INDEPENDENCE VOLUNTEER FIRE DEPART… - 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

1991

Legal Domicile

Principal Officer

RONALD EDWARDS

Phone

3347991470

Tax Period

2024-01-01 to 2024-12-31

INDEPENDENCE VOLUNTEER FIRE DEPARTMENT, founded in 1991, is a small nonprofit that reported $170K in total revenue in fiscal year 2024. Revenue surged 117% from the prior year, signaling strong growth momentum. Expenses of $149K left a modest 12% surplus.

Mission

THE ORGANIZATION'S PURPOSE IS TO PROVIDE VOLUNTEER RESCUE AND FIRE PROTECTION SERVICES IN THE INDEPENDENCE, AL COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $140,145

TO PROVIDE FIRE PROTECTION & EMERGENCY RESPONSES IN THE INDEPENDENCE COMMUNITY OF OVER 500 FAMILIES. TO SAVE AND PROTECT LIVES AND PROPERTY IN EMERGENCY SITUATIONS.

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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 $166,157

Program Service Revenue $0

Investment Income $3,495

Other Revenue $0

TOTAL REVENUE $169,652

Expense Breakdown

Grants Paid $6,162

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $140,145

Other Expenses $141,648

TOTAL EXPENSES $148,770

Year-over-Year Comparison

	2024	2023	Change
Revenue	$169,652	$78,120	+1.2%
Expenses	$148,770	$61,043	+1.4%
Net Income	$20,882	$17,077	+0.2%

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
CARL JOHNSON	PRESIDENT	10.00	Officer Director	$0	$0	$0
JARED GRIER	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
CERRENIDY LIMBRICK	SECRETARY	3.00	Officer Director	$0	$0	$0
SANDRA CHAMPION	TREASURER	10.00	Officer Director	$0	$0	$0
RONALD TEX EDWARDS	CHIEF	20.00	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	$169,652	$148,770	$978,476	$20,882
2023	$78,120	$61,043	$957,594	$17,077
2022	$151,564	$95,781	$940,517	$55,783
2021	$111,927	$117,271	$884,734	$-5,344
2020	$119,997	$72,105	$890,078	$47,892
2019	$101,733	$55,502	$842,186	$46,231

INDEPENDENCE VOLUNTEER FIRE DEPARTMENT