West Lexington Volunteer Fire Department (EIN 900251279) - 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

2007

Legal Domicile

Principal Officer

Rick Hutchins

Phone

3362381930

Tax Period

2024-05-01 to 2025-04-30

West Lexington Volunteer Fire Department, founded in 2007, is a small nonprofit in the Public Safety sector that reported $550K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $770K exceeded revenue, resulting in a 40% operating deficit.

Mission

Volunteer fire department providing fire and medical rescue services to the immediate and surrounding communities

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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 $524,765

Program Service Revenue $0

Investment Income $24,785

Other Revenue $25

TOTAL REVENUE $549,575

Expense Breakdown

Grants Paid $0

Salaries & Benefits $262,986

Fundraising Expenses $0

Program Expenses $742,116

Other Expenses $507,124

TOTAL EXPENSES $770,110

Year-over-Year Comparison

	2024	2023	Change
Revenue	$549,575	$590,143	-0.1%
Expenses	$770,110	$541,253	+0.4%
Net Income	$-220,535	$48,890	-5.5%

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

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
Derrick Hadley	Board Member	002.00	Director	$0	$0	$0
Bert Wagner	Board Member	002.00	Director	$0	$0	$0
David Connie	Board Member	002.00	Director	$0	$0	$0
Roger Lawson	Board Member	002.00	Director	$0	$0	$0
Nick Holder	Vice Chair	002.00	Officer	$0	$0	$0
Jimmy Shinn	Chairman	002.00	Officer	$0	$0	$0
Anita Paige	Secretary	002.00	Officer	$0	$0	$0
Lori Clement	Treasurer	002.00	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
2025	$549,575	$770,110	$1,210,781	$-220,535
2024	$590,143	$541,253	$1,473,305	$48,890
2023	$481,327	$382,402	$959,548	$98,925
2022	$359,002	$292,645	$860,623	$66,357
2021	$297,604	$263,239	$767,810	$34,365
2020	$307,865	$338,521	$733,445	$-30,656
2019	$273,113	$216,155	$764,101	$56,958

West Lexington Volunteer Fire Department