT