FARMINGTON VOLUNTEER FIRE DEPT INC (EIN 640819197) - 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

1976

Legal Domicile

Principal Officer

JEREMY CHILDERS

Phone

6626651490

Tax Period

2023-01-01 to 2023-12-31

FARMINGTON VOLUNTEER FIRE DEPT INC, founded in 1976, is a micro nonprofit in the Public Safety sector that reported $46K in total revenue in fiscal year 2023. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $71K exceeded revenue, resulting in a 54% operating deficit.

Mission

VOLUNTEER FIRE DEPARTMENT THAT SERVES THE CITY OF FARMINGTON, MS

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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 $7,496

Program Service Revenue $38,505

Investment Income $0

Other Revenue $0

TOTAL REVENUE $46,001

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $62,648

Other Expenses $70,797

TOTAL EXPENSES $70,797

Year-over-Year Comparison

	2023	2022	Change
Revenue	$46,001	$91,153	-0.5%
Expenses	$70,797	$59,162	+0.2%
Net Income	$-24,796	$31,991	-1.8%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEREMY CHILDERS	FIRE CHIEF	N/A	Officer	$0	$0	$0
DAVID LUTZ	AST FIRE CHI	N/A	Officer	$0	$0	$0
BENSON SKELTON	SEC/TREASURE	N/A	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	No data	No data	No data	No data
2023	$46,001	$70,797	$813,466	$-24,796
2022	$91,153	$59,162	$838,262	$31,991
2021	$37,452	$46,163	$806,271	$-8,711
2020	$90,204	$71,966	$814,982	$18,238
2019	$50,850	$75,854	$796,744	$-25,004
2018	$64,097	$63,292	$836,738	$805

FARMINGTON VOLUNTEER FIRE DEPT INC