FULTON VOLUNTEER FIRE DEPARTMENT I… - Form 990 Financial Data

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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

1984

Legal Domicile

Tax Period

2022-07-01 to 2023-06-30

FULTON VOLUNTEER FIRE DEPARTMENT INC, founded in 1984, is a small nonprofit that reported $605K in total revenue in fiscal year 2022. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $176K, a strong 29% operating margin.

Mission

PROVIDE FIRE PROTECTION TO THE CITIZENS OF THE TOWN OF FULTON AND THESURROUNDING AREA

Program Service Accomplishments

Program 1

Expenses: $404,901

PROVIDED FIRE PROTECTION TO THE TOWN OF FULTON AND SURROUNDING AREA

Program 2

Expenses: $1,700

PROVIDE ASSISTANCE TO ARANSAS COUNTY ISD STUDENT GROPUS

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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 (2022)

Revenue Breakdown

Contributions & Grants $282,628

Program Service Revenue $0

Investment Income $4,308

Other Revenue $317,718

TOTAL REVENUE $604,654

Expense Breakdown

Grants Paid $1,700

Salaries & Benefits $0

Fundraising Expenses $8,173

Program Expenses $406,601

Other Expenses $427,428

TOTAL EXPENSES $429,128

Year-over-Year Comparison

	2022	2021	Change
Revenue	$604,654	$512,791	+0.2%
Expenses	$429,128	$449,085	0.0%
Net Income	$175,526	$63,706	+1.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM BEGLEY	SGT AT ARMS	8.00	Officer	$0	$0	$0
MIKE OTIS	PRESIDENT	8.00	Officer	$0	$0	$0
JACK SHERIDAN	SECRETARY	8.00	Officer	$0	$0	$0
CHRISTOPHER MORALES	CHIEF	8.00	Officer	$0	$0	$0
JOHN LAZZAROTI	ASSISTANT CHIEF	8.00	Officer	$0	$0	$0
DAVID MAYS	TREASUER	8.00	Officer	$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	No data	No data	No data	No data
2023	$604,654	$429,128	$2,714,166	$175,526
2022	$512,791	$449,085	$2,538,640	$63,706
2021	$218,098	$591,915	$2,222,934	$-373,817
2020	$380,672	$263,781	$2,596,751	$116,891
2019	$408,184	$240,996	$2,479,860	$167,188
2018	$414,918	$277,798	$2,312,672	$137,120

FULTON VOLUNTEER FIRE DEPARTMENT INC