MAGNOLIA SPRINGS VOLUNTEER FIRE DEPARTMENT INC

EIN: 630861226 501(c)(3) Public Safety

MAGNOLIA SPRINGS, AL

Total Revenue
$506,471
Total Expenses
$583,070
Total Assets
$1,279,168
Net Assets
$774,563
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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
1961
Principal Officer
JOBY SMITH
Phone
2519657808
Tax Period
2024-10-01 to 2025-09-30

MAGNOLIA SPRINGS VOLUNTEER FIRE DEPARTMENT INC, founded in 1961, is a small nonprofit in the Public Safety sector that reported $506K in total revenue in fiscal year 2024. Expenses of $583K exceeded revenue, resulting in a 15% operating deficit.

Mission

PROVIDE THE HIGHEST-LEVEL PUBLIC SAFETY SERVICES FOR THE COMMUNITY. PROTECT LIVES AND PROPERTY THROUGH FIRE SUPPRESSION, EMERGENCY MEDICAL RESPONSE, DISASTER MANAGEMENT, FIRE PREVENTION AND PUBLIC EDUCATION.

Program Service Accomplishments

Program 1
Expenses: $563,127

MAGNOLIA SPRINGS VOLUNTEER FIRE DEPARTMENT RESPONDED TO VARIOUS STRUCTURAL AND BRUSH FIRES DURING THE YEAR. IN ADDITION, THERE WERE RESPONSES TO ACCIDENT SCENES AND RELATED EMERGENCY MEDICAL SERVICE...

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MAGNOLIA SPRINGS VOLUNTEER FIRE DEPARTMENT RESPONDED TO VARIOUS STRUCTURAL AND BRUSH FIRES DURING THE YEAR. IN ADDITION, THERE WERE RESPONSES TO ACCIDENT SCENES AND RELATED EMERGENCY MEDICAL SERVICE CALLS. MAGNOLIA SPRINGS VOLUNTEER FIRE DEPARTMENT HAS PROUDLY BEEN A SERVICE TO THE COMMUNITY FOR 50 YEARS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $495,145
Program Service Revenue $0
Investment Income $584
Other Revenue $10,742
TOTAL REVENUE $506,471

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $563,127
Other Expenses $583,070
TOTAL EXPENSES $583,070

Year-over-Year Comparison

2024 2023 Change
Revenue $506,471 $486,587 +0.0%
Expenses $583,070 $606,722 0.0%
Net Income $-76,599 $-120,135 -0.4%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
35

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
0
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOBY SMITH BOARD PRESID 5.00
Director
$0 $0 $0
STEVE MOBLEY VICE PRESIDE 5.00
Director
$0 $0 $0
RON FREHM SECRETARY 5.00
Director
$0 $0 $0
CLAYTON SINGLETON TREASURER 5.00
Director
$0 $0 $0
NICK SHIELDS TRUSTEE 5.00
Director
$0 $0 $0
ED DOUGLAS TRUSTEE 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
2025 $506,471 $583,070 $1,279,168 $-76,599
2024 $486,587 $606,722 $1,415,431 $-120,135
2023 $510,502 $424,425 $1,165,550 $86,077
2022 $313,780 $357,239 $1,115,184 $-43,459
2021 $348,212 $364,507 $1,193,473 $-16,295
2020 $764,169 $350,987 $1,455,706 $413,182
2019 $451,701 $632,721 $714,745 $-181,020
2018 $357,943 $387,439 $704,601 $-29,496
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