LOWER CURRITUCK VOLUNTEER FIRE DEPARTMENT INC (EIN 560901646) - 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

CHRISTOPHER AYERS

Phone

2524532761

Tax Period

2024-07-01 to 2025-06-30

LOWER CURRITUCK VOLUNTEER FIRE DEPARTMENT INC, founded in 1960, is a small nonprofit in the Public Safety sector that reported $452K in total revenue in fiscal year 2024.

Mission

THE ORGANIZATION IS A VOLUNTEER FIRE DEPARTMENT PROVIDING FIRE AND RESCUE SERVICES TO THE COUNTY OF CURRITUCK, 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $452,426

Program Service Revenue $0

Investment Income $14

Other Revenue $23

TOTAL REVENUE $452,463

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,453

Fundraising Expenses $500

Program Expenses $277,713

Other Expenses $400,872

TOTAL EXPENSES $491,325

Year-over-Year Comparison

	2024	2023	Change
Revenue	$452,463	$453,226	0.0%
Expenses	$491,325	$460,518	+0.1%
Net Income	$-38,862	$-7,292	+4.3%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER AYERS	PRESIDENT	N/A	Officer	$0	$0	$0
SHANNON BUNN	TREASURER	N/A	Officer	$0	$0	$0
BETTY FAIRCHILD	SECRETARY	N/A	Officer	$0	$0	$0
EUGENE MCLAWHORN	MEMBER	N/A	Officer	$0	$0	$0
MICHELE THOMAS	VICE-PRESIDE	N/A	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
2025	$452,463	$491,325	$678,165	$-38,862
2024	$453,226	$460,518	$706,112	$-7,292
2023	$427,313	$425,412	$733,840	$1,901
2022	$534,842	$561,730	$745,023	$-26,888
2022	$534,842	$561,551	$745,204	$-26,709
2021	$374,022	$405,710	$778,339	$-31,688
2020	$455,832	$324,869	$810,418	$130,963
2019	$337,928	$324,433	$691,108	$13,495

LOWER CURRITUCK VOLUNTEER FIRE DEPARTMENT INC