TROUTMAN FIRE DEPARTMENT INC

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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

EDWARD HAILEY

Phone

7045284576

Tax Period

2024-07-01 to 2025-06-30

TROUTMAN FIRE DEPARTMENT INC, founded in 1974, is a community nonprofit in the Public Safety sector that reported $3.4M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Net assets of $7.7M represent 27 months of operating reserves.

Mission

EMERGENCY FIREFIGHTING AND RESCUE SERVICES FOR THE GENERAL PUBLIC BENEFIT IN TROUTMAN COMMUNITY AND THE BARRINGER AND FALLSTOWN TOWNSHIPS.

Program Service Accomplishments

Program 1

Expenses: $3,129,442 Revenue: $687,235

EMERGENCY FIREFIGHTING AND RESCUE SERVICES FOR THE GENERAL PUBLIC BENEFIT IN TROUTMAN COMMUNITY AND THE BARRINGER AND FALLSTOWN TOWNSHIPS.

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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 $2,491,949

Program Service Revenue $687,235

Investment Income $96,706

Other Revenue $154,232

TOTAL REVENUE $3,430,122

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,387,738

Fundraising Expenses $0

Program Expenses $3,129,442

Other Expenses $1,048,599

TOTAL EXPENSES $3,436,337

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,430,122	$3,917,978	-0.1%
Expenses	$3,436,337	$2,932,413	+0.2%
Net Income	$-6,215	$985,565	-1.0%

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

$137,605

Total Directors

$5,860

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD HAILEY	CHAIRMAN	1.00	Director	$0	$0	$0
KELLY CLONTZ	VICE CHAIRMAN	1.00	Director	$0	$0	$0
STEVE SHEALY	TREASURER/SECRETARY	8.00	Director	$5,860	$0	$5,860
JACK NEEL	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN VOELSKE	BOARD MEMBER @ LARGE	1.00	Director	$0	$0	$0
FRANK CLINE	BOARD MEMBER @ LARGE	1.00	Director	$0	$0	$0
JEFF COGGINS	BOARD MEMBER	1.00	Director	$0	$0	$0
WESLEY MORRIS	CHIEF	40.00	Officer	$70,083	$0	$70,083
JIMMY KESTLER	DEPUTY CHIEF	40.00	Officer	$67,522	$0	$67,522

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	$3,430,122	$3,436,337	$9,554,214	$-6,215
2024	$3,917,978	$2,932,413	$9,702,938	$985,565
2023	$2,518,288	$2,642,005	$8,887,091	$-123,717
2022	$2,789,721	$2,586,733	$9,249,789	$202,988
2021	$2,810,232	$1,854,118	$9,346,281	$956,114
2020	$2,037,457	$1,597,532	$8,228,442	$439,925
2019	$1,525,023	$1,335,650	$6,403,673	$189,373
2018	$1,703,754	$1,404,400	$6,124,034	$299,354