BOLIVIA VOLUNTEER FIRE DEPARTMENT (EIN 561288799) - 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

1975

Principal Officer

KEVIN JUSTICE

Phone

9102535025

Tax Period

2024-07-01 to 2025-06-30

BOLIVIA VOLUNTEER FIRE DEPARTMENT, founded in 1975, is a small nonprofit in the Public Safety sector that reported $454K in total revenue in fiscal year 2024. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $668K exceeded revenue, resulting in a 47% operating deficit.

Mission

TO PROVIDE PROTECTION OF LIVES AND PROPERTY FROM FIRE, AS WELL AS EMERGENCY RESPONSE TO ACCIDENTS AND OTHER DISASTERS, WITHIN THE COMMUNITY OF BOLIVIA, NC AND SURROUNDING AREAS.

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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 $450,017

Program Service Revenue $0

Investment Income $3,638

Other Revenue $0

TOTAL REVENUE $453,655

Expense Breakdown

Grants Paid $0

Salaries & Benefits $251,694

Fundraising Expenses $0

Program Expenses $614,429

Other Expenses $416,468

TOTAL EXPENSES $668,162

Year-over-Year Comparison

	2024	2023	Change
Revenue	$453,655	$1,415,695	-0.7%
Expenses	$668,162	$497,404	+0.3%
Net Income	$-214,507	$918,291	-1.2%

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

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
KEVIN JUSTICE	PRESIDENT	N/A	Officer	$0	$0	$0
AUSTIN LANCASTER	VICE-PRESIDE	N/A	Officer	$0	$0	$0
MARION MERCER	SECRETARY	N/A	Officer	$0	$0	$0
KENT PHILLIPS	MEMBER	N/A	Officer	$0	$0	$0
CAMERON RAVE	TREASURER	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	$453,655	$668,162	$2,572,657	$-214,507
2024	$1,415,695	$497,404	$2,740,722	$918,291
2023	$533,522	$414,324	$1,861,301	$119,198
2022	$518,249	$391,893	$1,777,216	$126,356
2021	$390,675	$413,789	$1,584,070	$-23,114
2020	$358,231	$431,334	$1,483,465	$-73,103
2019	$365,744	$309,050	$1,568,184	$56,694
2018	$320,412	$299,651	$1,484,784	$20,761

BOLIVIA VOLUNTEER FIRE DEPARTMENT