The Coates Bend Volunteer Fire Department Inc

EIN: 630755296 501(c)(3)

Gadsden, AL

Total Revenue
$52,523
Total Expenses
$41,958
Total Assets
$756,174
Net Assets
$704,630
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
AL
Phone
2563992458
Tax Period
2020-01-01 to 2020-12-31

The Coates Bend Volunteer Fire Department, founded in 2018, is a small nonprofit that reported $184K in total revenue in fiscal year 2018. The organization ran a surplus of $137K, a strong 75% operating margin.

Mission

Our mission is to serve as a volunteer fire department in Etowah County, AL area to provide public service.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $44,669
Program Service Revenue $0
Investment Income $0
Other Revenue $7,854
TOTAL REVENUE $52,523

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $38,622
Other Expenses $41,958
TOTAL EXPENSES $41,958

Year-over-Year Comparison

2020 2019 Change
Revenue $52,523 $54,801 0.0%
Expenses $41,958 $51,112 -0.2%
Net Income $10,565 $3,689 +1.9%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
20

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
1
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Elton Holiday Board Chairman 3.00
Director
$0 $0 $0
Tiffany Works Board Member 3.00
Director
$0 $0 $0
Michael Adams Board Member 3.00
Director
$0 $0 $0
Wade Clevland Board Member 3.00
Director
$0 $0 $0
Avery Gibbs Treasurer 3.00
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
2020 $52,523 $41,958 $756,174 $10,565
2019 $54,801 $51,112 $754,114 $3,689
2018 $183,513 $46,775 $667,716 $136,738
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