BOILING SPRINGS FIRE & RESCUE INC

EIN: 270944500 501(c)(3) Public Safety

BOILING SPRINGS, NC

Total Revenue
$2,281,405
Total Expenses
$743,557
Total Assets
$2,864,579
Net Assets
$2,863,399
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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
1959
Legal Domicile
NC
Phone
7044346881
Tax Period
2024-01-01 to 2024-12-31

BOILING SPRINGS FIRE & RESCUE INC, founded in 1959, is a community nonprofit in the Public Safety sector that reported $2.3M in total revenue in fiscal year 2024. The organization ran a surplus of $1.5M, a strong 67% operating margin.

Mission

TO ASSIST IN ANY EMERGENCY AND THE PROTECTION AND PRESERVATION OF LIFE AND PROPERTY

Program Service Accomplishments

Program 1
Expenses: $631,961

THE ORGANIZATION PROVIDED FIRE EDUCATION AND PROTECTION SERVICES TO THE CITIZENS OF BOILING SPRINGS AND SURROUNDING AREAS. THE ORGANIZATION ALSO PROVIDED FIRST RESPONDER SERVICES TO ASSIST CLEVELAND...

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THE ORGANIZATION PROVIDED FIRE EDUCATION AND PROTECTION SERVICES TO THE CITIZENS OF BOILING SPRINGS AND SURROUNDING AREAS. THE ORGANIZATION ALSO PROVIDED FIRST RESPONDER SERVICES TO ASSIST CLEVELAND COUNTY EMERGENCY SERVICES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,204,805
Program Service Revenue $31,761
Investment Income $44,839
Other Revenue $0
TOTAL REVENUE $2,281,405

Expense Breakdown

Grants Paid $0
Salaries & Benefits $367,958
Fundraising Expenses $16,633
Program Expenses $631,961
Other Expenses $375,599
TOTAL EXPENSES $743,557

Year-over-Year Comparison

2024 2023 Change
Revenue $2,281,405 N/A N/A
Expenses $743,557 $159,964 +3.6%
Net Income $1,537,848 $-159,964 -10.6%
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

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Governance

Voting Members
50
Independent Members
50
Employees
40
Volunteers
N/A

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
4
$53,050
Total Directors
10
$78,918
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES E JONES III DIRECTOR OF OPERATIONS 25.00
Officer Director
$35,568 $0 $35,568
BOBBY E JONES SECRETARY 40.00
Director
$25,868 $0 $25,868
JONATHAN WHISNANT DIRECTOR 3.00
Officer Director
$7,928 $0 $7,928
JASON HOVIS DIRECTOR 3.00
Officer Director
$7,492 $0 $7,492
NICK RIZZO DIRECTOR 3.00
Officer Director
$2,062 $0 $2,062
NATHAN PHILLIPS CHAIRMAN 1.00
Director
$0 $0 $0
ROLAND HAMRICK VICE CHAIRMAN 1.00
Director
$0 $0 $0
JAKE WHISNANT DIRECTOR 1.00
Director
$0 $0 $0
MARTY THOMAS DIRECTOR 1.00
Director
$0 $0 $0
RODNEY CALLAHAN DIRECTOR 1.00
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
2024 $2,281,405 $743,557 $2,864,579 $1,537,848
2023 $1,123,682 $799,225 $1,326,696 $324,457
2022 $849,576 $840,812 $1,202,605 $8,764
2021 $704,347 $805,425 $1,258,226 $-101,078
2020 $844,631 $750,908 $1,490,066 $93,723
2019 $605,699 $625,008 $1,508,188 $-19,309
2018 $681,895 $801,823 $1,596,336 $-119,928
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