BEAN STATION VOLUNTEER FIRE DEPARTMENT (EIN 621568093) - 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

1969

Legal Domicile

Principal Officer

DALE MOLES

Phone

8659781613

Tax Period

2023-01-01 to 2023-12-31

BEAN STATION VOLUNTEER FIRE DEPARTMENT, founded in 1969, is a small nonprofit in the Public Safety sector that reported $123K in total revenue in fiscal year 2023. Revenue surged 188% from the prior year, signaling strong growth momentum. Expenses of $137K exceeded revenue, resulting in a 11% operating deficit.

Mission

OUR MISSION IS THE PROTECTION AND PRESERVATION OF LIFE AND PROPERTY FOR THE PEOPLE WE SERVE. WE ARE COMMITTED TO DOING SO THROUGH THE PROVISION OF QUALITY COST EFFECTIVE SERVICES IN THE AREAS OF FIRE SUPPRESSION AND EMERGENCY FIRST RESPONDER 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 $118,496

Program Service Revenue $0

Investment Income $0

Other Revenue $4,786

TOTAL REVENUE $123,282

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $136,542

TOTAL EXPENSES $136,542

Year-over-Year Comparison

	2023	2022	Change
Revenue	$123,282	$42,757	+1.9%
Expenses	$136,542	$105,889	+0.3%
Net Income	$-13,260	$-63,132	-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

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
CRAIG HOLMES	BOARD MEMBER	5.00	Director	$0	$0	$0
EARL HOLT	VICE CHAIRMA	5.00	Officer Director	$0	$0	$0
JIM MCWHORTER	SECRETARY/TR	5.00	Officer Director	$0	$0	$0
RICK MITCHELL	BOARD MEMBER	5.00	Director	$0	$0	$0
DALE MOLES	CHAIRMAN	5.00	Officer Director	$0	$0	$0
CODY ORRICK	FIRE CHIEF	5.00	Director	$0	$0	$0
DAN REDDING	BOARD MEMBER	5.00	Director	$0	$0	$0
JUNIOR SIZEMORE	BOARD MEMBER	5.00	Director	$0	$0	$0
TERRY WOLFE	PARLIMENTARI	5.00	Officer Director	$0	$0	$0
RON WONDERLY	BOARD MEMBER	5.00	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	$123,282	$136,542	$414,103	$-13,260
2022	$42,757	$105,889	$433,314	$-63,132
2021	$37,920	$106,007	$499,446	$-68,087
2020	$518,685	$144,902	$564,533	$373,783

BEAN STATION VOLUNTEER FIRE DEPARTMENT