NORTH CAROLINA FIREFIGHTERS FUND (EIN 271198557) - 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

Formation Year

2009

Legal Domicile

Principal Officer

HAROLD D COWARD

Phone

9198212132

Tax Period

2024-07-01 to 2025-06-30

NORTH CAROLINA FIREFIGHTERS FUND, founded in 2009, is a micro nonprofit in the Education sector that reported $94K in total revenue in fiscal year 2024. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $175K exceeded revenue, resulting in a 87% operating deficit.

Mission

TO ADVOCATE FOR FIREFIGHTERS HEALTH, EDUCATION AND WELL BEING

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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 $93,471

Program Service Revenue $0

Investment Income $485

Other Revenue $0

TOTAL REVENUE $93,956

Expense Breakdown

Grants Paid $175,290

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $175,290

Other Expenses $104

TOTAL EXPENSES $175,394

Year-over-Year Comparison

	2024	2023	Change
Revenue	$93,956	$510,895	-0.8%
Expenses	$175,394	$379,064	-0.5%
Net Income	$-81,438	$131,831	-1.6%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOMMY COLE	PRESIDENT	0.25	Officer Director	$0	$0	$0
DEAN COWARD	TREASURER	0.50	Officer Director	$0	$0	$0
WESLEY HUTCHINS	BOARD	0.25	Director	$0	$0	$0
REGGIE HASSLER	BOARD	0.25	Director	$0	$0	$0
SCOTT ALDERMAN	BOARD	0.25	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	$93,956	$175,394	$279,332	$-81,438
2024	$510,895	$379,064	$360,770	$131,831
2023	$515	$25,622	$228,939	$-25,107
2022	$751,923	$505,244	$254,045	$246,679

NORTH CAROLINA FIREFIGHTERS FUND