FRANKLIN COMMUNITY VOLUNTEER FIRE DEPT INC (EIN 561253690) - 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

1959

Legal Domicile

Principal Officer

SHEREE BARNARD

Phone

3367862213

Tax Period

2023-01-01 to 2023-12-31

FRANKLIN COMMUNITY VOLUNTEER FIRE DEPT INC, founded in 1959, is a small nonprofit in the Public Safety sector that reported $511K in total revenue in fiscal year 2023. The organization ran a surplus of $82K, a strong 16% operating margin.

Mission

VOLUNTEER FIRE DEPT - TO PROTECT OUR COMMUNITY

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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 $511,372

Program Service Revenue $0

Investment Income $0

Other Revenue $23

TOTAL REVENUE $511,395

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,812

Fundraising Expenses $0

Program Expenses $388,858

Other Expenses $317,715

TOTAL EXPENSES $429,527

Year-over-Year Comparison

	2023	2022	Change
Revenue	$511,395	$501,789	+0.0%
Expenses	$429,527	$417,329	+0.0%
Net Income	$81,868	$84,460	0.0%

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

$17,950

Total Directors

$17,950

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG COBLE	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN BOWMEN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK SOOTS	BOARD MEMBER	1.00	Director	$0	$0	$0
SHEREE BARNARD	TREASURER	20.00	Officer Director	$4,200	$0	$4,200
JOHNNY HIATT	FIRE CHIEF	20.00	Officer Director	$13,750	$0	$13,750
PAUL KNIGHTLY	BOARD MEMBER	1.00	Director	$0	$0	$0
ANTHONY SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICK OWEN	BOARD MEMBER	1.00	Director	$0	$0	$0
DANNY ROGERS	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS MCHONE	BOARD MEMBER	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
2024	No data	No data	No data	No data
2023	$511,395	$429,527	$4,723,068	$81,868
2022	$501,789	$417,329	$4,742,698	$84,460
2021	$467,748	$315,449	$4,061,920	$152,299

FRANKLIN COMMUNITY VOLUNTEER FIRE DEPT INC