SPRING VOLUNTEER FIRE ASSOCIATION (EIN 760053302) - 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

1953

Legal Domicile

Principal Officer

SCOTT SCHOONOVER

Phone

2813551266

Tax Period

2021-01-01 to 2021-12-31

SPRING VOLUNTEER FIRE ASSOCIATION, founded in 1953, is a micro nonprofit in the Public Safety sector that reported $35K in total revenue in fiscal year 2021. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $43K exceeded revenue, resulting in a 23% operating deficit.

Mission

Protecting the lives and property of those that live, visit, work or invest in the Spring, Texas area

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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 (2021)

Revenue Breakdown

Contributions & Grants $23,659

Program Service Revenue $0

Investment Income $0

Other Revenue $11,115

TOTAL REVENUE $34,774

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $42,942

Other Expenses $42,942

TOTAL EXPENSES $42,942

Year-over-Year Comparison

	2021	2020	Change
Revenue	$34,774	$3,384,827	-1.0%
Expenses	$42,942	$4,839,831	-1.0%
Net Income	$-8,168	$-1,455,004	-1.0%

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

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

$379,002

Total Directors

$379,002

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT SEIFERT	CEO	002.00	Officer Director	$0	$0	$98,248
ROBERT LOGAN	PRESIDENT	002.00	Officer Director	$0	$0	$86,644
SCOTT SCHOONOVER	TREASURER	002.00	Officer Director	$0	$0	$72,127
JEROD DAVENPORT	SECRETARY	002.00	Officer Director	$0	$0	$72,126
JOEL CRENSHAW	VICE PRESIDENT	002.00	Officer Director	$0	$0	$49,857

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
2021	$34,774	$42,942	$439,075	$-8,168
2020	$3,384,827	$4,839,831	$685,594	$-1,455,004
2019	$17,441,681	$17,807,407	$1,996,367	$-365,726
2018	$13,434,976	$15,205,636	$1,576,903	$-1,770,660

SPRING VOLUNTEER FIRE ASSOCIATION