GEARHART VOLUNTEER FIRE DEPARTMENT (EIN 931158976) - 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

1906

Legal Domicile

Principal Officer

RANDY BOWERS

Phone

5037387838

Tax Period

2023-01-01 to 2023-12-31

GEARHART VOLUNTEER FIRE DEPARTMENT, founded in 1906, is a small nonprofit in the Public Safety sector that reported $182K in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $244K exceeded revenue, resulting in a 34% operating deficit.

Mission

PROVIDE FIRE PROTECTION FOR GEARHART RURAL FIRE DISTRICT

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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 (2023)

Revenue Breakdown

Contributions & Grants $165,796

Program Service Revenue $0

Investment Income $4,898

Other Revenue $11,203

TOTAL REVENUE $181,897

Expense Breakdown

Grants Paid $6,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $211,888

Other Expenses $121,237

TOTAL EXPENSES $244,151

Year-over-Year Comparison

	2023	2022	Change
Revenue	$181,897	$124,531	+0.5%
Expenses	$244,151	$213,765	+0.1%
Net Income	$-62,254	$-89,234	-0.3%

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
ROB BROOKS	VICE PRESIDENT	009.00	Officer	$0	$0	$0
ANTHONY COMO	PRESIDENT	004.00	Officer	$0	$0	$0
KORI BROOKS	SECRETARY	003.00	Officer	$0	$0	$0
RANDALL BOWERS	TREASURER	004.00	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	No data	No data	No data	No data
2023	$181,897	$244,151	$456,812	$-62,254
2022	$124,531	$213,765	$491,116	$-89,234
2021	$336,645	$162,033	$612,189	$174,612
2020	$134,454	$131,556	$583,750	$2,898

GEARHART VOLUNTEER FIRE DEPARTMENT