MADISON VOLUNTEER FIRE DEPARTMENT INC (EIN 911884664) - 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

1956

Legal Domicile

Principal Officer

Joseph D Smith

Phone

3043691021

Tax Period

2024-07-01 to 2025-06-30

MADISON VOLUNTEER FIRE DEPARTMENT INC, founded in 1956, is a small nonprofit in the Public Safety sector that reported $241K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Net assets of $1.3M represent 67 months of operating reserves.

Mission

TO PROVIDE FIRE PROTECTION AND EMERGENCY SERVICES TO THE CITIZENS OF MADISON AND BOONE COUNTY WEST VIRGINIA.

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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 $241,099

Program Service Revenue $0

Investment Income $10

Other Revenue $0

TOTAL REVENUE $241,109

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $104,340

Other Expenses $246,340

TOTAL EXPENSES $246,340

Year-over-Year Comparison

	2024	2023	Change
Revenue	$241,109	$222,243	+0.1%
Expenses	$246,340	$244,278	+0.0%
Net Income	$-5,231	$-22,035	-0.8%

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

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
Teddy Hager	member	10	Officer	$0	$0	$0
TERRI DUTY	TREASURER	10	Officer	$0	$0	$0
Joey Smith	Chief	10	Officer	$0	$0	$0
Joey Linville	vice president	10	Officer	$0	$0	$0
Jim Nelson	president	10	Officer	$0	$0	$0
Buster	Malcomb	10	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	$241,109	$246,340	$1,343,416	$-5,231
2024	$222,243	$244,278	$1,492,236	$-22,035
2023	$229,451	$238,868	$1,370,932	$-9,417
2022	$261,537	$230,100	$1,403,765	$31,437
2021	$163,509	$213,072	$1,348,138	$-49,563

MADISON VOLUNTEER FIRE DEPARTMENT INC