GRACE CHAPEL VOLUNTEER FIRE DEPARTMENT (EIN 561351731) - 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

1973

Legal Domicile

Principal Officer

VAN STARNES

Phone

8283961702

Tax Period

2023-07-01 to 2024-06-30

GRACE CHAPEL VOLUNTEER FIRE DEPARTMENT, founded in 1973, is a community nonprofit in the Public Safety sector that reported $1.1M in total revenue in fiscal year 2023. The organization ran a surplus of $480K, a strong 44% operating margin.

Mission

PROVIDE FIRE PROTECTION SERVICES AND FIRST RESPONDER SERVICES

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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 $326,290

Program Service Revenue $735,626

Investment Income $2,413

Other Revenue $22,730

TOTAL REVENUE $1,087,059

Expense Breakdown

Grants Paid $0

Salaries & Benefits $316,833

Fundraising Expenses $0

Program Expenses $607,531

Other Expenses $277,799

TOTAL EXPENSES $607,531

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,087,059	$1,009,182	+0.1%
Expenses	$607,531	$595,946	+0.0%
Net Income	$479,528	$413,236	+0.2%

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

N/A

Employees

N/A

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
PATRICK STARNES	PRESIDENT	0.10	Director	$0	$0	$0
VAN STARNES	TREASURER	0.10	Director	$0	$0	$0
JOSH STARNES	SECRETARY	0.10	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	No data	No data	No data	No data
2024	$1,087,059	$607,531	$5,773,207	$479,528
2023	$1,009,182	$595,946	$5,477,716	$413,236
2022	$750,838	$483,426	$5,155,777	$267,412
2021	$509,703	$453,105	$5,227,971	$56,598
2020	$684,759	$367,149	$5,341,556	$317,610
2019	$533,662	$320,148	$5,099,495	$213,514

GRACE CHAPEL VOLUNTEER FIRE DEPARTMENT