BURNET VOLUNTEER FIRE DEPARTMENT (EIN 742720955) - 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

1944

Legal Domicile

Principal Officer

MICHELLE PHILLIPS

Phone

5127565911

Tax Period

2023-10-01 to 2024-09-30

BURNET VOLUNTEER FIRE DEPARTMENT, founded in 1944, is a small nonprofit in the Public Safety sector that reported $492K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $458K left a modest 7% surplus.

Mission

FIRE PREVENTION, FIRE SUPRESSION AND RESCUE IN THE BURNET COUNTY EMERGENCY SERVICES DISTRICT #7.

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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 $488,642

Program Service Revenue $0

Investment Income $1,363

Other Revenue $2,400

TOTAL REVENUE $492,405

Expense Breakdown

Grants Paid $0

Salaries & Benefits $122,710

Fundraising Expenses $0

Program Expenses $389,177

Other Expenses $335,651

TOTAL EXPENSES $458,361

Year-over-Year Comparison

	2023	2022	Change
Revenue	$492,405	$442,430	+0.1%
Expenses	$458,361	$419,390	+0.1%
Net Income	$34,044	$23,040	+0.5%

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

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

$50,000

Total Directors

$50,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS JERNIGAN	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
MELISSA MEEKS	SECRETARY	2.00	Officer Director	$0	$0	$0
DON THOMPSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHELLE PHILLIPS	TREASURER	10.00	Officer Director	$0	$0	$0
CASEY DANIELS	FIRE CHIEF	40.00	Officer Director	$50,000	$0	$50,000

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	$492,405	$458,361	$953,331	$34,044
2023	$442,430	$419,390	$940,013	$23,040
2022	$561,382	$410,913	$891,022	$150,469
2021	$342,004	$294,145	$694,011	$47,859
2020	$293,383	$301,889	$727,785	$-8,506
2019	$319,384	$266,916	$789,437	$52,468
2018	$446,091	$332,844	$794,717	$113,247

BURNET VOLUNTEER FIRE DEPARTMENT