WELCH VOLUNTEER FIRE DEPARTMENT

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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

1987

Legal Domicile

Principal Officer

Guy Wyatt

Phone

3044363113

Tax Period

2021-01-01 to 2021-12-31

WELCH VOLUNTEER FIRE DEPARTMENT, founded in 1987, is a small nonprofit in the Public Safety sector that reported $108K in total revenue in fiscal year 2021. Revenue decreased 6% compared to the prior year.

Mission

Volunteer Fire Department has responded to numerous fire calls in the City of Welch and surrounding areas. These services are volunteer and no one is paid. These are ordinary expenses.

Program Service Accomplishments

Program 1

Expenses: $106,852 Revenue: $0

Volunteer fire department has responded to numerous fire calls in the city of Welch and surrounding areas. These services are volunteer and no one is paid.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $107,938

Investment Income $45

Other Revenue $0

TOTAL REVENUE $107,983

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $106,852

Other Expenses $106,852

TOTAL EXPENSES $106,852

Year-over-Year Comparison

	2021	2020	Change
Revenue	$107,983	$114,918	-0.1%
Expenses	$106,852	$103,675	+0.0%
Net Income	$1,131	$11,243	-0.9%

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

N/A

Independent Members

N/A

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
Guy Wyatt	Fire Chief	10	Officer Director	$0	$0	$0
George Waldron	Assistant Chief	10	Director	$0	$0	$0
Adam Gianato	Captain	6	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
2021	$107,983	$106,852	$177,620	$1,131
2020	$114,918	$103,675	$168,366	$11,243
2019	$105,412	$96,356	$113,825	$9,056