MIDWAY FIRE DEPARTMENT

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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

1974

Legal Domicile

Principal Officer

PHILIP p HUDSON

Phone

4345726194

Tax Period

2025-01-01 to 2025-12-31

MIDWAY FIRE DEPARTMENT, founded in 1974, is a small nonprofit in the Public Safety sector that reported $142K in total revenue in fiscal year 2025. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $167K exceeded revenue, resulting in a 17% operating deficit.

Mission

PROVIDE FIRE AND EMERGENCY SERVICES TO THE PUBLIC IN THE COMMUNITIES OF HALIFAX AND MECKLENBERG COUNTIES.

Program Service Accomplishments

Program 1

Expenses: $166,619

PROVIDED FIRE AND EMERGENCY SERVICES TO THE PUBLIC IN THE COMMUNITIES OF HALIFAX AND MECKLENBURG COUNTIES.

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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 $141,095

Program Service Revenue $0

Investment Income $784

Other Revenue $0

TOTAL REVENUE $141,879

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $166,619

Other Expenses $166,619

TOTAL EXPENSES $166,619

Year-over-Year Comparison

	2025	2024	Change
Revenue	$141,879	$196,929	-0.3%
Expenses	$166,619	$214,847	-0.2%
Net Income	$-24,740	$-17,918	+0.4%

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

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
PHILIP p HUDSON	PRESIDENTDIRECTOR	2.00	Officer Director	$0	$0	$0
JOSH STEMBRIDGE	VPDIRECTOR	2.00	Officer Director	$0	$0	$0
ANNA GENTRY	SECDIRECTOR	2.00	Officer Director	$0	$0	$0
KATHY HITE	TRESDIRECTOR	2.00	Officer Director	$0	$0	$0
BLAKE GENTRY	CHIEF	2.00	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
2025	$141,879	$166,619	$467,402	$-24,740
2024	$196,929	$214,847	$507,235	$-17,918
2023	$119,760	$175,373	$538,874	$-55,613
2022	$127,349	$137,387	$608,918	$-10,038
2021	$102,438	$117,031	$487,314	$-14,593
2020	$115,263	$99,873	$519,088	$15,390
2019	$88,799	$126,917	$519,453	$-38,118