ELLENBORO VOLUNTEER FIRE DEPARTMENT INC (EIN 134320092) - 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

1965

Legal Domicile

Principal Officer

CHARLES VASSEY

Tax Period

2022-07-01 to 2023-06-30

ELLENBORO VOLUNTEER FIRE DEPARTMENT INC, founded in 1965, is a small nonprofit in the Public Safety sector that reported $669K in total revenue in fiscal year 2022. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $191K, a strong 29% operating margin.

Mission

PROVIDE FIRE AND RESCUE SERVICES IN RUTHERFORD COUNTY NC

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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 (2022)

Revenue Breakdown

Contributions & Grants $668,880

Program Service Revenue $0

Investment Income $105

Other Revenue $0

TOTAL REVENUE $668,985

Expense Breakdown

Grants Paid $0

Salaries & Benefits $103,351

Fundraising Expenses $0

Program Expenses $478,138

Other Expenses $374,787

TOTAL EXPENSES $478,138

Year-over-Year Comparison

	2022	2021	Change
Revenue	$668,985	$482,086	+0.4%
Expenses	$478,138	$544,400	-0.1%
Net Income	$190,847	$-62,314	-4.1%

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

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
TERRY HORN	CHIEF	20.00	Director	$0	$0	$0
ROBBIE DOWNEY	ASST CHIEF	50.00	Director	$0	$0	$0
BILL GREENE	TREASURER	10.00	Officer Director	$0	$0	$0
CRYSTAL HORN	SECRETARY	5.00	Officer Director	$0	$0	$0
DANNY HOLTZCLAW	VICE CHAIRMAN	10.00	Officer Director	$0	$0	$0
CHARLES VASSEY	CHAIRMAN	10.00	Officer Director	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$668,985	$478,138	$333,499	$190,847
2022	$482,086	$544,400	$142,652	$-62,314
2021	$453,544	$519,809	$204,966	$-66,265
2020	$464,461	$482,688	$271,231	$-18,227
2019	$342,862	$290,462	$289,458	$52,400

ELLENBORO VOLUNTEER FIRE DEPARTMENT INC