MAGNOLIA VOLUNTEER FIRE DEPARTMENT (EIN 742187874) - 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

1980

Legal Domicile

Phone

2813563288

Tax Period

2020-01-01 to 2020-12-31

MAGNOLIA VOLUNTEER FIRE DEPARTMENT, founded in 1980, is a mid-sized nonprofit that reported $11.3M in total revenue in fiscal year 2020. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

FIRE PROTECTION & EMS SERVICES FOR PUBLIC AND BOUNDARIES OF MONTGOMERY COUNTY EMERGENCY SERVICES DISTRICT AND THE MONTGOMERY TAX COLLECTOR

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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 (2020)

Revenue Breakdown

Contributions & Grants $11,336,971

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $11,336,971

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,627,840

Fundraising Expenses $0

Program Expenses $11,124,085

Other Expenses $1,975,184

TOTAL EXPENSES $11,603,024

Year-over-Year Comparison

	2020	2019	Change
Revenue	$11,336,971	$9,739,993	+0.2%
Expenses	$11,603,024	$9,597,027	+0.2%
Net Income	$-266,053	$142,966	-2.9%

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

218

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

$347,038

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
A PAULK	PRESIDENT	40.00		$121,061	$0	$121,061
B WRIGHT	TREASURER	6.00		$66,892	$0	$66,892
D WARD	ASSISTANT SECRETARY	2.00		$0	$0	$0
A VULGAMOTT	SECRETARY	40.00		$106,222	$0	$106,222
E D ROBERSON	ASST CHIEF FINANCE	40.00	Officer	$111,121	$0	$111,121
GARY PANGARAKIS	VICE PRESIDENT	28.00	Officer	$110,587	$0	$110,587
R GRIFFITH	ASST CHIEF PLANNING	24.00	Officer	$62,033	$0	$62,033
A NAUMANN	ASST CHIEF LOGISTICS	24.00	Officer	$63,297	$0	$63,297
S ST JOHN	PARLIAMENTERIAN	12.00		$99,343	$0	$99,343
CHRIS THORNTON	ASSISTANT TREASURER	12.00		$11,136	$0	$11,136

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
2020	$11,336,971	$11,603,024	$3,144,054	$-266,053
2019	$9,739,993	$9,597,027	$2,296,116	$142,966
2018	$8,000,125	$7,802,130	$2,357,800	$197,995

MAGNOLIA VOLUNTEER FIRE DEPARTMENT