HATTERAS FIRE PROTECTIVE ASSN INC (EIN 560794436) - 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

1960

Legal Domicile

Principal Officer

WILLIAM W BALLANCE JR

Tax Period

2023-01-01 to 2023-12-31

HATTERAS FIRE PROTECTIVE ASSN INC, founded in 1960, is a small nonprofit that reported $302K in total revenue in fiscal year 2023. Revenue surged 87% from the prior year, signaling strong growth momentum. The organization ran a surplus of $118K, a strong 39% operating margin.

Mission

FIRE PROTECTION

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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 (2023)

Revenue Breakdown

Contributions & Grants $298,993

Program Service Revenue $0

Investment Income $3,996

Other Revenue $-1,286

TOTAL REVENUE $301,703

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,061

Fundraising Expenses $0

Program Expenses $169,835

Other Expenses $170,770

TOTAL EXPENSES $183,831

Year-over-Year Comparison

	2023	2022	Change
Revenue	$301,703	$161,017	+0.9%
Expenses	$183,831	$170,309	+0.1%
Net Income	$117,872	$-9,292	-13.7%

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
DARRIN CALLAHAN	DIRECTOR	1.00	Director	$0	$0	$0
DAN ODEN	DIRECTOR	1.00	Director	$0	$0	$0
CATHLEEN R PARSONS	TREASURER	1.00	Officer Director	$0	$0	$0
WILLIAM W BALLANCE JR	PRESIDENT	5.00	Officer Director	$0	$0	$0
ERNIE FOSTER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CAMERON WHITAKER	FIRE OFFICER	10.00	Officer	$0	$0	$0
JEREMY HICKS	FIRE CHIEF	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
2024	No data	No data	No data	No data
2023	$301,703	$183,831	$4,271,440	$117,872
2022	$161,017	$170,309	$4,153,576	$-9,292
2021	$312,800	$157,474	$4,268,869	$155,326
2020	$217,408	$251,800	$4,113,442	$-34,392
2019	$302,739	$136,909	$4,147,845	$165,830
2018	$299,873	$285,301	$3,981,984	$14,572

HATTERAS FIRE PROTECTIVE ASSN INC