BON SECOUR VOLUNTEER FIRE/RESCUE I… - Form 990 Financial Data

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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

1977

Legal Domicile

Principal Officer

MARY WILLIAMS

Phone

2519495466

Tax Period

2024-01-01 to 2024-12-31

BON SECOUR VOLUNTEER FIRE/RESCUE INC, founded in 1977, is a small nonprofit that reported $421K in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $381K left a modest 9% surplus.

Mission

TO PROVIDE FIRE AND RESCUE SERVICE AND FIRE PREVENTION EDUCATION TO THE BON SECOUR AREA.

Program Service Accomplishments

Program 1

Expenses: $381,368

TO PROVIDE FIRE AND RESCUE SERVICE AND FIRE PREVENTION EDUCATION TO THE BON SECOUR 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 $405,467

Program Service Revenue $0

Investment Income $15,695

Other Revenue $154

TOTAL REVENUE $421,316

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $381,368

Other Expenses $381,368

TOTAL EXPENSES $381,368

Year-over-Year Comparison

	2024	2023	Change
Revenue	$421,316	$770,931	-0.5%
Expenses	$381,368	$493,341	-0.2%
Net Income	$39,948	$277,590	-0.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BO DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSH DIXON	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT FORBES	BOARD MEMBER	1.00	Director	$0	$0	$0
PEGGY GALBAUGH	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL E SHOENIGHT JR	VICE PRESIDE	12.00	Officer Director	$0	$0	$0
RONNIE PARKER	PRESIDENT	1.00	Officer Director	$0	$0	$0
VICTORIA SHOENIGHT	SECRETARY	1.00	Officer Director	$0	$0	$0
MARY WILLIAMS	TREASURER	2.00	Officer 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	$421,316	$381,368	$1,158,278	$39,948
2023	$770,931	$493,341	$1,106,825	$277,590
2022	$261,645	$286,191	$970,572	$-24,546
2021	$391,196	$379,277	$1,032,211	$11,919
2020	$217,233	$149,972	$1,072,091	$67,261
2019	$87,109	$83,877	$468,485	$3,232
2018	$212,988	$107,822	$465,253	$105,166

BON SECOUR VOLUNTEER FIRE/RESCUE INC