HARMONY VOLUNTEER FIRE DEPARTMENT

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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

1963

Legal Domicile

Principal Officer

WESLEY SLOAN

Phone

7045462300

Tax Period

2023-04-01 to 2024-03-31

HARMONY VOLUNTEER FIRE DEPARTMENT, founded in 1963, is a small nonprofit that reported $566K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Net assets of $3.1M represent 67 months of operating reserves.

Mission

PROTECTION OF LIFE AND PROPERTY THROUGH FIREFIGHTING ACTIVITES AND PUBLIC FIRE SAFETY EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $573,828 Revenue: $529,794

FIRE PROTECTION, FIREFIGHTING AND EDUCATION OF THE PUBLIC CONCERNING FIRE SAFETY. ALSO EMERGENCY RESPONSE SERVICES.

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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 $1,177

Program Service Revenue $529,794

Investment Income $13,287

Other Revenue $21,759

TOTAL REVENUE $566,017

Expense Breakdown

Grants Paid $0

Salaries & Benefits $113,494

Fundraising Expenses $0

Program Expenses $573,828

Other Expenses $496,132

TOTAL EXPENSES $609,626

Year-over-Year Comparison

	2023	2022	Change
Revenue	$566,017	$477,489	+0.2%
Expenses	$609,626	$659,244	-0.1%
Net Income	$-43,609	$-181,755	-0.8%

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

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

$10,338

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEREMIAH CAMPBELL	VICE CHAIR	2.00	Director	$0	$0	$0
WESLEY SLOAN	FIRE CHIEF	10.00	Officer	$0	$0	$0
EDDIE RICHARDSON	ASST. FIRE C	2.00	Officer	$0	$0	$0
NOAH ANDERSON	ASST. FIRE C	2.00	Officer	$0	$0	$0
GENE POWERS	TREASURER	2.00	Director	$0	$0	$0
JUSTIN CRANFILL	FIRST CAPTAI	2.00	Officer	$0	$0	$0
MITCHELL WATKINS	SECOND CAPTI	2.00	Officer	$0	$0	$0
JUSTIN POWERS	DEPUTY CHIEF	2.00	Officer	$0	$0	$0
TODD GOODIN	CHAIRMAN	2.00	Director	$0	$0	$0
MONTI SWICEGOOD	ADMINISTRATO	10.00	Officer	$10,338	$0	$10,338
DAN HUTCHINS	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL FRYE	SAFETY OFFIC	2.00	Officer	$0	$0	$0
DAVID TOMLIN	BOARD MEMBER	2.00	Director	$0	$0	$0
ALLEN SLOAN	BOARD MEMBER	2.00	Director	$0	$0	$0
LIBRADO GONZALEZ	BOARD SECRET	2.00	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	$566,017	$609,626	$3,145,591	$-43,609
2023	$477,489	$659,244	$3,188,891	$-181,755
2022	$632,589	$622,708	$3,372,653	$9,881
2021	$494,882	$634,750	$3,366,319	$-139,868
2020	$942,083	$514,846	$3,504,288	$427,237
2019	$433,371	$462,949	$3,073,777	$-29,578