Westminster Volunteer Fire Department Inc (EIN 752677244) - 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

1996

Legal Domicile

Principal Officer

Rodney Adams

Phone

9729244141

Tax Period

2023-01-01 to 2023-12-31

Westminster Volunteer Fire Department Inc, founded in 1996, is a small nonprofit in the Public Safety sector that reported $119K in total revenue in fiscal year 2023. The organization ran a surplus of $29K, a strong 24% operating margin.

Mission

To provide emergency fire suppression, emergency medical response, and public safety training to all 4,000 approximate people in our 28.9 square mile area of responsibility and to respond to requests for mutual aid.

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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 $12,180

Program Service Revenue $46,967

Investment Income $575

Other Revenue $59,444

TOTAL REVENUE $119,166

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $70,363

Other Expenses $90,168

TOTAL EXPENSES $90,168

Year-over-Year Comparison

	2023	2022	Change
Revenue	$119,166	$115,307	+0.0%
Expenses	$90,168	$99,444	-0.1%
Net Income	$28,998	$15,863	+0.8%

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
Mark Griffin	Chief	020.00	Officer Director	$0	$0	$0
Rod Adams	Asst Chief/Treasurer	020.00	Officer Director	$0	$0	$0
Eric Lester	Secretary	020.00	Officer Director	$0	$0	$0
Sam Geer	Director	010.00	Director	$0	$0	$0
Tanner Hall	Director	010.00	Director	$0	$0	$0
Tyler Bradford	Director	010.00	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	No data	No data	No data	No data
2023	$119,166	$90,168	$313,050	$28,998
2022	$115,307	$99,444	$285,702	$15,863
2021	$166,899	$120,774	$271,058	$46,125
2020	$248,792	$177,444	$226,280	$71,348
2019	$287,383	$276,787	$156,224	$10,596

Westminster Volunteer Fire Department Inc