MILLERS CREEK VOLUNTEER FIRE DEPARTMENT INC (EIN 561150431) - 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

JOE RANKIN

Phone

3368383227

Tax Period

2024-07-01 to 2025-06-30

MILLERS CREEK VOLUNTEER FIRE DEPARTMENT INC, founded in 1956, is a small nonprofit that reported $802K in total revenue in fiscal year 2024.

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 $749,918

Program Service Revenue $0

Investment Income $4,249

Other Revenue $48,167

TOTAL REVENUE $802,334

Expense Breakdown

Grants Paid $0

Salaries & Benefits $225,350

Fundraising Expenses $0

Program Expenses $870,792

Other Expenses $645,442

TOTAL EXPENSES $870,792

Year-over-Year Comparison

	2024	2023	Change
Revenue	$802,334	$765,658	+0.0%
Expenses	$870,792	$802,309	+0.1%
Net Income	$-68,458	$-36,651	+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

Independent Members

Employees

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

$30,928

Total Directors

$45,010

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBBIE BOLIN	CHIEF	25.00	Officer Director	$29,040	$0	$29,040
JIM BOLIN	DIRECTOR	20.00	Director	$12,822	$0	$12,822
JAKE GOULDS	SECRETARY/TR	2.00	Officer Director	$1,888	$0	$1,888
MIKE REEVES	DIRECTOR	1.00	Director	$1,260	$0	$1,260
MIKE CARDWELL	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
LARRY ELLER	DIRECTOR	1.00	Director	$0	$0	$0
JOE RANKIN	PRESIDENT	2.00	Officer Director	$0	$0	$0
RUSSELL WALKER	DIRECTOR	1.00	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
2025	$802,334	$870,792	$1,947,533	$-68,458
2024	$765,658	$802,309	$2,167,923	$-36,651
2023	$720,665	$746,731	$2,420,047	$-26,066
2022	$674,555	$498,865	$1,837,772	$175,690
2021	$614,717	$422,932	$1,422,327	$191,785
2020	$523,964	$452,906	$1,357,991	$71,058
2019	$517,128	$472,313	$1,408,517	$44,815

MILLERS CREEK VOLUNTEER FIRE DEPARTMENT INC