Breeding Area Volunteer Fire Department Inc (EIN 611322142) - 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

1998

Legal Domicile

Principal Officer

TERRY HARVEY

Phone

2703785700

Tax Period

2024-01-01 to 2024-12-31

Breeding Area Volunteer Fire Department Inc, founded in 1998, is a small nonprofit that reported $102K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $119K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROTECT THE LIFE AND PROPERTY OF THE CITIZENS IN THE SOUTHERN PART OF ADAIR COUNTY, KY. PRIMARY FOCUS WILL BE ON THE THREAT OF FIRE BUT ALSO COOPERATING WITH OTHER EMERGENCY SERVICES IN THE LOCAL AND SURROUNDING AREA.

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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 $100,983

Program Service Revenue $1,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $101,983

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $119,379

Other Expenses $119,379

TOTAL EXPENSES $119,379

Year-over-Year Comparison

	2024	2023	Change
Revenue	$101,983	$79,834	+0.3%
Expenses	$119,379	$66,365	+0.8%
Net Income	$-17,396	$13,469	-2.3%

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
TERRY HARVEY	FIRE CHIEF, TRUSTEE	20	Director	$0	$0	$0
NATHAN JENNINGS	PRESIDENT, TRUSTEE	19	Officer Director	$0	$0	$0
LINDA AFFOLTNER	TRUSTEE	3	Director	$0	$0	$0
JERRY WALKER	TRUSTEE	10	Director	$0	$0	$0
TIMOTHY JENNINGS	ASSISTANT CHIEF, TRUSTEE	11	Officer Director	$0	$0	$0
BRANDON HARVEY	SECRETARY	14	Officer	$0	$0	$0
CARLOTTA YARBERRY	TREASURER	18	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	$101,983	$119,379	$1,957,562	$-17,396
2023	$79,834	$66,365	$1,899,963	$13,469
2022	$76,364	$72,929	$1,905,347	$3,435
2021	$200,515	$213,888	$1,877,295	$-13,373
2020	$40,542	$45,741	$1,712,556	$-5,199
2019	$57,780	$74,138	$1,708,792	$-16,358

Breeding Area Volunteer Fire Department Inc