NEW HOPE FIRE DEPARTMENT INC (EIN 474144629) - 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

2015

Legal Domicile

Principal Officer

KEITH HARPER

Phone

7049132510

Tax Period

2025-01-01 to 2025-12-31

NEW HOPE FIRE DEPARTMENT INC, founded in 2015, is a community nonprofit in the Public Safety sector that reported $1.1M in total revenue in fiscal year 2025. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 10% operating deficit.

Mission

TO PROVIDED FIRE PROTECTION FOR GASTON COUNTY COMMUNITY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,089,502

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,089,502

Expense Breakdown

Grants Paid $0

Salaries & Benefits $375,915

Fundraising Expenses $0

Other Expenses $826,302

TOTAL EXPENSES $1,202,217

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,089,502	$2,328,791	-0.5%
Expenses	$1,202,217	$2,310,033	-0.5%
Net Income	$-112,715	$18,758	-7.0%

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

N/A

Employees

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
GARY REEGER	MEMBER	10.00	Director	$0	$0	$0
REID GOODMAN	MEMBER	10.00	Director	$0	$0	$0
WAYNE CHILDERS	MEMBER	10.00	Director	$0	$0	$0
RAYMOND STOWE II	MEMBER	10.00	Director	$0	$0	$0
CURTIS RUSSELLE	MEMBER	10.00	Director	$0	$0	$0
MICHAEL STOWE Jr	MEMBER	10.00	Director	$0	$0	$0
KEITH HARPER	PRESIDENT	15.00	Officer	$0	$0	$0
WAYNE CHILDERS	VICE PRESIDENT	10.00	Officer	$0	$0	$0
ROY E MCGINNIS	TREASURER	10.00	Officer	$0	$0	$0
CHARLES HUTCHINS	SECRETARY	10.00	Officer	$0	$0	$0
RAYMOND BOREL	MEMBER	10.00	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
2025	$1,089,502	$1,202,217	$800,345	$-112,715
2024	$2,328,791	$2,310,033	$909,197	$18,758
2023	$654,207	$1,127,366	$849,722	$-473,159
2022	$537,000	$385,637	$795,901	$151,363
2021	$482,310	$550,057	$660,487	$-67,747
2020	$458,703	$506,786	$766,830	$-48,083
2019	$611,408	$301,859	$760,368	$309,549
2018	$431,091	$480,918	$492,605	$-49,827

NEW HOPE FIRE DEPARTMENT INC