Holly Lake Volunteer Fire Department Inc (EIN 751885479) - 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

1971

Legal Domicile

Principal Officer

Cheryl Thomas

Phone

9037694341

Tax Period

2024-10-01 to 2025-09-30

Holly Lake Volunteer Fire Department Inc, founded in 1971, is a small nonprofit in the Public Safety sector that reported $367K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $330K left a modest 10% surplus.

Mission

Fight and prevent fires, provide emergency assistance in Wood County, Texas

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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 $318,417

Program Service Revenue $0

Investment Income $5,595

Other Revenue $43,196

TOTAL REVENUE $367,208

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $321,589

Other Expenses $329,644

TOTAL EXPENSES $329,644

Year-over-Year Comparison

	2024	2023	Change
Revenue	$367,208	$413,851	-0.1%
Expenses	$329,644	$364,813	-0.1%
Net Income	$37,564	$49,038	-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

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
William Billinger	Fire Chief	25.00	Key Emp	$0	$0	$0
Dawn Lofgren	Assistant Fire Chief	25.00	Key Emp	$0	$0	$0
Freida Jones	President	10.00	Officer Director	$0	$0	$0
Douglas Attaway	Vice President	10.00	Officer Director	$0	$0	$0
Don Wolford	Secretary	10.00	Officer Director	$0	$0	$0
Cheryl Thomas	Treasurer	10.00	Officer Director	$0	$0	$0
Joseph Taylor	Director	10.00	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
2025	$367,208	$329,644	$1,072,344	$37,564
2024	$413,851	$364,813	$1,151,219	$49,038
2023	$377,306	$356,392	$1,226,533	$20,914
2022	$371,765	$336,680	$1,402,302	$35,085
2021	$286,518	$289,226	$914,062	$-2,708
2020	$247,933	$229,902	$921,847	$18,031
2019	$242,557	$247,535	$903,865	$-4,978

Holly Lake Volunteer Fire Department Inc