BELFRY VOLUNTEER FIRE DEPARTMENT LTD (EIN 611050038) - 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

2002

Legal Domicile

Principal Officer

CHARLES MAYNARD

Phone

6063538026

Tax Period

2023-01-01 to 2023-12-31

BELFRY VOLUNTEER FIRE DEPARTMENT LTD, founded in 2002, is a small nonprofit in the Public Safety sector that reported $193K in total revenue in fiscal year 2023. Expenses of $221K exceeded revenue, resulting in a 15% operating deficit.

Mission

FIRE PROTECTION & EMERGENCY 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 $192,448

Program Service Revenue $0

Investment Income $58

Other Revenue $0

TOTAL REVENUE $192,506

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $122,373

Other Expenses $220,936

TOTAL EXPENSES $220,936

Year-over-Year Comparison

	2023	2022	Change
Revenue	$192,506	$179,012	+0.1%
Expenses	$220,936	$199,815	+0.1%
Net Income	$-28,430	$-20,803	+0.4%

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

N/A

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
CHARLES MAYNARD	PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHAEL BROWN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
GREG SWAFFORD	SECRETARY	2.00	Officer Director	$0	$0	$0
KEVIN W VARNEY	TREASURER	2.00	Officer	$0	$0	$0
CECIL HATFIELD	DIRECTOR	2.00	Director	$0	$0	$0
RODNEY VARNEY	DIRECTOR	2.00	Director	$0	$0	$0
JOHNNY HATFIELD	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN BOOTH	DIRECTOR/BOARD CHAIR	2.00	Director	$0	$0	$0
MATT MARCUM	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$192,506	$220,936	$676,417	$-28,430
2022	$179,012	$199,815	$623,010	$-20,803
2021	$92,902	$156,504	$638,440	$-63,602
2020	$84,555	$149,507	$682,805	$-64,952
2019	$282,108	$369,558	$747,750	$-87,450
2018	$107,413	$150,807	$585,818	$-43,394

BELFRY VOLUNTEER FIRE DEPARTMENT LTD