HERBERT WALLACE MEMORIAL VOLUNTEER FIRE COMPANY (EIN 731653621) - 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

2003

Legal Domicile

Principal Officer

DWIGHT PAYNE

Phone

5043495576

Tax Period

2023-01-01 to 2023-12-31

HERBERT WALLACE MEMORIAL VOLUNTEER FIRE COMPANY, founded in 2003, is a community nonprofit in the Public Safety sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $1.0M left a modest 13% surplus.

Mission

FIRE FIGHTING AND PUBLIC SAFETY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,116,662

Program Service Revenue $0

Investment Income $2,462

Other Revenue $55,710

TOTAL REVENUE $1,174,834

Expense Breakdown

Grants Paid $0

Salaries & Benefits $731,794

Fundraising Expenses $0

Program Expenses $859,335

Other Expenses $295,359

TOTAL EXPENSES $1,027,153

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,174,834	$922,252	+0.3%
Expenses	$1,027,153	$983,806	+0.0%
Net Income	$147,681	$-61,554	-3.4%

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

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

$185,597

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE STACKHOUSE	TREASURER	10.00	Officer Director	$0	$0	$0
BARBARA CAMP	PRESIDENT	10.00	Officer Director	$0	$0	$0
LARRY THOMAS	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
ROSALYN WEBER	BOARD MEMBER	5.00	Director	$0	$0	$0
JARRICK C TOUSSAINT	BOARD MEMBER	5.00	Director	$0	$0	$0
ELDON MCCRAINE	BOARD MEMBER	5.00	Director	$0	$0	$0
JOSHALINE S MACKIE	BOARD MEMBER	5.00	Director	$0	$0	$0
JACKIE MASON	BOARD MEMBER	5.00	Director	$0	$0	$0
DWIGHT PAYNE	STATION ADMINISTRATOR	40.00	Officer	$48,241	$0	$48,241
THOMAS L BERGGREN	FIRE CHIEF	40.00	Officer	$135,763	$1,593	$137,356

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	No data	No data	No data	No data
2023	$1,174,834	$1,027,153	$925,541	$147,681
2022	$922,252	$983,806	$760,246	$-61,554
2021	$997,849	$966,547	$816,837	$31,302
2020	$1,050,809	$1,019,202	$786,334	$31,607
2019	$831,697	$1,006,632	$750,489	$-174,935
2018	$844,834	$980,143	$933,897	$-135,309

HERBERT WALLACE MEMORIAL VOLUNTEER FIRE COMPANY