Bullard Volunteer Fire Department … - 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

1984

Legal Domicile

Phone

9038947143

Tax Period

2025-01-01 to 2025-12-31

Bullard Volunteer Fire Department Inc, founded in 1984, is a small nonprofit in the Public Safety sector that reported $182K in total revenue in fiscal year 2025. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $227K exceeded revenue, resulting in a 25% operating deficit.

Mission

Extinquishing Buildings, Grass and Stucture Fires, First Responderson Scene for Vechile Accidents and First Responders for MedicalEmergency

Program Service Accomplishments

Program 1

Expenses: $227,212 Revenue: $245,685

Fight Fires and Respond to Emergencies

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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 (2025)

Revenue Breakdown

Contributions & Grants $215,984

Program Service Revenue $0

Investment Income $-60,489

Other Revenue $26,950

TOTAL REVENUE $182,445

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $227,212

Other Expenses $227,212

TOTAL EXPENSES $227,212

Year-over-Year Comparison

	2025	2024	Change
Revenue	$182,445	$144,627	+0.3%
Expenses	$227,212	$264,344	-0.1%
Net Income	$-44,767	$-119,717	-0.6%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
Mike Balfay	President	Director	$0	$0	$0
James McBride	Treasurer	Director	$0	$0	$0
Gary Newburn	Vice President	Director	$0	$0	$0
Randy Hollingsworth	Secretary	Director	$0	$0	$0
James DeSimone	Sergeant-at-Arms	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	$182,445	$227,212	$713,157	$-44,767
2024	$144,627	$264,344	$773,602	$-119,717
2023	$226,674	$280,035	$840,990	$-53,361
2022	$212,132	$274,039	$918,578	$-61,907
2021	$307,994	$124,438	$990,669	$183,556
2020	$97,133	$94,720	$682,259	$2,413
2019	$51,896	$73,198	$711,203	$-21,302
2019	$45,057	$73,198	$711,203	$-28,141
2018	$65,687	$98,712	$781,468	$-33,025

Bullard Volunteer Fire Department Inc