SOUTH OLDHAM FIRE DEPARTMENT INC

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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

1952

Legal Domicile

Principal Officer

DAVID W THOMPSON

Phone

5022418992

Tax Period

2024-07-01 to 2025-06-30

SOUTH OLDHAM FIRE DEPARTMENT INC, founded in 1952, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024. Expenses of $2.7M left a modest 14% surplus.

Mission

FIRE SERVICE IS EXTENDED TO ALL RESIDENTS AND BUSINESSES WITHIN THE SOUTH OLDHAM FIRE PROTECTION DISTRICT

Program Service Accomplishments

Program 1

Expenses: $1,174,984

SOUTH OLDHAM FIRE DEPARTMENT, INC EXTENDED FIRE SERVICE TO ALL RESIDENTS AND BUSINESSES WITHIN THE SOUTH OLDHAM FIRE PROTECTION DISTRICT.

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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 $2,869,076

Program Service Revenue $0

Investment Income $175,159

Other Revenue $98,213

TOTAL REVENUE $3,142,448

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,886,190

Fundraising Expenses $0

Program Expenses $2,710,136

Other Expenses $823,946

TOTAL EXPENSES $2,710,136

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,142,448	$2,921,541	+0.1%
Expenses	$2,710,136	$2,702,336	+0.0%
Net Income	$432,312	$219,205	+1.0%

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

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

$105,461

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MILLER	MEMBER	N/A	Highest	$112,466	$0	$112,466
WILLIAM BLAKELY	CHIEF	N/A	Highest	$110,864	$0	$110,864
JAMES JOHNSON	FIREFIGHTER	N/A	Highest	$107,257	$0	$107,257
JAMES M NELSON	TREASURER	40.00	Officer	$105,461	$0	$105,461
DAVID W THOMPSON	PRESIDENT	N/A	Officer Director	$0	$0	$0
ROBERT DEIBEL III	SECRETARY	N/A	Officer	$0	$0	$0
PATRICK STOESS	VICE PRESIDE	N/A	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	$3,142,448	$2,710,136	$5,390,291	$432,312
2024	$2,921,541	$2,702,336	$4,976,201	$219,205
2023	$2,550,993	$2,548,172	$4,767,673	$2,821
2022	$2,239,430	$2,213,138	$4,749,609	$26,292
2021	$2,106,102	$1,853,636	$4,727,663	$252,466
2020	$2,041,092	$1,972,966	$4,452,573	$68,126
2018	$1,789,767	$1,975,356	$4,301,347	$-185,589