LOVELADY VOLUNTEER FIRE DEPT (EIN 561402701) - 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

1960

Legal Domicile

Phone

8288799028

Tax Period

2024-07-01 to 2025-06-30

LOVELADY VOLUNTEER FIRE DEPT, founded in 1960, is a small nonprofit in the Public Safety sector that reported $873K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $340K, a strong 39% operating margin.

Mission

PROVIDE PROTECTION OF PROPERTY TO ORGANIZE TRAIN & EQUIP A VOLUNTEER FIRE DEPARTMENT

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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 $819,316

Program Service Revenue $0

Investment Income $53,859

Other Revenue $0

TOTAL REVENUE $873,175

Expense Breakdown

Grants Paid $0

Salaries & Benefits $129,097

Fundraising Expenses $0

Program Expenses $506,764

Other Expenses $404,046

TOTAL EXPENSES $533,143

Year-over-Year Comparison

	2024	2023	Change
Revenue	$873,175	$1,233,047	-0.3%
Expenses	$533,143	$478,238	+0.1%
Net Income	$340,032	$754,809	-0.5%

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

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
Nick Reed Jr Jr	FD Chief	10.00	Director Key Emp	$0	$0	$0
Jonathan Holden	FD Deputy Chief	5.00	Director Key Emp	$0	$0	$0
Reed C Bowman	FD Asst Chief	5.00	Director Key Emp	$0	$0	$0
Nick Reed Sr Sr	FD Lieutenant	5.00	Director	$0	$0	$0
Bob Smith	BOD Chair	5.00	Director	$0	$0	$0
Lee Carswell	BOD Vice Chair	3.00	Director	$0	$0	$0
Walt Sudderth	BOD Treasurer	10.00	Officer Director	$0	$0	$0
Thomas Humphries	Board	3.00	Director	$0	$0	$0
James Southerland	Board	3.00	Director	$0	$0	$0
Robert Stevenson	Board	3.00	Director	$0	$0	$0
Robert Woody	Board	3.00	Director	$0	$0	$0
Robert Wycoff	Board	3.00	Director	$0	$0	$0
Tim Hubbard	FD Captain	5.00	Officer	$0	$0	$0
Christopher N Coleman	FD Lieutenant	5.00	Officer	$0	$0	$0
Josh Benefield	FD Lieutenant	5.00	Officer	$0	$0	$0
Eddie Zimmerman	BOD Secretary	3.00	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	$873,175	$533,143	$3,769,933	$340,032
2024	$1,239,989	$478,238	$3,432,078	$761,751
2023	$657,976	$441,276	$2,672,037	$216,700
2022	$587,287	$426,758	$2,453,434	$160,529
2021	$524,967	$417,894	$2,290,603	$107,073
2020	$517,419	$426,827	$2,184,037	$90,592
2019	$483,622	$367,621	$2,096,688	$116,001
2018	$460,728	$371,756	$1,976,378	$88,972

LOVELADY VOLUNTEER FIRE DEPT