WALLS VOLUNTEER FIRE DEPARTMENT (EIN 640610156) - Form 990 Financial Analysis & Trantor Score

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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

2005

Legal Domicile

Phone

6627812020

Tax Period

2024-01-01 to 2024-12-31

WALLS VOLUNTEER FIRE DEPARTMENT, founded in 2005, is a small nonprofit that reported $429K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $613K exceeded revenue, resulting in a 43% operating deficit.

Mission

PROVIDE FIRE SUPPRESSION SERVICES AND ASSIST AMBULANCE AND LEGAL AUTHORITIES DURING FIRE AND OTHER EMERGENCIES

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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 $421,509

Program Service Revenue $0

Investment Income $7,831

Other Revenue $0

TOTAL REVENUE $429,340

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $612,531

Other Expenses $612,531

TOTAL EXPENSES $612,531

Year-over-Year Comparison

	2024	2023	Change
Revenue	$429,340	$509,999	-0.2%
Expenses	$612,531	$473,203	+0.3%
Net Income	$-183,191	$36,796	-6.0%

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

N/A

Independent Members

N/A

Employees

N/A

Volunteers

N/A

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	Role	Reportable Comp	Other Comp	Total
MIKE HANCOCK	CHIEF	Officer	$0	$0	$0
ERIC CREASY	DEP CHIEF	Officer	$0	$0	$0
JENNI HENSON	SECRETARY	Officer	$0	$0	$0
BRANDON POTTS	captain	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	$429,340	$612,531	$2,000,459	$-183,191
2023	$509,999	$473,203	$2,161,125	$36,796
2022	$387,966	$442,988	$2,187,822	$-55,022
2021	$460,652	$392,595	$1,941,315	$68,057
2020	$444,066	$329,286	$1,873,258	$114,780
2019	$263,769	$329,280	$1,758,478	$-65,511
2018	$374,923	$365,940	$1,881,605	$8,983

WALLS VOLUNTEER FIRE DEPARTMENT