Florence 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

1990

Legal Domicile

Principal Officer

Sandra J Merrill

Phone

7197843611

Tax Period

2024-01-01 to 2024-12-31

Florence Volunteer Fire Department, founded in 1990, is a micro nonprofit that reported $32K in total revenue in fiscal year 2024. Revenue surged 94% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10K, a strong 30% operating margin.

Mission

The Organizations mission is to maintain the legacy of the Florence Volunteer Fire Department and its assets.

Program Service Accomplishments

Program 1

Expenses: $22,134 Revenue: $10,154

Program service accomplishments were maintaining the legacy of the Florence Volunteer Fire Department.

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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 $5,254

Program Service Revenue $4,900

Investment Income $21,556

Other Revenue $0

TOTAL REVENUE $31,710

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,134

Other Expenses $22,134

TOTAL EXPENSES $22,134

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,710	$16,343	+0.9%
Expenses	$22,134	$14,504	+0.5%
Net Income	$9,576	$1,839	+4.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dave Wales	Director	002.00	Officer Director	$0	$0	$0
Sandy Merrill	Treasurer	005.00	Officer Director	$0	$0	$0
John Wysong	Director	002.00	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
2025	No data	No data	No data	No data
2024	$31,710	$22,134	$239,296	$9,576
2023	$16,343	$14,504	$228,240	$1,839
2023	$16,343	$14,504	$228,240	$1,839
2022	$134,070	$194,165	$221,668	$-60,095
2021	$239,257	$210,793	$286,833	$28,464
2020	$138,820	$151,728	$249,583	$-12,908
2019	$185,967	$204,370	$261,871	$-18,403
2018	$232,368	$210,549	$285,335	$21,819