Gum Springs Voluntary Fire Dist Inc (EIN 710568717) - 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

Formation Year

1980

Legal Domicile

Phone

5012683721

Tax Period

2024-01-01 to 2024-12-31

Gum Springs Voluntary Fire Dist Inc, founded in 1980, is a small nonprofit that reported $184K in total revenue in fiscal year 2018. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $85K, a strong 46% operating margin.

Mission

To provide the Gum Springs Community of Searcy, AR with a fire department.

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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 (2024)

Revenue Breakdown

Contributions & Grants $157,598

Program Service Revenue $3,190

Investment Income $29

Other Revenue $3,521

TOTAL REVENUE $164,338

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $211,163

Other Expenses $219,497

TOTAL EXPENSES $219,497

Year-over-Year Comparison

	2024	2023	Change
Revenue	$164,338	$288,759	-0.4%
Expenses	$219,497	$150,678	+0.5%
Net Income	$-55,159	$138,081	-1.4%

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

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
Danny Berry	President	Officer Director	$0	$0	$0
Sharon Spence	Vice President	Officer Director	$0	$0	$0
Heather Boyce	Secretary/Treas	Officer Director	$0	$0	$0
Mike Taylor	Board Member	Director	$0	$0	$0
Tom McGee	Board Member	Director	$0	$0	$0
William Barnes	Board Member	Director	$0	$0	$0
Lee Stephenson	Board Member	Director	$0	$0	$0
Tony Bowman	Board Member	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	$164,338	$219,497	$834,412	$-55,159
2023	$288,759	$150,678	$889,571	$138,081
2022	$223,032	$138,178	$751,490	$84,854
2021	$203,039	$129,424	$666,636	$73,615
2020	$221,656	$110,803	$646,756	$110,853
2019	$194,815	$132,650	$560,883	$62,165
2018	$184,239	$99,071	$522,537	$85,168

Gum Springs Voluntary Fire Dist Inc