SILK HOPE VOLUNTEER 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

1965

Legal Domicile

Principal Officer

JOE WRIGHT

Phone

9197425874

Tax Period

2024-07-01 to 2025-06-30

SILK HOPE VOLUNTEER FIRE DEPARTMENT, founded in 1965, is a small nonprofit that reported $835K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $364K, a strong 44% operating margin.

Mission

PROTECTION AND PRESERVATION OF LIFE AND PROPERTY AGAINST INJURY AND DESTRUCTION BY FIRE.

Program Service Accomplishments

Program 1

Expenses: $382,937

PROTECTION AND PRESERVATION OF LIFE AND PROPERTY AGAINST INJURY AND DESTRUCTION BY FIRE.

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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 $2,890

Program Service Revenue $768,801

Investment Income $34,743

Other Revenue $28,125

TOTAL REVENUE $834,559

Expense Breakdown

Grants Paid $0

Salaries & Benefits $92,647

Fundraising Expenses $2,474

Program Expenses $382,937

Other Expenses $377,452

TOTAL EXPENSES $470,099

Year-over-Year Comparison

	2024	2023	Change
Revenue	$834,559	$661,225	+0.3%
Expenses	$470,099	$400,489	+0.2%
Net Income	$364,460	$260,736	+0.4%

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
WILL COOPER	Director	2.00	Director	$0	$0	$0
SONNY DIXON	PUBLICITY	0.00	Director	$0	$0	$0
RON ELKINS	Vice President	2.00	Officer Director	$0	$0	$0
MARK GAINES	CHIEF	0.00	Director	$0	$0	$0
RILEY CULBERSON	Director	2.00	Director	$0	$0	$0
JOHNNIE D HINSLEY III	Treasurer	2.00	Officer Director	$0	$0	$0
SAM PERRY	Director	0.00	Director	$0	$0	$0
DANIEL RICKARD	Director	0.00	Director	$0	$0	$0
BARBARA SOST	Director	0.00	Director	$0	$0	$0
JON VAN SICKLE	Secretary	2.00	Officer Director	$0	$0	$0
JOE WRIGHT	President	2.00	Officer Director	$0	$0	$0
MARCUS NETTLES	Director	0.00	Director	$0	$0	$0
DAVID WHITFIELD	Director	0.00	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
2025	$834,559	$470,099	$3,081,248	$364,460
2024	$661,225	$400,489	$2,781,946	$260,736
2023	$701,112	$417,318	$2,611,227	$283,794
2023	$705,044	$392,558	$2,649,373	$312,486
2022	$584,965	$412,746	$2,457,433	$172,219
2021	$482,873	$390,394	$2,393,825	$92,479
2020	$471,720	$388,830	$2,467,242	$82,890
2019	$446,424	$384,676	$2,431,912	$61,748
2018	$437,286	$286,322	$2,469,972	$150,964