West Odessa Volunteer Fire Departm… - Form 990 Financial Data

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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

1978

Legal Domicile

Principal Officer

William Sappington

Phone

4325563625

Tax Period

2024-01-01 to 2024-12-31

West Odessa Volunteer Fire Department Inc, founded in 1978, is a small nonprofit that reported $216K in total revenue in fiscal year 2024. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $421K exceeded revenue, resulting in a 95% operating deficit.

Mission

To extinguish fires and help people recover from fire disasters in the West Odessa area.

Program Service Accomplishments

Program 1

The purpose of the VFD is to extinguish fires and help people recover from fire disasters in the West Odessa area.

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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 $209,146

Program Service Revenue $0

Investment Income $-3,405

Other Revenue $10,308

TOTAL REVENUE $216,049

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $421,478

Other Expenses $421,478

TOTAL EXPENSES $421,478

Year-over-Year Comparison

	2024	2023	Change
Revenue	$216,049	$2,180,794	-0.9%
Expenses	$421,478	$222,361	+0.9%
Net Income	$-205,429	$1,958,433	-1.1%

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
AUSTIN HARDIN	FIRE CHIEF	30.00	Officer Director	$0	$0	$0
RYAN KELLY	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
WILLIAM SAPPINGTON	TREASURER	10.00	Officer Director	$0	$0	$0
TIM O'NEAL	PRESIDENT	30.00	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	$216,049	$421,478	$2,053,904	$-205,429
2023	$2,180,794	$222,361	$2,108,069	$1,958,433

West Odessa Volunteer Fire Department Inc