Bullard Volunteer Fire Department Inc (EIN 752019256) - 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

1984

Legal Domicile

Phone

9038947143

Tax Period

2024-01-01 to 2024-12-31

Bullard Volunteer Fire Department Inc, founded in 1984, is a small nonprofit in the Public Safety sector that reported $145K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $264K exceeded revenue, resulting in a 83% operating deficit.

Mission

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

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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 $142,331

Program Service Revenue $0

Investment Income $2,296

Other Revenue $0

TOTAL REVENUE $144,627

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $264,344

Other Expenses $264,344

TOTAL EXPENSES $264,344

Year-over-Year Comparison

	2024	2023	Change
Revenue	$144,627	$226,674	-0.4%
Expenses	$264,344	$280,035	-0.1%
Net Income	$-119,717	$-53,361	+1.2%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
Mike Balfay	President	Director	$0	$0	$0
James McBride	Treasurer	Director	$0	$0	$0
Greg Lugo	Secretary	Director	$0	$0	$0
Patrick Mefferd	Sergent of Arms	Director	$0	$0	$0
Gary Newburn	Board Member	Director	$0	$0	$0
David Hortman	Vice President	Officer	$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	$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