Creswell Volunteer Fire Department… - 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

1974

Legal Domicile

Principal Officer

LISA PATRICK

Phone

2523945348

Tax Period

2024-01-01 to 2024-12-31

Creswell Volunteer Fire Department Inc, founded in 1974, is a small nonprofit that reported $147K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $182K exceeded revenue, resulting in a 24% operating deficit.

Mission

TO PROVIDE FIRE FIGHTING PRRTECTION TO THE TOWN OF CRESWELL NC AND SURROUNDING AREAS. ALSO TO PROVIDE FIRE SAFETY EDUCATION AND AWARENESSS THROUGH COMMUNITY ACTIVITY.

Program Service Accomplishments

Program 1

Expenses: $166,187

CRESWELL VOLUNTEER FIRE DEPARTMENT SERVES A LARGE AGRICULTURAL AREA IN EASTERN NORTH CAROLINA. EXPENSES COVER THE NORMAL OPERATING COSTS OF FACILITIES, MAINTENANCE AND REPLEACEMENT OF VEHICLES AND...

CRESWELL VOLUNTEER FIRE DEPARTMENT SERVES A LARGE AGRICULTURAL AREA IN EASTERN NORTH CAROLINA. EXPENSES COVER THE NORMAL OPERATING COSTS OF FACILITIES, MAINTENANCE AND REPLEACEMENT OF VEHICLES AND EQUIPMENT. REGULAR COUNTY PAYMENTS HAVE INCREASED THE ABILITY TO BETTER REPLACE AGING EQUIPMENT INCLUDING FIREFIGHTING GEAR, COMMUNICATION EQUIPMENT AND EQUIPMENT NECESSARY FOR THE VARIETY OF EMS AND FIRE SITUATIONS THE FIRE DEPARTMENT MAY ENCOUNTER. THIS YEAR A TRUCK HAS BEEN PAID OFF. PLANS ARE FOR PURCHASE OF A NEW LARGE TANKER FOR 2025. ALSO, TRAINING AND MILEAGE COMPENSATION IS PROVIDED TO VOLUNTEERS.

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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 $126,731

Program Service Revenue $0

Investment Income $1,208

Other Revenue $19,267

TOTAL REVENUE $147,206

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,680

Fundraising Expenses $919

Program Expenses $166,187

Other Expenses $178,386

TOTAL EXPENSES $182,017

Year-over-Year Comparison

	2024	2023	Change
Revenue	$147,206	$241,848	-0.4%
Expenses	$182,017	$242,909	-0.3%
Net Income	$-34,811	$-1,061	+31.8%

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
RON AMBROSE	CHIEF	6.0	Officer	$0	$0	$0
CHARLIE LANCASTER	ASST CHIEF	6.0	Officer	$0	$0	$0
DAVID CLIFTON	CAPTAIN	6.0	Officer	$0	$0	$0
CARL SPRUILL	CAPTAIN	6.0	Officer	$0	$0	$0
WAYNE WISNER	LIEUTENANT	6.0	Officer	$0	$0	$0
LISA PATRICK	TREASURER	10.0	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	$147,206	$182,017	$166,108	$-34,811
2023	$241,848	$242,909	$200,920	$-1,061
2022	$166,621	$117,457	$201,589	$49,164
2021	$83,378	$102,612	$150,103	$-19,234
2020	$96,657	$141,175	$169,010	$-44,518
2019	$74,566	$120,370	$216,771	$-45,804
2018	$91,444	$104,928	$252,951	$-13,484

Creswell Volunteer Fire Department Inc