CORD VOLUNTEER FIRE DEPARTMENT INC (EIN 710701035) - 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

1983

Legal Domicile

Principal Officer

RONALD LASLO

Phone

8706135079

Tax Period

2024-01-01 to 2024-12-31

CORD VOLUNTEER FIRE DEPARTMENT INC, founded in 1983, is a small nonprofit in the Public Safety sector that reported $166K in total revenue in fiscal year 2020. The organization ran a surplus of $98K, a strong 59% operating margin.

Mission

VOLUNTEER FIRE DEPARTMENT FOR THE RURAL COMMUNITY OF CORD, AR , PROVIDING FIRE-FIGHTING SERVICES AND RESPONSES TO 911 EMERGENCY CALLS IN A FIVE-MILE RADIUS OF CORD, AR.

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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 $18,300

Program Service Revenue $179,407

Investment Income $12,365

Other Revenue $4,724

TOTAL REVENUE $214,796

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,200

Fundraising Expenses $0

Program Expenses $122,633

Other Expenses $116,946

TOTAL EXPENSES $128,232

Year-over-Year Comparison

	2024	2023	Change
Revenue	$214,796	$272,906	-0.2%
Expenses	$128,232	$138,332	-0.1%
Net Income	$86,564	$134,574	-0.4%

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

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

$355

Total Directors

$355

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD LASLO	SECREATARY/TREASURER	002.00	Officer Director	$355	$0	$355
BARRY LILLARD	PRESIDENT	002.00	Officer Director	$0	$0	$0
BRUCE GOINGS	VICE PRESIDENT	002.00	Officer Director	$0	$0	$0
JAMES DAVIS	BOARD MEMBER	002.00	Director	$0	$0	$0
BRANDON JACKSON	BOARD MEMBER	002.00	Director	$0	$0	$0
RANDY WARD	BOARD MEMBER	002.00	Director	$0	$0	$0
JEFF CHILDERS	BOARD MEMBER	002.00	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	$214,796	$128,232	$1,434,123	$86,564
2023	$272,906	$138,332	$1,347,559	$134,574
2022	$156,624	$139,188	$1,235,471	$17,436
2021	$204,899	$95,094	$1,244,837	$109,805
2020	$166,390	$68,630	$1,144,913	$97,760

CORD VOLUNTEER FIRE DEPARTMENT INC