FORT ASHBY VOLUNTEER FIRE COMPANY (EIN 556023564) - 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

1950

Legal Domicile

Principal Officer

ANDY HUGHES

Phone

3042983615

Tax Period

2023-01-01 to 2023-12-31

FORT ASHBY VOLUNTEER FIRE COMPANY, founded in 1950, is a small nonprofit in the Public Safety sector that reported $526K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $124K, a strong 24% operating margin.

Mission

THIS VOLUNTEER FIRE COMPANY PROVIDES FIRE SUPPRESSION, RESCUE, AND EMERGENCY AMBULANCE SERVICES TO THE FORT ASHBY, WV AREA. ADDITIONALLY, FIRE PROTECTION AND SAFETY PROGRAMS ARE OFFERED TO ADULTS AND CHILDREN IN AN AREA OF APPROXIMATELY 2,000 HOMES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $319,288

Program Service Revenue $196,019

Investment Income $1,097

Other Revenue $9,360

TOTAL REVENUE $525,764

Expense Breakdown

Grants Paid $0

Salaries & Benefits $72,789

Fundraising Expenses $431

Program Expenses $391,966

Other Expenses $328,985

TOTAL EXPENSES $401,774

Year-over-Year Comparison

	2023	2022	Change
Revenue	$525,764	$422,739	+0.2%
Expenses	$401,774	$313,005	+0.3%
Net Income	$123,990	$109,734	+0.1%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDY HUGHES	TREASURER	N/A	Officer	$0	$0	$0
JACOB LOGSDON	SECRETARY	N/A	Officer	$0	$0	$0
MIKE LOTT	PRESIDENT	N/A	Officer	$0	$0	$0
STEVE MILLER	VICE PRESIDE	N/A	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	No data	No data	No data	No data
2023	$525,764	$401,774	$784,352	$123,990
2022	$422,739	$313,005	$660,581	$109,734
2021	$269,229	$293,997	$549,436	$-24,768
2020	$251,890	$267,711	$574,204	$-15,821
2019	$269,461	$294,062	$590,025	$-24,601

FORT ASHBY VOLUNTEER FIRE COMPANY