Gatesville Fire Department Inc (EIN 742973584) - 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

1970

Legal Domicile

Phone

2548656416

Tax Period

2023-01-01 to 2023-12-31

Gatesville Fire Department Inc, founded in 1970, is a small nonprofit in the Public Safety sector that reported $276K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring.

Mission

To serve the city of Gatesville and the surrounding communities with a voluntary Fire Department for the protection of lives, homes, and property of the citizens.

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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 $263,550

Program Service Revenue $0

Investment Income $10,775

Other Revenue $1,371

TOTAL REVENUE $275,696

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $48,522

Fundraising Expenses $0

Program Expenses $265,300

Other Expenses $231,137

TOTAL EXPENSES $281,659

Year-over-Year Comparison

	2023	2022	Change
Revenue	$275,696	$403,111	-0.3%
Expenses	$281,659	$250,126	+0.1%
Net Income	$-5,963	$152,985	-1.0%

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

$45,918

Total Directors

$48,522

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Billy Vaden	Fire Chief	40.00	Officer Director	$43,697	$0	$43,697
Robert Featherston	Deputy Chief	3.00	Director	$1,803	$0	$1,803
David Miller	President	6.00	Officer Director	$1,372	$0	$1,372
Chris Miller	Treasurer	2.00	Officer Director	$849	$0	$849
Robert Buster	Assistant Chief	12.00	Director	$801	$0	$801

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	$275,696	$281,659	$397,304	$-5,963
2022	$403,111	$250,126	$403,267	$152,985
2021	$221,644	$209,818	$250,282	$11,826
2020	$283,955	$305,227	$238,456	$-21,272
2019	$349,280	$326,590	$224,762	$22,690
2018	$533,580	$482,377	$205,837	$51,203

Gatesville Fire Department Inc