Bono Volunteer Fire Department

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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

Paul Skoog

Phone

8176912347

Tax Period

2023-01-01 to 2023-12-31

Bono Volunteer Fire Department, founded in 1978, is a small nonprofit in the Public Safety sector that reported $264K in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. Net assets of $811K represent 37 months of operating reserves.

Mission

Bono Volunteer Fire Department provides fire fighting services to a rural area not provided service from any city fire department. The Bono VFD also responds to vehicle accidents. In 2023 the Bono VFD responded to 296 incidents.

Program Service Accomplishments

Program 1

Expenses: $236,127

Voulenteer Fire department responding to rural fires and vehicle accidents

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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 (2023)

Revenue Breakdown

Contributions & Grants $248,020

Program Service Revenue $0

Investment Income $333

Other Revenue $15,267

TOTAL REVENUE $263,620

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $236,127

Other Expenses $271,036

TOTAL EXPENSES $271,036

Year-over-Year Comparison

	2023	2022	Change
Revenue	$263,620	$186,416	+0.4%
Expenses	$271,036	$243,552	+0.1%
Net Income	$-7,416	$-57,136	-0.9%

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
Chad Wilson	Chief	005.00	Officer Director Key Emp	$0	$0	$0
Glen R Scarbrough Sr	VP	002.00	Officer Director	$0	$0	$0
Wileta Kretzschmar	Director	002.00	Director	$0	$0	$0
Scotty Irons	Director	002.00	Director	$0	$0	$0
Ronny McPhearson	Director	002.00	Director	$0	$0	$0
Gary Dempsey	Director	002.00	Director	$0	$0	$0
Cathrynne Blume	Secretary	002.00	Officer Director	$0	$0	$0
Paul Skoog	Treasurer	005.00	Officer Director Key Emp	$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	No data	No data	No data	No data
2023	$263,620	$271,036	$811,150	$-7,416
2023	$243,167	$271,036	$790,696	$-27,869
2022	$186,416	$243,552	$920,886	$-57,136
2021	$195,307	$206,580	$1,207,348	$-11,273
2020	$191,941	$164,249	$943,713	$27,692
2019	$192,745	$194,412	$941,012	$-1,667
2018	$402,639	$167,568	$945,591	$235,071