ALTAMAHAW-OSSIPEE VOLUNTEER FIRE DE (EIN 510175145) - 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

1959

Legal Domicile

Principal Officer

MIKE MADREN

Phone

3365840526

Tax Period

2024-07-01 to 2025-06-30

ALTAMAHAW-OSSIPEE VOLUNTEER FIRE DE, founded in 1959, is a small nonprofit in the Public Safety sector that reported $873K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $830K left a modest 5% surplus.

Mission

FIRE PROTECTION FOR THE COMMUNITY SURROUNDING ALTAMAHAW-OSSIPEE.

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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 $839,471

Program Service Revenue $0

Investment Income $21,095

Other Revenue $12,086

TOTAL REVENUE $872,652

Expense Breakdown

Grants Paid $0

Salaries & Benefits $421,200

Fundraising Expenses $3,186

Program Expenses $794,499

Other Expenses $408,573

TOTAL EXPENSES $829,773

Year-over-Year Comparison

	2024	2023	Change
Revenue	$872,652	$953,772	-0.1%
Expenses	$829,773	$656,749	+0.3%
Net Income	$42,879	$297,023	-0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE MADREN	PRESIDENT	N/A	Officer Director	$0	$0	$0
DIANNE WATKINS	TREASURER	N/A	Officer Director	$0	$0	$0
AMY ISLEY	SECRETARY	N/A	Officer Director	$0	$0	$0
JEFF WARD	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
PHYLISS MICHAEL	ASST SECRET	N/A	Officer Director	$0	$0	$0
STACEY SMITH	ASST TREASUR	N/A	Officer Director	$0	$0	$0
ED LIPSCOMB SR	DIRECTOR	N/A	Director	$0	$0	$0
TONY MICHAEL	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT MONTGOMERY	DIRECTOR	N/A	Director	$0	$0	$0
DEBRA JOHNSON	DIRECTOR	N/A	Director	$0	$0	$0
CHRISTINA DOWELL	DIRECTOR	N/A	Director	$0	$0	$0
KIRK ROGERS	DIRECTOR	N/A	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	$872,652	$829,773	$2,368,620	$42,879
2024	$953,772	$656,749	$2,392,028	$297,023
2023	$743,675	$642,618	$2,156,800	$101,057
2022	$1,026,041	$606,088	$2,299,611	$419,953
2021	$655,358	$598,850	$1,315,808	$56,508
2020	$645,185	$627,381	$1,255,090	$17,804
2019	$643,529	$566,145	$1,217,133	$77,384
2018	$611,303	$488,717	$943,039	$122,586

ALTAMAHAW-OSSIPEE VOLUNTEER FIRE DE