TATUM 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

2002

Legal Domicile

Principal Officer

RAYFORD GIBSON

Phone

9032618707

Tax Period

2024-01-01 to 2024-12-31

TATUM VOLUNTEER FIRE DEPARTMENT, founded in 2002, is a micro nonprofit in the Public Safety sector that reported $82K in total revenue in fiscal year 2024. Revenue surged 61% from the prior year, signaling strong growth momentum. Net assets of $217K represent 32 months of operating reserves.

Mission

THE OBJECTIVE OF THE TATUM VOLUNTEER FIRE DEPARTMENT SHALL BE THE SAVING OF LIVES, AND THE PROTECTION OF PROPERTY ENDANGERED BY FIRES AND OTHER DISASTERS, AND TO PROMOTE THE TEACHING AND PRACTICE OF FIRE PREVENTION AND PROTECTION. THE TATUM VOLUNTEER FIRE DEPARTMENT SHALL ADHERE TO ALL STATE AND COUNTY LAWS AND REGULATIONS AS PERTAINING TO OPERATIONS OF THE FIRE DEPARTMENT WITHIN THE APPROPRIATE JURISDICTION OF SUCH AUTHORITY.

Program Service Accomplishments

Program 1

Expenses: $79,976

THE TATUM VOLUNTEER FIRE DEPARTMENT ACHIEVES THE ACCOMPLISHMENTS OF ITS PROGRAM SERVICES THROUGH PROVIDING INDIVIDUALS AND OTHER VOLUNTEER AGENCIES TRAINING IN FIRE SAFETY, PREVENTION AND...

THE TATUM VOLUNTEER FIRE DEPARTMENT ACHIEVES THE ACCOMPLISHMENTS OF ITS PROGRAM SERVICES THROUGH PROVIDING INDIVIDUALS AND OTHER VOLUNTEER AGENCIES TRAINING IN FIRE SAFETY, PREVENTION AND FIREFIGHTING TACTICS AND EQUIPMENT USAGE AT ITS TRAINING FACILITY IN TATUM, TEXAS.

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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 $79,350

Program Service Revenue $0

Investment Income $2,163

Other Revenue $0

TOTAL REVENUE $81,513

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $4,196

Program Expenses $79,976

Other Expenses $84,960

TOTAL EXPENSES $84,960

Year-over-Year Comparison

	2024	2023	Change
Revenue	$81,513	$50,611	+0.6%
Expenses	$84,960	$92,452	-0.1%
Net Income	$-3,447	$-41,841	-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

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
RAYFORD GIBSON	CHIEF	Officer	$0	$0	$0
CODY JONES	ASST. CHIEF	Officer	$0	$0	$0
JIMMY GALBREATH	Treasurer	Officer	$0	$0	$0
KENNY TURLINGTON	CAPTAIN	Officer	$0	$0	$0
KENZIE JONES	Secretary	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	$81,513	$84,960	$233,820	$-3,447
2023	$50,611	$92,452	$220,561	$-41,841
2022	$102,170	$105,856	$262,402	$-3,686
2021	$81,740	$89,858	$289,629	$-8,118
2020	$63,187	$90,477	$281,749	$-27,290
2019	$64,867	$89,898	$315,179	$-25,031
2018	$56,413	$98,481	$345,984	$-42,068