FRANKLIN VOLUNTEER FIRE DEPARTMENT

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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

1994

Legal Domicile

Principal Officer

DIANA FERRELL

Phone

9798285831

Tax Period

2021-10-01 to 2022-09-30

FRANKLIN VOLUNTEER FIRE DEPARTMENT, founded in 1994, is a small nonprofit in the Public Safety sector that reported $148K in total revenue in fiscal year 2021. Revenue fell 52% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $25K, a strong 17% operating margin.

Mission

FIGHTING FIRES IN CITY AND RURAL AREAS OF FRANKLIN, ROBERTSON COUNTY, TEXAS, AND PROVIDING EMERGENCY MEDICAL SERVICES.

Program Service Accomplishments

Program 1

Expenses: $81,297 Revenue: $139,194

PROVIDED FIRE FIGHTING AND EMERGENCY MEDICAL SERVICES TO RESIDENTS OF FRANKLIN AND SURROUNDING AREAS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $8,320

Program Service Revenue $138,817

Investment Income $236

Other Revenue $141

TOTAL REVENUE $147,514

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $81,297

Other Expenses $122,150

TOTAL EXPENSES $122,150

Year-over-Year Comparison

	2021	2020	Change
Revenue	$147,514	$304,999	-0.5%
Expenses	$122,150	$274,941	-0.6%
Net Income	$25,364	$30,058	-0.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RENE FERRELL	PRESIDENT	20.00	Officer Director	$0	$0	$0
MARK RULAND	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
RENEE HONEA	SECRETARY	20.00	Officer Director	$0	$0	$0
DIANA FERRELL	TREASURER	20.00	Officer Director	$0	$0	$0
TYLER AARON	ASSISTANT CHIEF	10.00	Officer Director	$0	$0	$0
TRAVIS AARON	CHIEF	20.00	Officer 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
2022	$147,514	$122,150	$470,868	$25,364
2021	$304,999	$274,941	$503,987	$30,058
2020	$119,952	$104,429	$523,930	$15,523
2019	$187,324	$182,615	$554,609	$4,709
2018	$97,857	$85,881	$599,674	$11,976