Greenwood Volunteer Fire Department (EIN 752142529) - 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

1986

Legal Domicile

Principal Officer

Jon Baumann

Phone

4326827750

Tax Period

2024-01-01 to 2024-12-31

Greenwood Volunteer Fire Department, founded in 1986, is a small nonprofit in the Public Safety sector that reported $436K in total revenue in fiscal year 2024. Revenue surged 419% from the prior year, signaling strong growth momentum. The organization ran a surplus of $184K, a strong 42% operating margin.

Mission

Provide Volunteer Fire Fighting Service To Rural Portions of Midland County, TX: Extinguish Grass Fires, Residential Fires, Farm Building Fires, And Rural Industrial Fires, Etc.

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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 $244,661

Program Service Revenue $0

Investment Income $9,504

Other Revenue $182,165

TOTAL REVENUE $436,330

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $251,991

Other Expenses $251,991

TOTAL EXPENSES $251,991

Year-over-Year Comparison

	2024	2023	Change
Revenue	$436,330	$84,056	+4.2%
Expenses	$251,991	$191,291	+0.3%
Net Income	$184,339	$-107,235	-2.7%

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	Role	Reportable Comp	Other Comp	Total
Max Windle	Assistant Chief	Director	$0	$0	$0
Bill Martin	Training Chief	Director	$0	$0	$0
Robert Wallace	Captain	Director	$0	$0	$0
Ray LeBlanc	Chief	Director	$0	$0	$0
Matt Maurer	Secretary	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	$436,330	$251,991	$2,118,770	$184,339
2023	$84,056	$191,291	$1,934,431	$-107,235
2022	$598,451	$263,265	$2,015,415	$335,186
2021	$160,357	$346,014	$1,680,229	$-185,657
2020	$365,013	$370,631	$1,865,886	$-5,618
2019	$512,043	$279,028	$1,871,504	$233,015
2018	$511,944	$214,385	$1,638,489	$297,559

Greenwood Volunteer Fire Department