CORD VOLUNTEER FIRE DEPARTMENT INC

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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

1983

Legal Domicile

Principal Officer

RONALD LASLO

Phone

8706135079

Tax Period

2025-01-01 to 2025-12-31

CORD VOLUNTEER FIRE DEPARTMENT INC, founded in 1983, is a small nonprofit in the Public Safety sector that reported $200K in total revenue in fiscal year 2025. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $36K, a strong 18% operating margin.

Mission

VOLUNTEER FIRE DEPT 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

Program Service Accomplishments

Program 1

Expenses: $156,504 Revenue: $200,442

REVENUE INCLUDES $184712.85 FROM SALES TAXES LEVIED IN THE STATE AND COUNTY THAT ARE DESIGNATED FOR THE VOLUNTEER FIRE DEPARTMENTS. EXPENSES INCURRED INCLUDED PAYMENTS TO A STATE RETIREMENT FUND FOR VOLUNTEERS FIREFIGHTERS AND $25 PER CALL/MEETING AID TO VOLUNTEERS FOR THEIR RESPONSES TO EMERGENCY CALLS. OTHER EXPENSES WERE OPERATIONAL AND SUPPORT SERVICES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $6,473

Program Service Revenue $184,713

Investment Income $9,256

Other Revenue $0

TOTAL REVENUE $200,442

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,200

Fundraising Expenses $0

Program Expenses $156,504

Other Expenses $149,769

TOTAL EXPENSES $164,417

Year-over-Year Comparison

	2025	2024	Change
Revenue	$200,442	$214,796	-0.1%
Expenses	$164,417	$128,232	+0.3%
Net Income	$36,025	$86,564	-0.6%

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

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
RONALD LASLO	SECRETARYTREASURER	2.00	Officer Director	$0	$0	$0
JEFFREY RICHARDSON	N/A	2.00	Director	$0	$0	$0
ERIC BOOZER	N/A	2.00	Director	$0	$0	$0
ROBERT DUNEHEW	N/A	2.00	Director	$0	$0	$0
STEVE LIGHTSEY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
KATRINA JONES	PRESIDENT	2.00	Officer Director	$0	$0	$0
BRENTON GILLMORE	N/A	2.00	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
2025	$200,442	$164,417	$1,470,147	$36,025
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