SKYLAND FIRE AND RESCUE CORPORATION

EIN: 560840361 501(c)(3) Public Safety

Skyland, NC

Total Revenue
$10,407,251
Total Expenses
$8,576,657
Total Assets
$18,380,990
Net Assets
$11,436,394
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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
1953
Legal Domicile
NC
Principal Officer
Trevor Lance
Phone
8286846421
Tax Period
2023-07-01 to 2024-06-30

SKYLAND FIRE AND RESCUE CORPORATION, founded in 1953, is a mid-sized nonprofit in the Public Safety sector that reported $10.4M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.8M, a strong 18% operating margin.

Mission

Fire protection and first responder emergency medical services for the citizens living in, or visiting the Skyland fire districts located in Buncombe County, North Carolina

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $98,958
Program Service Revenue $9,619,791
Investment Income $437,503
Other Revenue $250,999
TOTAL REVENUE $10,407,251

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,685,082
Fundraising Expenses $0
Program Expenses $8,310,848
Other Expenses $1,891,575
TOTAL EXPENSES $8,576,657

Year-over-Year Comparison

2023 2022 Change
Revenue $10,407,251 $9,404,805 +0.1%
Expenses $8,576,657 $8,121,621 +0.1%
Net Income $1,830,594 $1,283,184 +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

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Governance

Voting Members
9
Independent Members
9
Employees
83
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
0
$0
Total Directors
9
$0
Key Employees
1
$160,695
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Trevor Lance Fire Chief 40
Key Emp Highest
$160,695 $0 $160,695
Kermit Tolley President, Board of Directors 0
Director
$0 $0 $0
Chris Morgan Vice President, Board of Directors 0
Director
$0 $0 $0
Sandy Worley Treasurer, Board of Directors 0
Director
$0 $0 $0
Tim Hinman Secretary, Board of Directors 0
Director
$0 $0 $0
Jeff Tracz Board Member 0
Director
$0 $0 $0
Adam Hart Board Member 0
Director
$0 $0 $0
John Humphery Board Member 0
Director
$0 $0 $0
Riley Bennet Board Member 0
Director
$0 $0 $0
Rick Wood Board Member 0
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 No data No data No data No data
2024 $10,407,251 $8,576,657 $18,380,990 $1,830,594
2023 $9,404,805 $8,121,621 $17,207,029 $1,283,184
2022 $10,092,495 $6,912,879 $15,076,970 $3,179,616
2021 $8,519,231 $6,769,683 $12,851,307 $1,749,548
2018 $6,616,436 $5,729,034 $9,488,426 $887,402
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