LONG COVE VOLUNTEER FIRE DEPARTMENT (EIN 920817988) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2022

Legal Domicile

Principal Officer

JAMES F WESSEL

Phone

2564980188

Tax Period

2024-01-01 to 2024-12-31

LONG COVE VOLUNTEER FIRE DEPARTMENT, founded in 2022, is a micro nonprofit in the Public Safety sector that reported $50K in total revenue in fiscal year 2022. The organization ran a surplus of $16K, a strong 33% operating margin.

Mission

TO PERPETUALLY RESPOND TO FIRE AND RESCUE EMERGENCIES FOR THE LONG COVE RESIDENTIAL DEVELOPMENT IN HENDERSON, TEXAS, AND MUTUAL AID REQUESTS IN ORDER TO PROTECT LIVES AND PROPERTY; TO ASSIST CITIZENS AND NEIGHBORS IN ANY PHILANTHROPIC ACTIVITIES; AND, TO CONDUCT ANY OTHER ACTIVITY PERMITTED BY APPLICABLE LAW OF A NONPROFIT ENTITY OF THIS TYPE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,330

Program Service Revenue $223,750

Investment Income $0

Other Revenue $0

TOTAL REVENUE $225,080

Expense Breakdown

Grants Paid $0

Salaries & Benefits $154,689

Fundraising Expenses $0

Program Expenses $239,782

Other Expenses $85,093

TOTAL EXPENSES $239,782

Year-over-Year Comparison

	2024	2023	Change
Revenue	$225,080	$206,750	+0.1%
Expenses	$239,782	$195,137	+0.2%
Net Income	$-14,702	$11,613	-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

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
JAMES F WESSEL	DIRECTOR	2.00	Officer Director	$0	$0	$0
LOWELL HARDIN	DIRECTOR	2.00	Director	$0	$0	$0
NATHANAEL SMITH	DIRECTOR	2.00	Director	$0	$0	$0
DAVE PHILLIPS	DIRECTOR	2.00	Director	$0	$0	$0
MARK SPAHLINGER	EMPLOYEE	40.00	Highest	$128,667	$0	$128,667

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	$225,080	$239,782	$24,178	$-14,702
2023	$206,750	$195,137	$38,537	$11,613
2022	$50,000	$33,742	$27,435	$16,258

LONG COVE VOLUNTEER FIRE DEPARTMENT