RED OAK VOLUNTEER FIRE DEPARTMENT (EIN 561391685) - 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

1957

Legal Domicile

Principal Officer

AL MAY

Phone

2524591204

Tax Period

2023-07-01 to 2024-06-30

RED OAK VOLUNTEER FIRE DEPARTMENT, founded in 1957, is a small nonprofit in the Public Safety sector that reported $791K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $156K, a strong 20% operating margin.

Mission

VOLUNTEER FIRE PROTECTION AND TRAINING

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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 $688,889

Program Service Revenue $0

Investment Income $24,071

Other Revenue $77,641

TOTAL REVENUE $790,601

Expense Breakdown

Grants Paid $0

Salaries & Benefits $166,589

Fundraising Expenses $0

Program Expenses $594,545

Other Expenses $468,512

TOTAL EXPENSES $635,101

Year-over-Year Comparison

	2023	2022	Change
Revenue	$790,601	$705,845	+0.1%
Expenses	$635,101	$765,566	-0.2%
Net Income	$155,500	$-59,721	-3.6%

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

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
ANDREW BROWN	BOARD MEMBER	N/A	Director	$0	$0	$0
JOEY CARY	BOARD MEMBER	N/A	Director	$0	$0	$0
BRENT FISHER	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
ROY GARNER	BOARD MEMBER	N/A	Director	$0	$0	$0
PAT GRIFFIN	BOARD MEMBER	N/A	Director	$0	$0	$0
DOUG JOHNSON	BOARD MEMBER	N/A	Director	$0	$0	$0
LEVELLE LANGLEY	VICE-CHAIR	N/A	Officer Director	$0	$0	$0
AL MAY	CHAIRMAN	N/A	Officer Director	$0	$0	$0
BRANDON MOORE	BOARD MEMBER	N/A	Director	$0	$0	$0
BRAXTON TANNER	BOARD MEMBER	N/A	Director	$0	$0	$0
TODD WELLS	BOARD MEMBER	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
2025	No data	No data	No data	No data
2024	$790,601	$635,101	$3,584,300	$155,500
2023	$705,845	$765,566	$3,500,266	$-59,721
2022	$553,582	$628,447	$3,626,736	$-74,865
2022	$619,775	$1,074,729	$3,767,587	$-454,954
2021	$604,934	$544,617	$3,767,586	$60,317
2020	$592,551	$420,904	$3,769,417	$171,647
2019	$588,888	$395,444	$3,720,487	$193,444
2018	$561,561	$423,088	$3,587,768	$138,473

RED OAK VOLUNTEER FIRE DEPARTMENT