Elkhart 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

1974

Legal Domicile

Principal Officer

Tammy Reagan

Phone

9037249332

Tax Period

2024-01-01 to 2024-12-31

Elkhart Volunteer Fire Department, founded in 1974, is a small nonprofit in the Public Safety sector that reported $254K in total revenue in fiscal year 2024. Expenses of $323K exceeded revenue, resulting in a 27% operating deficit.

Mission

Volunteer Fire Department that responds to emergencies such as fire, natural disasters and man made accidents. Responds to medical emergencies, fire suppression, fire prevention and assists government agencies and the public.

Program Service Accomplishments

Program 1

Expenses: $254,435 Revenue: $190,000

Elkhart VFD received $190,000 FEMA grant used to purchase new equipment such as fire suppression equipment, life saving equipment, masks, goggles, air tanks, fire suits and response vehicles.

Program 2

Expenses: $68,529 Revenue: $38,000

Elkhart VFD recieved $20000.00 grant from Anderson County, TX which was used to replenish the capital fund for further operational expenses and a grant from City of Elkhart, TX for $18000.00 for same...

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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 $253,920

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $253,920

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $322,964

Other Expenses $322,964

TOTAL EXPENSES $322,964

Year-over-Year Comparison

	2024	2023	Change
Revenue	$253,920	N/A	N/A
Expenses	$322,964	N/A	N/A
Net Income	$-69,044	N/A	N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
NONE	NONE	N/A		$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	$253,920	$322,964	No data	$-69,044