WESTSIDE VOLUNTEER FIRE DEPARTMENT INC #2 (EIN 550708142) - 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

1971

Legal Domicile

Principal Officer

AMY LONG

Phone

3045494601

Tax Period

2022-07-01 to 2023-06-30

WESTSIDE VOLUNTEER FIRE DEPARTMENT INC #2, founded in 1971, is a small nonprofit in the Public Safety sector that reported $163K in total revenue in fiscal year 2022. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $68K, a strong 42% operating margin.

Mission

VOLUNTEER FIRE DEPARTMENT SERVING RURAL WEST VIRGINIA

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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 (2022)

Revenue Breakdown

Contributions & Grants $112,681

Program Service Revenue $0

Investment Income $0

Other Revenue $50,000

TOTAL REVENUE $162,681

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $94,690

Other Expenses $94,690

TOTAL EXPENSES $94,690

Year-over-Year Comparison

	2022	2021	Change
Revenue	$162,681	$108,547	+0.5%
Expenses	$94,690	$113,446	-0.2%
Net Income	$67,991	$-4,899	-14.9%

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
JIM SCHILLING	CHAIRMAN	8.00	Director	$0	$0	$0
JAMES WISEMAN	VICE CHAIRMAN	15.00	Director	$0	$0	$0
JEANETTE KARNES	SECRETARY	2.00	Officer	$0	$0	$0
AMY LONG	TREASURER	2.00	Officer	$0	$0	$0
DANNY DALTON SR	BOARD MEMBER	2.00	Director	$0	$0	$0
LISA LILLY	ASSISTANT TREASURER	2.00	Officer	$0	$0	$0
CHRIS SCHILLING	FIRE CHIEF	15.00	Director Key Emp	$0	$0	$0
LES GANDEE	FIREMAN REPRESENTATIVE	2.00	Director	$0	$0	$0
DANNY KARNES	FIREMAN REPRESENTATIVE	2.00	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
2024	No data	No data	No data	No data
2023	$162,681	$94,690	$214,503	$67,991
2023	$86,385	$45,582	$237,798	$40,803
2022	$107,057	$110,596	$151,540	$-3,539
2021	$107,243	$128,382	$135,191	$-21,139
2020	$138,653	$84,911	$163,817	$53,742
2019	$73,678	$66,350	$113,635	$7,328
2018	$91,144	$52,770	$127,987	$38,374

WESTSIDE VOLUNTEER FIRE DEPARTMENT INC #2