RAINELLE VOLUNTEER FIRE DEPARTMENT INC (EIN 556023053) - 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

1953

Legal Domicile

Phone

3046470544

Tax Period

2024-01-01 to 2024-12-31

RAINELLE VOLUNTEER FIRE DEPARTMENT INC, founded in 1953, is a small nonprofit that reported $221K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $322K exceeded revenue, resulting in a 46% operating deficit.

Mission

Operate a volunteer fire department for Rainelle and surrounding area

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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 $159,118

Program Service Revenue $57,554

Investment Income $3,862

Other Revenue $0

TOTAL REVENUE $220,534

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $322,467

Other Expenses $322,467

TOTAL EXPENSES $322,467

Year-over-Year Comparison

	2024	2023	Change
Revenue	$220,534	$337,320	-0.3%
Expenses	$322,467	$225,005	+0.4%
Net Income	$-101,933	$112,315	-1.9%

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

N/A

Employees

N/A

Volunteers

N/A

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	Role	Reportable Comp	Other Comp	Total
RON FLESHMAN	Vice President	Officer	$0	$0	$0
JAMES MIDKIFF	President	Officer	$0	$0	$0
CHARISSA GODBEY	Treasurer	Officer	$0	$0	$0
SANDRA SORRELLS	BOARD MEMBER	Officer	$0	$0	$0
CINDY MIDKIFF	ASST SEC/TREAS	Officer	$0	$0	$0
DORIS VANDALL	BOARD MEMBER	Officer	$0	$0	$0
GEORGE HALL	BOARD MEMBER	Officer	$0	$0	$0
MATT OSBORNE	Chief	Officer	$0	$0	$0
MONICA VENABLE	BOARD MEMBER	Officer	$0	$0	$0
JIMMY MATHENEY	BOARD MEMBER	Officer	$0	$0	$0
BENNY DIMASCIO	BOARD MEMBER	Officer	$0	$0	$0
ROBIN WILLIAMS	BOARD MEMBER	Officer	$0	$0	$0
GARY HARRIS	BOARD MEMBER	Officer	$0	$0	$0
PAT McGUIRE	BOARD MEMBER	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	$220,534	$322,467	$1,023,505	$-101,933
2023	$337,320	$225,005	$563,292	$112,315
2022	$169,614	$148,780	$443,576	$20,834
2018	$116,492	$236,645	$531,116	$-120,153

RAINELLE VOLUNTEER FIRE DEPARTMENT INC