RICHARDS 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

1947

Legal Domicile

Principal Officer

JOAN TEER

Phone

8322293610

Tax Period

2025-01-01 to 2025-12-31

RICHARDS VOLUNTEER FIRE DEPARTMENT, founded in 1947, is a micro nonprofit in the Public Safety sector that reported $100K in total revenue in fiscal year 2025. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $34K, a strong 34% operating margin.

Mission

PROTECTION OF RURAL HOMEOWNERS AND PROPERTY OWNERS IN GRIMES COUNTY TEXAS.

Program Service Accomplishments

Program 1

Expenses: $62,708

PROTECTION OF RURAL HOMEOWNERS AND 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 (2025)

Revenue Breakdown

Contributions & Grants $75,366

Program Service Revenue $0

Investment Income $60

Other Revenue $24,465

TOTAL REVENUE $99,891

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $62,708

Other Expenses $66,143

TOTAL EXPENSES $66,143

Year-over-Year Comparison

	2025	2024	Change
Revenue	$99,891	$82,019	+0.2%
Expenses	$66,143	$71,848	-0.1%
Net Income	$33,748	$10,171	+2.3%

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
2025	$99,891	$66,143	$219,249	$33,748
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