LOCUST COMMUNITY VOLUNTEER FIRE DEP

EIN: 752214586 501(c)(3)

POTTSBORO, TX

Total Revenue
$107,067
Total Expenses
$72,755
Total Assets
$418,820
Net Assets
$418,820
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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
1971
Principal Officer
CHRIS MICHAEL
Phone
9723659160
Tax Period
2025-01-01 to 2025-12-31

LOCUST COMMUNITY VOLUNTEER FIRE DEP, founded in 1971, is a small nonprofit that reported $107K in total revenue in fiscal year 2025. Revenue fell 36% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $34K, a strong 32% operating margin.

Mission

VOLUNTEER FIRE DEPARTMENT

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $103,681
Program Service Revenue $0
Investment Income $3,386
Other Revenue $0
TOTAL REVENUE $107,067

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $14,901
Program Expenses $28,005
Other Expenses $57,854
TOTAL EXPENSES $72,755

Year-over-Year Comparison

2025 2024 Change
Revenue $107,067 $168,159 -0.4%
Expenses $72,755 $101,582 -0.3%
Net Income $34,312 $66,577 -0.5%
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

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Governance

Voting Members
12
Independent Members
12
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
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHANIE BROWN SECRETARY N/A
Director
$0 $0 $0
CHRIS MICHAEL PRESIDENT N/A
Director
$0 $0 $0
MIKE RICH VICE PRESIDE N/A
Director
$0 $0 $0
CORALE SPENCE TREASURER N/A
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 $107,067 $72,755 $418,820 $34,312
2024 $168,159 $101,582 $384,509 $66,577
2023 $103,661 $111,527 $317,932 $-7,866
2022 $140,921 $118,740 $325,797 $22,181
2021 $94,324 $119,225 $303,616 $-24,901
2020 $321,380 $83,886 $328,517 $237,494
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