Volk Dam, located in Franklin, Nebraska, is a private earth dam completed in 1960 with a primary purpose of fire protection, stock, or small fish pond. Standing at a height of 14.6 feet and with a length of 525 feet, the dam has a storage capacity of 53.5 acre-feet, with a normal storage level of 20.9 acre-feet. The dam sits on the TR-W Branch of Thompson Creek and is under the regulatory oversight of the Nebraska Department of Natural Resources.

Despite its low hazard potential, Volk Dam is currently in poor condition, as assessed in May 2018. The dam lacks an Emergency Action Plan (EAP) and has not been updated recently in terms of emergency contacts, inundation maps, or risk management measures. However, the dam is inspected every 10 years to ensure its structural integrity and public safety. With its unique location and purpose, Volk Dam serves as a vital resource for fire protection and wildlife in the area, making it an essential part of the local ecosystem and water management infrastructure.