NESBIT VOLUNTEER FIRE DEPARTMENT (EIN 640871174) - 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

1996

Legal Domicile

Phone

6624296841

Tax Period

2024-01-01 to 2024-12-31

NESBIT VOLUNTEER FIRE DEPARTMENT, founded in 1996, is a small nonprofit in the Public Safety sector that reported $233K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $349K exceeded revenue, resulting in a 50% operating deficit.

Mission

VOLUNTEER FIRE DEPARTMENT

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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 $233,025

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $233,025

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,969

Fundraising Expenses $0

Program Expenses $348,792

Other Expenses $322,823

TOTAL EXPENSES $348,792

Year-over-Year Comparison

	2024	2023	Change
Revenue	$233,025	$312,066	-0.3%
Expenses	$348,792	$191,937	+0.8%
Net Income	$-115,767	$120,129	-2.0%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
MITCH JAMES	Director	10.00	Director	$0	$0	$0
SAMMY MARK	Director	10.00	Director	$0	$0	$0
CHAD JETTON	Director	10.00	Director	$0	$0	$0
DANIEL HERNANDEZ	Treasurer	10.00	Director	$0	$0	$0
RANDELL BARNES	Director	10.00	Director	$0	$0	$0
TRUDY LOOMIS	Secretary	10.00	Director	$0	$0	$0
KENNY WATERS SR	Director	10.00	Director	$0	$0	$0
DANIEL LOOMIS	Vice President	10.00	Director	$0	$0	$0
LARRY LOOMIS	President	10.00	Officer 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	No data	No data	No data	No data
2024	$233,025	$348,792	$893,813	$-115,767
2023	$312,066	$191,937	$1,343,984	$120,129
2022	$200,256	$265,275	$1,261,910	$-65,019
2021	$256,756	$176,401	$1,351,515	$80,355
2020	$133,409	$244,646	$1,302,068	$-111,237
2019	$281,059	$217,059	$1,442,200	$64,000
2018	$190,487	$155,211	$1,411,055	$35,276

NESBIT VOLUNTEER FIRE DEPARTMENT