HAYWOOD VOLUNTEER FIRE DEPARTMENT INC (EIN 311074680) - 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

1983

Legal Domicile

Principal Officer

MIKE HATCHER

Phone

2706787511

Tax Period

2024-07-01 to 2025-06-30

HAYWOOD VOLUNTEER FIRE DEPARTMENT INC, founded in 1983, is a small nonprofit that reported $204K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $58K, a strong 28% operating margin.

Mission

HAYWOOD VOLUNTEER FIRE DEPARTMENT PROTECTS AND SERVICES 2500 PEOPLE LIVING IN A FIVE MILE RADIUS.

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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 $35,130

Program Service Revenue $110,598

Investment Income $55,813

Other Revenue $2,749

TOTAL REVENUE $204,290

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,400

Fundraising Expenses $2,923

Program Expenses $126,240

Other Expenses $135,267

TOTAL EXPENSES $146,667

Year-over-Year Comparison

	2024	2023	Change
Revenue	$204,290	$172,779	+0.2%
Expenses	$146,667	$136,798	+0.1%
Net Income	$57,623	$35,981	+0.6%

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

$11,400

Total Directors

$7,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GAYLON GRAVEN	DIRECTOR	1.00	Director	$0	$0	$0
TERRY HARLOW	DIRECTOR	1.00	Director	$0	$0	$0
ZACK KENDER	DIRECTOR	1.00	Director	$0	$0	$0
TIM MCGUIRE	DIRECTOR	1.00	Director	$0	$0	$0
MIKE HATCHER	PRESIDENT/TR	25.00	Officer Director	$7,800	$0	$7,800
MAX MORRIS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOSEPH DAY WALDEN	ASSISTANT CH	1.00	Officer Director	$0	$0	$0
MICAH HATCHER	SECRETARY	25.00	Officer	$1,800	$0	$1,800
MARILYN THOMAS	SECRETARY	25.00	Officer	$1,800	$0	$1,800

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	$204,290	$146,667	$459,240	$57,623
2024	$172,779	$136,798	$421,556	$35,981
2023	$158,694	$139,826	$373,210	$18,868
2022	$227,973	$115,974	$368,133	$111,999

HAYWOOD VOLUNTEER FIRE DEPARTMENT INC