FLOYD ROMANCE VOLUNTEER FIRE DEPARTMENT (EIN 720860223) - 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

1981

Legal Domicile

Principal Officer

PATRICIA SALMAN

Phone

5017962355

Tax Period

2024-03-01 to 2025-02-28

FLOYD ROMANCE VOLUNTEER FIRE DEPARTMENT, founded in 1981, is a small nonprofit in the Public Safety sector that reported $160K in total revenue in fiscal year 2020. The organization ran a surplus of $82K, a strong 51% operating margin.

Mission

FIREFIGHTING AND RESCUE

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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 $222,240

Program Service Revenue $0

Investment Income $2,529

Other Revenue $0

TOTAL REVENUE $224,769

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $152,962

Other Expenses $159,763

TOTAL EXPENSES $159,763

Year-over-Year Comparison

	2024	2023	Change
Revenue	$224,769	$215,051	+0.0%
Expenses	$159,763	$197,801	-0.2%
Net Income	$65,006	$17,250	+2.8%

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

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

$1,313

Total Directors

$1,313

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEC PARK	PRESIDENT	0.50	Officer Director	$0	$0	$0
MATTHEW SCULLY	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
PATRICIA SALMAN	TREASURER	2.00	Officer Director	$1,313	$0	$1,313
JASON ROWLAND	SECRETARY	0.75	Officer Director	$0	$0	$0
JIM ROGERS	BOARD MEMBER	0.50	Director	$0	$0	$0
DR RON WAUTERS	BOARD MEMBER	0.50	Director	$0	$0	$0
REBECCA GASIC	BOARD MEMBER	0.50	Director	$0	$0	$0
MARCIE GAMBETTA	BOARD MEMBER	0.50	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	$224,769	$159,763	$784,289	$65,006
2024	$215,051	$197,801	$719,283	$17,250
2023	$199,971	$115,758	$702,033	$84,213
2022	$199,315	$105,575	$617,820	$93,740
2021	$160,442	$78,563	$524,080	$81,879

FLOYD ROMANCE VOLUNTEER FIRE DEPARTMENT