FOSCOE VOLUNTEER FIRE DEPARTMENT I… - Form 990 Financial Data

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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

1972

Legal Domicile

Principal Officer

LEO FRANK ALDRIDGE

Tax Period

2023-01-01 to 2023-12-31

FOSCOE VOLUNTEER FIRE DEPARTMENT INC, founded in 1972, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $529K, a strong 45% operating margin.

Mission

FOSCOE VOLUNTEER FIRE DEPT WAS ORGANIZED IN MARCH 1971 TO PROTECT THE HOMES AND PROPERTY OF THE CITIZENS OF THE FOSCOE COMMUNITY. CURRENTLY THERE IS A FIRST RESPONDERS UNIT IN ADDITION TO FIREFIGHTING.

Program Service Accomplishments

Program 1

Expenses: $631,855

FOSCOE VOLUNTEER FIRE DEPARTMENT SERVES THE FOSCOE FIRE DISTRICT OF WATAUGA COUNTY, NORTH CAROLINA, BY PROVIDING 24 HOUR FIRST-RESPONDER UNITS, AS WELL AS FIREFIGHTERS AND EQUIPMENT. IT ALSO...

FOSCOE VOLUNTEER FIRE DEPARTMENT SERVES THE FOSCOE FIRE DISTRICT OF WATAUGA COUNTY, NORTH CAROLINA, BY PROVIDING 24 HOUR FIRST-RESPONDER UNITS, AS WELL AS FIREFIGHTERS AND EQUIPMENT. IT ALSO PARTICIPATES IN MUTUAL AID WITH OTHER AREA FIRE DEPARTMENTS IN WATAUGA AND AVERY COUNTIES AS NEEDED. ANSWERED CALLS DURING 2023 CONSISTED OF 323 TOTAL CALLS INCLUDING 208 FIRE/NON-MEDICAL CALLS & 115 EMERGENCY MEDICAL CALLS. VOLUNTEERS AND 2 PAID EMPLOYEES COMPLETED 2,857 HOURS OF TRAININGS DURING 2023. FOSCOE VOLUNTEER FIRE DEPARTMENT PROVIDES AND INSTALLS SMOKE ALARMS IN THE HOMES OF RESIDENTS OF ITS DISTRICT. EXPENSES ARE INCLUDED IN THE TOTAL. 2023 INSTALLATIONS TOTALED 28. FOSCOE FIRE DEPARTMENT PROVIDES NUMERALS TO INDICATE 9-1-1 ADDRESSES OF THE PROPERTIES WITHIN ITS DISTRICT. COSTS AND HOURS ARE INCLUDED IN THE FIRST ACHIEVEMENT. EXPENSES ARE INCLUDED IN OTHER SECTIONS. TEN HOUSEHOLDS WERE ASSISTED IN 2023. FOSCOE FIRE DEPARTMENT PARTICIPATES IN FIRE PREVENTION WEEK BY VISITING THE ELEMENTARY SCHOOL LOCATED WITHIN ITS DISTRICT. THE VOLUNTEERS SPEAK WITH THE CHILDREN REGARDING WAYS TO PREVENT FIRES, WAYS TO ESCAPE FIRES AND THE WAYS TO REPORT FIRES. THEY ALSO PROVIDE HAND OUTS AND TREATS. PROGRAM CONSISTS OF APPROXIMATELY 48 VOLUNTEER HOURS. DEPARTMENT PROVIDES CPR CERTIFICATIONS TO THE COMMUNITY. SIX PEOPLE RECEIVED TRAINING.

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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 $5,528

Program Service Revenue $1,148,861

Investment Income $18,372

Other Revenue $2,804

TOTAL REVENUE $1,175,565

Expense Breakdown

Grants Paid $0

Salaries & Benefits $133,137

Fundraising Expenses $0

Program Expenses $631,855

Other Expenses $511,445

TOTAL EXPENSES $646,622

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,175,565	$978,610	+0.2%
Expenses	$646,622	$835,976	-0.2%
Net Income	$528,943	$142,634	+2.7%

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
RICHARD PASTUSIC	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE SHOOK	BOARD MEMBER	1.00	Director	$0	$0	$0
NEAL CHURCH	BOARD MEMBER	1.00	Director	$0	$0	$0
HUGHIE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID STERN	SECRETARY	1.00	Officer	$0	$0	$0
LEO FRANK ALDRIDGE	CHAIRMANSAFETY OFFICER	3.00	Officer	$0	$0	$0
DONALD BARE	VICE CHAIR	1.00	Officer	$0	$0	$0
FRANK BUMGARNER	TREASURER	3.00	Officer	$0	$0	$0
JAMES MATTHEW ALDRIDGE	FIRE CHIEF	50.00	Highest	$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	$1,175,565	$646,622	$6,290,462	$528,943
2022	$978,610	$835,976	$5,762,639	$142,634
2021	$857,753	$589,108	$5,620,572	$268,645
2020	$850,437	$725,921	$5,348,244	$124,516
2019	$772,244	$614,311	$5,224,308	$157,933
2018	$817,156	$631,466	$5,065,110	$185,690

FOSCOE VOLUNTEER FIRE DEPARTMENT INC