VERONA VOLUNTEER FIRE DEPARTMENTINC

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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

1961

Legal Domicile

Principal Officer

KENNETH W THOMAS

Phone

9104554772

Tax Period

2024-07-01 to 2025-06-30

VERONA VOLUNTEER FIRE DEPARTMENTINC, founded in 1961, is a small nonprofit that reported $221K in total revenue in fiscal year 2024. Revenue fell 60% from the prior year — a significant decline worth monitoring. Net assets of $1.4M represent 75 months of operating reserves.

Mission

TO PROVIDE FIRE PROTECTION FOR INDIVIDUALS AND BUSINESSES WITHIN THE LOCAL FIRE DISTRICT AND SURROUNDING AREAS.

Program Service Accomplishments

Program 1

Expenses: $210,260 Revenue: $220,708

PROVIDE FIRE PROTECTION TO CITIZENS OF VERONA AND SURROUNDING AREAS.

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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 $196,411

Program Service Revenue $7,072

Investment Income $17,225

Other Revenue $0

TOTAL REVENUE $220,708

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $210,260

Other Expenses $214,910

TOTAL EXPENSES $214,910

Year-over-Year Comparison

	2024	2023	Change
Revenue	$220,708	$551,332	-0.6%
Expenses	$214,910	$179,345	+0.2%
Net Income	$5,798	$371,987	-1.0%

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

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
KENNETH W THOMAS	TREASURER	6.00	Officer	$0	$0	$0
TOBY THOMAS	VICE-CHAIRPERSON	6.00	Officer	$0	$0	$0
GREG CAPPS	MEMBER	6.00	Officer	$0	$0	$0
EDSEL OTTAWAY	CHAIRPERSON	6.00	Officer	$0	$0	$0
DAVID W PARKER	MEMBER	6.00	Officer	$0	$0	$0
JACOB L POMEROY	MEMBER	6.00	Officer	$0	$0	$0
CARL D SANDERS	MEMBER	6.00	Officer	$0	$0	$0
WAYNE C SILENCE	MEMBER	6.00	Officer	$0	$0	$0
RICHARD W SIMPSON	MEMBER	6.00	Officer	$0	$0	$0
MATTHEW P THOMAS	MEMBER	6.00	Officer	$0	$0	$0
EDDIE F WILLIAMSON	MEMBER	6.00	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	$220,708	$214,910	$1,385,404	$5,798
2024	$551,332	$179,345	$1,379,917	$371,987
2023	$194,940	$159,252	$1,007,809	$35,688
2022	$177,072	$133,540	$972,351	$43,532
2021	$140,058	$132,739	$932,203	$7,319
2020	$164,458	$146,239	$921,983	$18,219
2019	$150,182	$145,409	$904,709	$4,773