TYGART VALLEY FIRE CO INC (EIN 550759143) - 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

1941

Legal Domicile

Principal Officer

NOAH GILROY

Phone

3043383127

Tax Period

2024-01-01 to 2024-12-31

TYGART VALLEY FIRE CO INC, founded in 1941, is a small nonprofit that reported $162K in total revenue in fiscal year 2024. Net assets of $948K represent 70 months of operating reserves.

Mission

FIRE DEPARTMENT RESCUE

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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 $152,556

Program Service Revenue $0

Investment Income $837

Other Revenue $8,710

TOTAL REVENUE $162,103

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $132,157

Other Expenses $168,158

TOTAL EXPENSES $168,158

Year-over-Year Comparison

	2024	2023	Change
Revenue	$162,103	$157,328	+0.0%
Expenses	$168,158	$83,572	+1.0%
Net Income	$-6,055	$73,756	-1.1%

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
NOAH GILROY	CHIEF	20.00	Officer	$0	$0	$0
COLE NORMAN	SEC. ASST. CHIEF	20.00	Officer	$0	$0	$0
JOE KYLE	TREASURER	20.00	Officer	$0	$0	$0
TRENTON COOPER	PRESIDENT	20.00	Officer	$0	$0	$0
ROBERT ELBON	CAPTAIN	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	$162,103	$168,158	$948,486	$-6,055
2023	$157,328	$83,572	$954,541	$73,756
2022	$108,381	$57,950	$880,785	$50,431
2021	$110,868	$84,196	$830,354	$26,672
2020	$120,034	$51,515	$1,037,776	$68,519
2019	$118,835	$65,734	$995,727	$53,101
2018	$95,212	$44,768	$916,156	$50,444
2017	$91,104	$65,575	$865,712	$25,529

TYGART VALLEY FIRE CO INC