Badin Volunteer Fire Department Inc (EIN 561839784) - 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

1963

Legal Domicile

Principal Officer

Donna Jones

Phone

7049910217

Tax Period

2023-01-01 to 2023-12-31

Badin Volunteer Fire Department Inc, founded in 1963, is a small nonprofit in the Public Safety sector that reported $197K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $60K, a strong 30% operating margin.

Mission

Maintain, operate and perform volunteer fire protection services within the defined fire protection district.

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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 $192,204

Program Service Revenue $0

Investment Income $673

Other Revenue $4,251

TOTAL REVENUE $197,128

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,119

Fundraising Expenses $0

Program Expenses $124,702

Other Expenses $128,098

TOTAL EXPENSES $137,217

Year-over-Year Comparison

	2023	2022	Change
Revenue	$197,128	$259,221	-0.2%
Expenses	$137,217	$233,558	-0.4%
Net Income	$59,911	$25,663	+1.3%

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

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
Dale Ward	President	20.00	Officer Director	$0	$0	$0
Donna Jones	Secretary	15.00	Director	$0	$0	$0
Ray Smith	Chaplain	15.00	Director	$0	$0	$0
Polly Martin	Fire Commissioner	10.00	Director	$0	$0	$0
Nancy Rummage	Fire Commissioner	10.00	Director	$0	$0	$0
Vickie Winfrey	Treasurer	10.00	Director	$0	$0	$0
Terry Eudy	Assistant Chief	15.00	Officer	$0	$0	$0
Eric Rummage	Hose Captain	15.00	Officer	$0	$0	$0
Melissa Eudy	Training Captain	15.00	Officer	$0	$0	$0
Amy Rummage	EMS Captain	15.00	Officer	$0	$0	$0
Timothy Jarman	Chief	15.00	Officer	$0	$0	$0
Demar Huntly	Truck Captain	15.00	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
2024	No data	No data	No data	No data
2023	$197,128	$137,217	$1,382,313	$59,911
2022	$259,221	$233,558	$1,354,105	$25,663
2021	$207,688	$147,113	$1,360,664	$60,575
2020	$202,191	$143,154	$981,039	$59,037

Badin Volunteer Fire Department Inc