LIPSCOMB COUNTY AREA VOLUNTEER FIR… - 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

1990

Legal Domicile

Tax Period

2024-10-01 to 2025-09-30

LIPSCOMB COUNTY AREA VOLUNTEER FIRE FIGHTERS ASSOCIATION INC, founded in 1990, is a small nonprofit that reported $493K in total revenue in fiscal year 2024. Net assets of $1.3M represent 31 months of operating reserves.

Mission

PROMOTE AND TEACH THE PRACTICE OF FIRE PREVENTION, PROVIDE RESCUE AND EMERGENCY SERVICES FOR THE PRESERVATION OF LIFE AND PROTECTION OF PROPERTY FROM AND DURING FIRE OR OTHER EMERGENCIES IN LIPSCOMB COUNTY AND THE SURROUNDING AREAS.

Program Service Accomplishments

Program 1

Expenses: $518,072

PROVIDE SAFE FIRE RESCUE EFFORTS FOR LIPSCOMB COUNTY AND THE SURROUNDING AREA. PROVIDE EDUCATION AND TRAINING FOR SURROUNDING FIRE DEPARTMENTS. PROMOTE FIRE PREVENTION.

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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 $440,527

Program Service Revenue $0

Investment Income $86

Other Revenue $52,787

TOTAL REVENUE $493,400

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $518,072

Other Expenses $540,740

TOTAL EXPENSES $540,740

Year-over-Year Comparison

	2024	2023	Change
Revenue	$493,400	$463,657	+0.1%
Expenses	$540,740	$232,019	+1.3%
Net Income	$-47,340	$231,638	-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

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
BJ CHAFFIN	SECRETARY/TREAS	1.00	Officer	$0	$0	$0
NEAL ASHPAUGH	FIRE CHIEF	1.00	Officer	$0	$0	$0
KEITH SCHOENHALS	SECRETARY/TREAS	1.00	Officer	$0	$0	$0
CLAYTON BORN	SECRETARY/TREAS	1.00	Officer	$0	$0	$0
JASON WATSON	FIRE CHIEF	1.00	Officer	$0	$0	$0
DILLON BURRUS	FIRE CHIEF	1.00	Officer	$0	$0	$0
LEVI HUNTRESS	SECRETARY/TREAS	1.00	Officer	$0	$0	$0
TRAVIS FRANCIS	FIRE CHIEF	1.00	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
2025	$493,400	$540,740	$1,254,595	$-47,340
2024	$463,657	$232,019	$1,301,935	$231,638
2023	$200,797	$206,807	$1,070,297	$-6,010
2022	$311,759	$181,785	$1,076,307	$129,974
2021	$108,676	$86,293	$946,333	$22,383
2020	$126,786	$118,481	$923,950	$8,305
2019	$146,868	$177,885	$915,645	$-31,017
2018	$216,980	$182,449	$946,662	$34,531

LIPSCOMB COUNTY AREA VOLUNTEER FIRE FIGHTERS ASSOCIATION INC