CORNWALL 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

1984

Legal Domicile

Principal Officer

ANDY CULBRETH

Tax Period

2023-01-01 to 2023-12-31

CORNWALL VOLUNTEER FIRE DEPARTMENT, founded in 1984, is a small nonprofit in the Public Safety sector that reported $134K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $43K, a strong 32% operating margin.

Mission

TO SERVE THE CITIZENS OF THE CORNWALL FIRE DISTRICT IN THE CORNWALL COMMUNITY OF GRANVILLE COUNTY BY PROVIDING FIRE SUPRESSION AND RESPONSE.

Program Service Accomplishments

Program 1

Expenses: $90,238

TO SERVE THE CITIZENS OF THE CORNWALL FIRE DISTRICT IN THE CORNWALL COMMUNITY OF GRANVILLE COUNTY BY PROVIDING FIRE SUPRESSION AND RESPONSE.

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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 $112,025

Program Service Revenue $0

Investment Income $1,141

Other Revenue $21,101

TOTAL REVENUE $134,267

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,020

Fundraising Expenses $0

Program Expenses $90,238

Other Expenses $90,388

TOTAL EXPENSES $91,408

Year-over-Year Comparison

	2023	2022	Change
Revenue	$134,267	$173,237	-0.2%
Expenses	$91,408	$72,267	+0.3%
Net Income	$42,859	$100,970	-0.6%

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

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
JERRY BLACKWELL	DIRECTOR	N/A	Director	$0	$0	$0
LANDON BLACKWELL	DIRECTOR	N/A	Director	$0	$0	$0
KERRY COLEMAN	DIRECTOR	N/A	Director	$0	$0	$0
ANDY CULBRETH	PRESIDENT	N/A	Officer Director	$0	$0	$0
TIM FRAZIER	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
SHELDON LAND	DIRECTOR	N/A	Director	$0	$0	$0
GREYSON TALBOTT	SECRETARY	N/A	Officer Director	$0	$0	$0
LEE BLACKWELL	CHIEF	N/A	Officer	$0	$0	$0
MARK BOYD	TREASURER	N/A	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
2024	No data	No data	No data	No data
2023	$134,267	$91,408	$554,591	$42,859
2022	$173,237	$72,267	$508,570	$100,970
2021	$105,932	$65,362	$405,972	$40,570
2020	$33,552	$65,994	$364,043	$-32,442
2019	$183,143	$62,241	$392,334	$120,902
2018	$95,560	$70,352	$291,432	$25,208