CORINTH VOLUNTEER FIRE DEPARTMENT (EIN 561411455) - 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

1959

Legal Domicile

Principal Officer

HARRY WILKINS

Phone

9199091500

Tax Period

2023-01-01 to 2023-12-31

CORINTH VOLUNTEER FIRE DEPARTMENT, founded in 1959, is a small nonprofit in the Public Safety sector that reported $228K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $346K exceeded revenue, resulting in a 52% operating deficit.

Mission

FIREFIGHTING, RESCUE AND STORM CLEANUP

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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 $202,694

Program Service Revenue $0

Investment Income $991

Other Revenue $24,479

TOTAL REVENUE $228,164

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,949

Fundraising Expenses $0

Program Expenses $346,082

Other Expenses $329,158

TOTAL EXPENSES $346,107

Year-over-Year Comparison

	2023	2022	Change
Revenue	$228,164	$273,873	-0.2%
Expenses	$346,107	$106,817	+2.2%
Net Income	$-117,943	$167,056	-1.7%

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

N/A

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
DAVID ADCOCK	SECRETARY	10.00	Officer	$0	$0	$0
GERALD FREEMAN	VICE CHAIRMA	10.00	Officer	$0	$0	$0
ROBERT LAND	CHAIRMAN	10.00	Officer	$0	$0	$0
HARRY WILKINS	TREASURER	10.00	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	No data	No data	No data	No data
2023	$228,164	$346,107	$1,393,173	$-117,943
2022	$273,873	$106,817	$1,348,229	$167,056
2021	$220,243	$163,640	$1,107,047	$56,603
2020	$104,743	$52,449	$912,193	$52,294

CORINTH VOLUNTEER FIRE DEPARTMENT