FAYETTEVILLE VOLUNTEER FIRE DEPARTMENT (EIN 742969958) - 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

2000

Legal Domicile

Principal Officer

WILLIAM C HERRINGTON

Phone

9793782278

Tax Period

2023-01-01 to 2023-12-31

FAYETTEVILLE VOLUNTEER FIRE DEPARTMENT, founded in 2000, is a small nonprofit in the Public Safety sector that reported $167K in total revenue in fiscal year 2023. The organization ran a surplus of $69K, a strong 41% operating margin.

Mission

TO ACQUIRE, OPERATE, AND MAINTAIN FIREFIGHTING, RESCURE, AND OTHER EMERGENCY EQUIPMENT NECESSARY FOR THE PRESERVATION OF LIFE AND THE PROTECTION OF PROPERTY FROM AND DURING FIRE OR OTHER EMERGENCIES WITHIN THE AREA OF OPERATION.

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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 $124,297

Program Service Revenue $0

Investment Income $22,229

Other Revenue $20,960

TOTAL REVENUE $167,486

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $98,466

Other Expenses $98,466

TOTAL EXPENSES $98,466

Year-over-Year Comparison

	2023	2022	Change
Revenue	$167,486	$169,955	0.0%
Expenses	$98,466	$74,220	+0.3%
Net Income	$69,020	$95,735	-0.3%

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
VINCE ORSAK	VICE PRESIDENT	2.00	Officer	$0	$0	$0
RICKY KOVAR	PRESIDENT	2.00	Officer	$0	$0	$0
WILLIAM C HERRINGTON	SEC/TREASURER	5.00	Officer	$0	$0	$0
RANDY NOVISKIE	FIRE CHIEF	2.00	Officer	$0	$0	$0
RODNEY SLADEK	ASSIST FIRE CHIEF	2.00	Officer	$0	$0	$0
SHAWN FALDYN	CAPTAIN OF COMPANY 1	2.00	Officer	$0	$0	$0
DAMON FALDYN	CAPTAIN OF COMPANY 2	2.00	Officer	$0	$0	$0
DUSTIN WALCIK	CAPTAIN OF COMPANY 3	2.00	Officer	$0	$0	$0
KENNETH CHOVANEC	CAPTAIN OF COMPANY 4	2.00	Officer	$0	$0	$0
BRAD NEVILLE	CAPTAIN OF COMPANY 5	2.00	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	$167,486	$98,466	$830,337	$69,020
2022	$169,955	$74,220	$627,733	$95,735
2021	$145,098	$69,597	$531,998	$75,501

FAYETTEVILLE VOLUNTEER FIRE DEPARTMENT