PATRICK RURAL VOLUNTEER FIRE DEPARTMENT (EIN 570922566) - 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

1991

Legal Domicile

Principal Officer

STEVE WALTERS

Phone

8433073181

Tax Period

2024-01-01 to 2024-12-31

PATRICK RURAL VOLUNTEER FIRE DEPARTMENT, founded in 1991, is a micro nonprofit in the Public Safety sector that reported $83K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $124K exceeded revenue, resulting in a 49% operating deficit.

Mission

MAINTAIN SUPPORT, INCLUDING NECESSARY FIREFIGHTING EQUIPMENT AND VOLUNTEER PERSONNEL TO PATRICK AND SURROUNDING COMMUNITIES WITH QUALITY FIRE PROTECTION

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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 (2024)

Revenue Breakdown

Contributions & Grants $18,780

Program Service Revenue $64,475

Investment Income $0

Other Revenue $0

TOTAL REVENUE $83,255

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $123,615

Other Expenses $124,280

TOTAL EXPENSES $124,280

Year-over-Year Comparison

	2024	2023	Change
Revenue	$83,255	$87,800	-0.1%
Expenses	$124,280	$96,884	+0.3%
Net Income	$-41,025	$-9,084	+3.5%

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

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
STEVE WALTERS	CHAIRMAN	5.00	Officer	$0	$0	$0
ROGER BYRD	FIRE CHIEF	1.00	Director	$0	$0	$0
RONALD GRIGGS	TREASURER	1.00	Officer	$0	$0	$0
JOHN JAMES	VICE CHAIRMAN	1.00	Officer	$0	$0	$0
CYNTHIA MCCORMICK	DIRECTOR	1.00	Director	$0	$0	$0
JEFF BURRELL	TREASURER	1.00	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	$83,255	$124,280	$476,718	$-41,025
2023	$87,800	$96,884	$517,743	$-9,084
2022	$344,502	$57,061	$526,827	$287,441

PATRICK RURAL VOLUNTEER FIRE DEPARTMENT