NORTH HALIFAX VOLUNTEER FIRE DEPT INC (EIN 541532503) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1964

Legal Domicile

Principal Officer

LAURIE SLAGLE

Phone

4343493500

Tax Period

2023-01-01 to 2023-12-31

NORTH HALIFAX VOLUNTEER FIRE DEPT INC, founded in 1964, is a small nonprofit in the Public Safety sector that reported $336K in total revenue in fiscal year 2018. Revenue decreased 13% compared to the prior year. Expenses of $294K left a modest 13% surplus.

Mission

RURAL VOLUNTEER FIRE DEPARTMENT

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $423,656

Program Service Revenue $0

Investment Income $244

Other Revenue $18,547

TOTAL REVENUE $442,447

Expense Breakdown

Grants Paid $0

Salaries & Benefits $314,214

Fundraising Expenses $0

Program Expenses $475,549

Other Expenses $161,335

TOTAL EXPENSES $475,549

Year-over-Year Comparison

	2023	2022	Change
Revenue	$442,447	$411,757	+0.1%
Expenses	$475,549	$324,178	+0.5%
Net Income	$-33,102	$87,579	-1.4%

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

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	Role	Reportable Comp	Other Comp	Total
RONNIE WALLER	CHIEF	Director	$0	$0	$0
JODY CONNER	ASST. CHIEF	Director	$0	$0	$0
CHAD HAISLIP	MEMBER	Director	$0	$0	$0
SHERMAN FISHER	CHAIRMAN	Director	$0	$0	$0
TONY HENDRICKS	MEMBER	Director	$0	$0	$0
STEVE CARTER	MEMBER	Director	$0	$0	$0
STEVE MOORE JR	MEMBER	Director	$0	$0	$0
JOHN STEVENS	PRESIDENT	Officer	$0	$0	$0
HUGH HENDRICKS	VICE-PRESIDENT	Officer	$0	$0	$0
STEVE MOORE	PARLIMENTARIAN	Officer	$0	$0	$0
LAURIE SLAGLE	TREASURER	Officer	$0	$0	$0
TOMMY LANE	SECRETARY	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
2023	$442,447	$475,549	$2,514,681	$-33,102
2022	$411,757	$324,178	$2,470,696	$87,579
2021	$367,246	$337,706	$2,422,627	$29,540
2020	$421,443	$304,570	$2,438,431	$116,873
2019	$379,762	$303,477	$2,354,952	$76,285
2018	$335,875	$293,619	$2,320,451	$42,256

NORTH HALIFAX VOLUNTEER FIRE DEPT INC