BELFOREST VOLUNTEER FIRE DEPARTMENT (EIN 631003380) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Principal Officer

ELIZABETH HAYES

Phone

2514592082

Tax Period

2023-01-01 to 2023-12-31

BELFOREST VOLUNTEER FIRE DEPARTMENT, founded in 1979, is a small nonprofit in the Public Safety sector that reported $368K in total revenue in fiscal year 2018. Revenue surged 133% from the prior year, signaling strong growth momentum. The organization ran a surplus of $196K, a strong 53% operating margin.

Mission

TO PROVIDE FIRE PROTECTION, EMERGENCY MEDICAL SERVICE AND HAZARDOUS MATERIALS HANDLING TO THE CITIZENS OF THE BELFOREST COMMUNITY AND ITS OUTLYING AREAS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $369,132

Program Service Revenue $10,453

Investment Income $196,302

Other Revenue $0

TOTAL REVENUE $575,887

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $525,213

Other Expenses $535,140

TOTAL EXPENSES $535,140

Year-over-Year Comparison

	2023	2022	Change
Revenue	$575,887	$341,034	+0.7%
Expenses	$535,140	$358,270	+0.5%
Net Income	$40,747	$-17,236	-3.4%

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

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
ELIZABETH HAYES	PRESIDENT	4.00	Officer Director	$0	$0	$0
CHRISTOPHER MCCAIN	TREASURER	4.00	Officer	$0	$0	$0
JIMMIE COKER	SECRETARY	4.00	Officer	$0	$0	$0
DIANA SPILLMAN	BOARD MEMBER	4.00	Director	$0	$0	$0
JACKSON STOPA	BOARD MEMBER	4.00	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	$575,887	$535,140	$982,441	$40,747
2023	$595,329	$542,810	$1,052,952	$52,519
2021	$252,278	$327,531	$961,711	$-75,253
2020	$235,133	$294,631	$1,035,947	$-59,498
2019	$198,722	$210,487	$1,095,445	$-11,765
2018	$368,487	$172,527	$1,107,210	$195,960

BELFOREST VOLUNTEER FIRE DEPARTMENT