MINERAL SPRINGS VOLUNTEER FIRE & RESCUE INC (EIN 566193986) - 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

1968

Principal Officer

GARY STYERS

Phone

3367250635

Tax Period

2023-07-01 to 2024-06-30

MINERAL SPRINGS VOLUNTEER FIRE & RESCUE INC, founded in 1968, is a small nonprofit in the Public Safety sector that reported $347K in total revenue in fiscal year 2023. Expenses of $405K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE FIRE AND RESCUE SERVICES TO THOSE INSIDE THE SERVICE AREA WITHOUT CHARGE

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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 $0

Program Service Revenue $326,894

Investment Income $17,911

Other Revenue $2,415

TOTAL REVENUE $347,220

Expense Breakdown

Grants Paid $0

Salaries & Benefits $123,285

Fundraising Expenses $0

Program Expenses $396,848

Other Expenses $281,860

TOTAL EXPENSES $405,145

Year-over-Year Comparison

	2023	2022	Change
Revenue	$347,220	$347,430	0.0%
Expenses	$405,145	$346,994	+0.2%
Net Income	$-57,925	$436	-133.9%

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

$21,938

Total Directors

$21,938

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NORMAN WALKER	CHIEF	20.00	Officer Director	$21,938	$0	$21,938
MARK AHERON	CHAPLAIN	2.00	Director	$0	$0	$0
TERRY CAUDLE	BUILDING AND	2.00	Director	$0	$0	$0
DAWN HATCHER	ASSISTANT SE	2.00	Officer Director	$0	$0	$0
ANDY HUNDLEY	ASSISTANT CH	2.00	Director	$0	$0	$0
HARVEY JESSUP	ASSISTANT CH	2.00	Director	$0	$0	$0
B J JOYCE	DEPUTY CHIEF	15.00	Director	$0	$0	$0
CLIFTON KILBY	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
APRIL KNIGHT	LADIES AUXIL	2.00	Director	$0	$0	$0
ROMMIE KNIGHT	SECRETARY	5.00	Officer Director	$0	$0	$0
SANDRA LANIER	TREASURER	10.00	Officer Director	$0	$0	$0
ROSS PATTERSON	SARGENT OF A	2.00	Director	$0	$0	$0
DAVID SMITH	ASST TREASUR	2.00	Officer Director	$0	$0	$0
GARY STYERS	PRESIDENT	10.00	Officer 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
2025	No data	No data	No data	No data
2024	$347,220	$405,145	$669,243	$-57,925
2023	$347,430	$346,994	$728,423	$436
2022	$299,184	$385,664	$760,718	$-86,480
2021	$523,457	$299,040	$647,782	$224,417
2020	$273,759	$263,239	$423,362	$10,520
2019	$252,863	$278,285	$413,356	$-25,422

MINERAL SPRINGS VOLUNTEER FIRE & RESCUE INC