VALMEAD FIRE & RESCUE DEPARTMENT IN (EIN 581487839) - 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

1958

Legal Domicile

Principal Officer

TERRANCE BANNER

Tax Period

2023-07-01 to 2024-06-30

VALMEAD FIRE & RESCUE DEPARTMENT IN, founded in 1958, is a small nonprofit in the Public Safety sector that reported $400K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $151K, a strong 38% operating margin.

Mission

VOLUNTEER FIRE DEPARTMENT & FIRE PREVENTION

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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 $182,189

Program Service Revenue $198,222

Investment Income $3,933

Other Revenue $15,347

TOTAL REVENUE $399,691

Expense Breakdown

Grants Paid $0

Salaries & Benefits $60,166

Fundraising Expenses $0

Program Expenses $248,768

Other Expenses $188,602

TOTAL EXPENSES $248,768

Year-over-Year Comparison

	2023	2022	Change
Revenue	$399,691	$335,124	+0.2%
Expenses	$248,768	$331,151	-0.2%
Net Income	$150,923	$3,973	+37.0%

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

N/A

Employees

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
CHAD GRAGG	DIRECTOR	2.00	Director	$0	$0	$0
MYRA SHORE	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD SAUNDERS	DIRECTOR	2.00	Director	$0	$0	$0
MAURICE YATES	DIRECTOR	2.00	Director	$0	$0	$0
TODD HAWKINS	DIRECTOR	2.00	Director	$0	$0	$0
MARK YATES	VICE PRESIDENT	2.00	Officer	$0	$0	$0
TERRANCE BANNER	TREASURER	10.00	Officer	$0	$0	$0
CHRIS BARLOW	PRESIDENT	2.00	Officer	$0	$0	$0
TERI COX	SECRETARY	2.00	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
2025	No data	No data	No data	No data
2024	$399,691	$248,768	$760,933	$150,923
2023	$335,124	$331,151	$610,998	$3,973
2022	$257,201	$198,154	$606,304	$59,047
2021	$335,843	$155,158	$544,941	$180,685
2020	$228,662	$144,694	$458,462	$83,968
2019	$253,683	$119,557	$405,899	$134,126

VALMEAD FIRE & RESCUE DEPARTMENT IN