COALTON VOLUNTEER FIRE DEPARTMENT (EIN 550761051) - 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

1956

Legal Domicile

Principal Officer

RICHARD GEORGE

Phone

3046367933

Tax Period

2024-01-01 to 2024-12-31

COALTON VOLUNTEER FIRE DEPARTMENT, founded in 1956, is a small nonprofit in the Public Safety sector that reported $434K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Net assets of $952K represent 26 months of operating reserves.

Mission

VOLUNTEER FIRE DEPARTMENT

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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 $172,717

Program Service Revenue $0

Investment Income $231

Other Revenue $260,638

TOTAL REVENUE $433,586

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $125,621

Program Expenses $344,661

Other Expenses $470,282

TOTAL EXPENSES $470,282

Year-over-Year Comparison

	2024	2023	Change
Revenue	$433,586	$527,381	-0.2%
Expenses	$470,282	$511,953	-0.1%
Net Income	$-36,696	$15,428	-3.4%

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

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
DAVID L GEORGE	PRESIDENT	15.00	Officer	$0	$0	$0
ERNEST GEORGE	TREASURER	5.00	Officer	$0	$0	$0
JASON ELMORE	SECRETARY	10.00	Officer	$0	$0	$0
DONNIE HAMMONDS	VICE-PRESIDENT	10.00	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	$433,586	$470,282	$1,544,962	$-36,696
2023	$527,381	$511,953	$1,607,607	$15,428
2022	$384,711	$384,738	$1,703,498	$-27
2021	$609,449	$367,426	$1,742,616	$242,023
2020	$281,285	$340,086	$1,139,933	$-58,801
2019	$549,932	$422,219	$1,068,901	$127,713
2018	$266,897	$389,282	$1,166,126	$-122,385

COALTON VOLUNTEER FIRE DEPARTMENT