WILLIAMSBURG FIRE DEPARTMENT AND RESCUE INCORPORATED (EIN 566065812) - 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

1965

Legal Domicile

Principal Officer

EDDIE COLEMAN

Phone

3363424097

Tax Period

2023-01-01 to 2023-12-31

WILLIAMSBURG FIRE DEPARTMENT AND RESCUE INCORPORATED, founded in 1965, is a small nonprofit that reported $382K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $574K exceeded revenue, resulting in a 50% operating deficit.

Mission

PROVIDE VOLUNTEER FIRE AND RESCUE SERVICES TO CITIZENS AND BUSINESSES OF THE WILLIAMSBURG FIRE 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 $344,610

Program Service Revenue $0

Investment Income $3,945

Other Revenue $33,537

TOTAL REVENUE $382,092

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,554

Fundraising Expenses $0

Program Expenses $573,577

Other Expenses $529,863

TOTAL EXPENSES $573,577

Year-over-Year Comparison

	2023	2022	Change
Revenue	$382,092	$451,750	-0.2%
Expenses	$573,577	$505,399	+0.1%
Net Income	$-191,485	$-53,649	+2.6%

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

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
EDDIE COLEMAN	SEC/TREAS	N/A	Officer Director	$0	$0	$0
JACK HALL	DIRECTOR	N/A	Director	$0	$0	$0
RICKY HIGGINS	DIRECTOR	N/A	Director	$0	$0	$0
BRUCE JONES	DIRECTOR	N/A	Director	$0	$0	$0
JOEL MADREN	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
MIKE MCKINNEY	DIRECTOR	N/A	Director	$0	$0	$0
RONALD PERKINS	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT PERKINS	DIRECTOR	N/A	Director	$0	$0	$0
STEVEN PERKINS	DIRECTOR, CH	N/A	Director	$0	$0	$0
TONY PRUITT	DIRECTOR	N/A	Director	$0	$0	$0
RANDY STANLEY	CHAIRMAN	N/A	Officer Director	$0	$0	$0
ANGIE WARD	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT WHITTEN	DIRECTOR	N/A	Director	$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	$382,092	$573,577	$1,702,451	$-191,485
2022	$451,750	$505,399	$1,965,376	$-53,649
2021	$363,719	$483,035	$2,095,944	$-119,316
2020	$405,199	$360,927	$1,707,214	$44,272
2019	$317,715	$377,721	$1,629,719	$-60,006

WILLIAMSBURG FIRE DEPARTMENT AND RESCUE INCORPORATED