MAIN HARTS CREEK VOLUNTEER FIRE DEPARTMENT

EIN: 550742871 501(c)(3) Public Safety

Harts, WV

Total Revenue
$143,236
Total Expenses
$76,666
Total Assets
$862,180
Net Assets
$862,180
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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
1982
Legal Domicile
WV
Principal Officer
MAVERICK ADAMS
Phone
3048557687
Tax Period
2024-01-01 to 2024-12-31

MAIN HARTS CREEK VOLUNTEER FIRE DEPARTMENT, founded in 1982, is a small nonprofit in the Public Safety sector that reported $143K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $67K, a strong 46% operating margin.

Mission

OPERATE A VOLUNTEER FIRE DEPARTMENT IN THE HARTS AREA OF LOGAN COUNTY 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $142,915
Program Service Revenue $0
Investment Income $321
Other Revenue $0
TOTAL REVENUE $143,236

Expense Breakdown

Grants Paid $0
Salaries & Benefits $753
Fundraising Expenses $0
Program Expenses $76,666
Other Expenses $75,913
TOTAL EXPENSES $76,666

Year-over-Year Comparison

2024 2023 Change
Revenue $143,236 $188,315 -0.2%
Expenses $76,666 $82,106 -0.1%
Net Income $66,570 $106,209 -0.4%
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

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Governance

Voting Members
25
Independent Members
25
Employees
N/A
Volunteers
6

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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE BAISDEN TREASURER 20.00
Officer
$0 $0 $0
MAVERICK ADAMS FIRE CHIEF 20.00
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 $143,236 $76,666 $862,180 $66,570
2023 $188,315 $82,106 $795,610 $106,209
2022 $77,284 $54,990 $689,396 $22,294
2021 $102,937 $37,152 $667,102 $65,785
2020 $92,875 $37,570 $587,946 $55,305
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