FRISCO FIRE PREVENTION ASSOCIATION INC (EIN 561314007) - 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

1976

Legal Domicile

Principal Officer

THOMAS VOLKMANN

Tax Period

2022-01-01 to 2022-12-31

FRISCO FIRE PREVENTION ASSOCIATION INC, founded in 1976, is a small nonprofit in the Public Safety sector that reported $380K in total revenue in fiscal year 2022. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $207K, a strong 54% operating margin.

Mission

TO RESPOND TO FIRES AND OTHER DANGERS TO PROPERTY AND LIFE WITHIN THE FRISCO AND SURROUNDING COMMUNITIES AND TO ENCOURAGE FIRE PREVENTION THROUGHOUT THE COMMUNITY THROUGH EDUCATIONAL AND OTHER COMMUNITY SERVICE PROJECTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $371,398

Program Service Revenue $0

Investment Income $5,222

Other Revenue $3,041

TOTAL REVENUE $379,661

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,890

Fundraising Expenses $0

Program Expenses $172,770

Other Expenses $159,880

TOTAL EXPENSES $172,770

Year-over-Year Comparison

	2022	2021	Change
Revenue	$379,661	$239,775	+0.6%
Expenses	$172,770	$220,913	-0.2%
Net Income	$206,891	$18,862	+10.0%

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

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
THOMAS VOLKMANN	PRESIDENT	N/A	Officer Director	$0	$0	$0
JACK MERRY	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
CHERYL ALTMAN	TREASURER	N/A	Officer Director	$0	$0	$0
CRYSTAL CARY	SECRETARY	N/A	Officer Director	$0	$0	$0
GARY PATCHEL	PAST PRESIDE	N/A	Officer Director	$0	$0	$0
TROY SCROGGIN	PAST SECRETA	N/A	Officer Director	$0	$0	$0
STEPHEN FARANELLO	CHIEF	N/A	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
2022	$379,661	$172,770	$1,237,568	$206,891
2021	$239,775	$220,913	$1,057,183	$18,862
2020	$151,423	$243,344	$1,043,163	$-91,921
2019	$314,204	$172,095	$1,129,628	$142,109
2018	$211,478	$157,150	$981,634	$54,328

FRISCO FIRE PREVENTION ASSOCIATION INC