LAUREL SPRINGS VOLUNTEER FIRE DEPARTMENT INC (EIN 581383151) - 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

1976

Legal Domicile

Tax Period

2023-09-01 to 2024-08-31

LAUREL SPRINGS VOLUNTEER FIRE DEPARTMENT INC, founded in 1976, is a small nonprofit that reported $294K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Net assets of $729K represent 30 months of operating reserves.

Mission

THE ORGANIZATIONS MISSION IS TO PROVIDE EMERGENCY FIRE AND MEDICAL SERVICES TO THE COMMUNITYWHENEVER REQUESTED OR AS NEEDED.

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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 $290,470

Program Service Revenue $197

Investment Income $469

Other Revenue $2,962

TOTAL REVENUE $294,098

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,721

Fundraising Expenses $1,587

Program Expenses $298,360

Other Expenses $258,912

TOTAL EXPENSES $313,633

Year-over-Year Comparison

	2023	2022	Change
Revenue	$294,098	$443,680	-0.3%
Expenses	$313,633	$391,378	-0.2%
Net Income	$-19,535	$52,302	-1.4%

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
PAUL COFFEY	BOARD MEMBER	5.00	Director	$0	$0	$0
CODY DANCY	BOARD MEMBER	5.00	Director	$0	$0	$0
JOHNNY SEGRAVES	BOARD MEMBER	5.00	Director	$0	$0	$0
TRACY TAYLOR	BOARD MEMBER	5.00	Director	$0	$0	$0
JEFF BLEVINS	BOARD MEMBER	5.00	Director	$0	$0	$0
MARK WAGG	PRESIDENT	5.00	Officer Director	$0	$0	$0
HAROLD BOWLIN	TREASURER	5.00	Officer Director	$0	$0	$0
BILL WOMBLE	SECRETARY	5.00	Officer Director	$0	$0	$0
DWAYNE BRIGHT	VICE PRESIDENT	5.00	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	$294,098	$313,633	$845,158	$-19,535
2023	$443,680	$391,378	$880,961	$52,302
2022	$378,182	$236,921	$820,890	$141,261
2021	$213,381	$107,515	$712,720	$105,866
2020	$178,851	$191,450	$629,327	$-12,599
2019	$180,686	$214,169	$661,862	$-33,483
2018	$147,935	$189,168	$712,163	$-41,233

LAUREL SPRINGS VOLUNTEER FIRE DEPARTMENT INC