KILLINGSWORTH COVE VOLUNTEER FIRE … - 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

2024

Legal Domicile

Principal Officer

DONNIE SHARP

Phone

2565039904

Tax Period

2023-10-01 to 2024-09-30

KILLINGSWORTH COVE VOLUNTEER FIRE DEPARTMENT, founded in 2024, is a small nonprofit that reported $230K in total revenue in fiscal year 2023. Revenue surged 220% from the prior year, signaling strong growth momentum.

Mission

PROVIDE FIRE PROTECTION AND EMERGENCY SERVICES TO COMMUNITY

Program Service Accomplishments

Program 1

Expenses: $162,090 Revenue: $0

PURCHASE NEW FIRE FIGHTING EQUIPMENT TO BETTER SERVE THE AREA

Program 2

Expenses: $85,115 Revenue: $25,094

OPERATING COST FOR SUPPLIES AND EQUIPMENT AND FACILITY MAINTENANCE

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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 $228,101

Program Service Revenue $0

Investment Income $2,331

Other Revenue $0

TOTAL REVENUE $230,432

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $245,830

Other Expenses $247,205

TOTAL EXPENSES $247,205

Year-over-Year Comparison

	2023	2022	Change
Revenue	$230,432	$72,020	+2.2%
Expenses	$247,205	$48,872	+4.1%
Net Income	$-16,773	$23,148	-1.7%

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
DAVID GHIOTTO	CHIEF	10.00	Officer	$0	$0	$0
EDDIE THOMAS	ASSISTANT CHIEF	10.00	Officer	$0	$0	$0
ANTHONY COTHREN	PRESIDENT	10.00	Officer	$0	$0	$0
JAMES BEST	VICE PRESIDENT	10.00	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	$230,432	$247,205	$106,949	$-16,773

KILLINGSWORTH COVE VOLUNTEER FIRE DEPARTMENT