NORTH LENOIR FIRE PROTECTION ASSOC INC (EIN 205409157) - 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

Principal Officer

FRANKLIN FLOYD

Phone

2525231303

Tax Period

2024-07-01 to 2025-06-30

NORTH LENOIR FIRE PROTECTION ASSOC INC is a small nonprofit in the Public Safety sector that reported $896K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $385K, a strong 43% operating margin.

Mission

VOLUNTEER FIRE DEPARTMENT.

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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 $842,668

Program Service Revenue $0

Investment Income $5,486

Other Revenue $47,847

TOTAL REVENUE $896,001

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $477,055

Other Expenses $511,030

TOTAL EXPENSES $511,030

Year-over-Year Comparison

	2024	2023	Change
Revenue	$896,001	$716,292	+0.3%
Expenses	$511,030	$624,783	-0.2%
Net Income	$384,971	$91,509	+3.2%

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
CHRIS DECKER	MEMBER AT LA	N/A	Officer Director	$0	$0	$0
FRANKLIN FLOYD	TREASURER	N/A	Officer Director	$0	$0	$0
GEORGE SMITH III	PRESIDENT	N/A	Officer Director	$0	$0	$0
ZACH JENKINS	SECRETARY	N/A	Officer Director	$0	$0	$0
TERRY KOONCE	VICE PRESIDE	N/A	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	$896,001	$511,030	$3,064,146	$384,971
2024	$716,292	$624,783	$2,469,499	$91,509
2023	$873,681	$628,888	$2,516,775	$244,793
2022	$581,850	$553,869	$2,422,636	$27,981
2021	$599,220	$462,956	$2,662,831	$136,264
2020	$645,671	$441,746	$2,702,787	$203,925
2019	$630,234	$423,499	$2,749,771	$206,735
2018	$595,511	$952,438	$2,259,202	$-356,927

NORTH LENOIR FIRE PROTECTION ASSOC INC