Griffins Township Fire Department

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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

Bruce Peele Jr

Phone

2522179057

Tax Period

2023-07-01 to 2024-06-30

Griffins Township Fire Department, founded in 1956, is a small nonprofit in the Public Safety sector that reported $128K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Net assets of $589K represent 55 months of operating reserves.

Mission

Volunteer fire department & emergency response volunteers.

Program Service Accomplishments

Program 1

Expenses: $140,185

To provide fire protection to the citizens residing in the Griffins Township area of Martin County and to provide assistance to other area fire departments when needed.

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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 $126,290

Program Service Revenue $0

Investment Income $1,600

Other Revenue $0

TOTAL REVENUE $127,890

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $140,185

Other Expenses $138,325

TOTAL EXPENSES $140,185

Year-over-Year Comparison

	2023	2022	Change
Revenue	$127,890	$187,455	-0.3%
Expenses	$140,185	$164,767	-0.1%
Net Income	$-12,295	$22,688	-1.5%

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

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
Larry Wynn	Director	1.00	Director	$0	$0	$0
Brett Roberson	Director	1.00	Director	$0	$0	$0
James Nicholson	Chief	1.00	Director	$0	$0	$0
Ryan Kennedy	Director	1.00	Director	$0	$0	$0
Henry Bowen	Vice President	1.00	Officer	$0	$0	$0
Rodney Corey	President	1.00	Officer	$0	$0	$0
Bruce Peele Jr	Treasurer	2.00	Officer	$0	$0	$0
Beth Griffin	Secretary	1.00	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	No data	No data	No data	No data
2024	$127,890	$140,185	$663,249	$-12,295
2023	$187,455	$164,767	$804,669	$22,688
2022	$136,796	$132,710	$813,209	$4,086
2021	$112,442	$131,867	$839,353	$-19,425
2020	$120,663	$152,932	$888,043	$-32,269
2019	$126,067	$142,688	$948,507	$-16,621