WESTOVER VOLUNTEER FIRE DEPARTMENT INC (EIN 556039957) - 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

1926

Legal Domicile

Principal Officer

DAVID KOON

Phone

3042966070

Tax Period

2024-01-01 to 2024-12-31

WESTOVER VOLUNTEER FIRE DEPARTMENT INC, founded in 1926, is a small nonprofit in the Public Safety sector that reported $262K in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $119K, a strong 45% operating margin.

Mission

TO PROVIDE FIRE AND ACCIDENT PROTECTION SERVICES FOR THE WESTOVER AND THE SURROUNDNG 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 $251,221

Program Service Revenue $10,751

Investment Income $0

Other Revenue $0

TOTAL REVENUE $261,972

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $5,089

Program Expenses $15,529

Other Expenses $143,126

TOTAL EXPENSES $143,126

Year-over-Year Comparison

	2024	2023	Change
Revenue	$261,972	$156,949	+0.7%
Expenses	$143,126	$119,371	+0.2%
Net Income	$118,846	$37,578	+2.2%

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
CANDY HARRIS	TRUSTEE	N/A	Director	$0	$0	$0
EUGENE HARRIS	PRESIDENT	N/A	Director	$0	$0	$0
KEVIN KOON	TRUSTEE	N/A	Officer Director	$0	$0	$0
JASON CLAWGES	VICE PRESDIE	N/A	Officer	$0	$0	$0
JOHN CLAWGES	TRUSTEE	N/A	Officer	$0	$0	$0
CANDI HARRIS	SECRETARY	N/A	Officer	$0	$0	$0
KEN GOODWIN JR	FIRE CHIEF	N/A	Officer	$0	$0	$0
DAVID KOON	TREASURER	N/A	Officer	$0	$0	$0
BRAD WILSON	ASSISTANT CH	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
2025	No data	No data	No data	No data
2024	$261,972	$143,126	$297,450	$118,846
2023	$156,949	$119,371	$178,604	$37,578
2022	$143,072	$111,372	$141,026	$31,700
2021	$143,381	$112,609	$109,326	$30,772
2020	$151,079	$125,618	$78,554	$25,461
2019	$170,622	$117,529	$53,093	$53,093

WESTOVER VOLUNTEER FIRE DEPARTMENT INC