RICHARDS VOLUNTEER FIRE DEPARTMENT (EIN 900536759) - 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

1947

Legal Domicile

Principal Officer

JOAN TEER

Phone

8322293610

Tax Period

2024-01-01 to 2024-12-31

RICHARDS VOLUNTEER FIRE DEPARTMENT, founded in 1947, is a micro nonprofit in the Public Safety sector that reported $82K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $72K left a modest 12% surplus.

Mission

TO PROVIDE FIRE PROTECTION SERVICES TO PROPERTY OWNERS IN GRIMES COUNTY TEXAS.

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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 $70,195

Program Service Revenue $0

Investment Income $25

Other Revenue $11,799

TOTAL REVENUE $82,019

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $64,427

Other Expenses $71,848

TOTAL EXPENSES $71,848

Year-over-Year Comparison

	2024	2023	Change
Revenue	$82,019	$122,374	-0.3%
Expenses	$71,848	$88,421	-0.2%
Net Income	$10,171	$33,953	-0.7%

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
SAVANNAH CORDELL	PRESIDENT	10.00	Director	$0	$0	$0
REBECCA HOLTEY	VICE-PRESIDENT	10.00	Director	$0	$0	$0
MARGARET BAILEY	SECRETARY	10.00	Director	$0	$0	$0
JOAN TEER	TREASURER	10.00	Director	$0	$0	$0
CORT NORWOOD	CHIEF	10.00	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
2024	$82,019	$71,848	$185,501	$10,171
2023	$122,374	$88,421	$175,330	$33,953
2022	$94,256	$90,246	$191,377	$4,010
2021	$62,052	$57,772	$185,156	$4,280
2020	$105,580	$55,958	$210,551	$49,622
2019	$63,008	$47,168	$168,376	$15,840
2018	$77,172	$50,945	$159,617	$26,227

RICHARDS VOLUNTEER FIRE DEPARTMENT