Possum Kingdom Westside Vol Fire Dept (EIN 751841990) - 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

1980

Legal Domicile

Principal Officer

Susan Nance

Phone

9405495733

Tax Period

2024-01-01 to 2024-12-31

Possum Kingdom Westside Vol Fire Dept, founded in 1980, is a small nonprofit in the Public Safety sector that reported $157K in total revenue in fiscal year 2024. Revenue fell 59% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $71K, a strong 45% operating margin.

Mission

Providing volunteer fire-fighting services on the west side of Possum Kingdom Lake in Palo Pinto County.

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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 (2024)

Revenue Breakdown

Contributions & Grants $114,090

Program Service Revenue $0

Investment Income $13,587

Other Revenue $29,319

TOTAL REVENUE $156,996

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $77,320

Other Expenses $85,792

TOTAL EXPENSES $85,792

Year-over-Year Comparison

	2024	2023	Change
Revenue	$156,996	$385,163	-0.6%
Expenses	$85,792	$100,673	-0.1%
Net Income	$71,204	$284,490	-0.7%

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
Linda Klein	Director	1.00	Director	$0	$0	$0
Pete Atwell	Director	1.00	Director	$0	$0	$0
Rick Monteleone	Director	1.00	Director	$0	$0	$0
Mike Patton	Director	1.00	Director	$0	$0	$0
Ron Rigdon	Director	1.00	Director	$0	$0	$0
Shane Shanafelt	Director	1.00	Director	$0	$0	$0
Monty Jasper	President	1.00	Officer Director	$0	$0	$0
Bobby Kernell	Vice President	1.00	Officer Director	$0	$0	$0
Susan Nance	Treasurer	15.00	Officer Director	$0	$0	$0
James Edmondson	Fire Chief-Director	30.00	Officer Director	$0	$0	$0
Sherry Lord	Secretary	1.00	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
2024	$156,996	$85,792	$676,441	$71,204
2023	$385,163	$100,673	$605,237	$284,490

Possum Kingdom Westside Vol Fire Dept