MILLS RIVER FIRE & RESCUE INC (EIN 561120110) - 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

1968

Legal Domicile

Phone

8288917066

Tax Period

2024-07-01 to 2025-06-30

MILLS RIVER FIRE & RESCUE INC, founded in 1968, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 47% operating margin.

Mission

TO PROVIDE SUPERIOR FIRE PROTECTION AND EMT/FIRST RESPONDER SERVICES TO THE CITIZENS OF THE MILLS RIVER COMMUNITY IN HENDERSON 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $21,835

Program Service Revenue $2,843,784

Investment Income $126,466

Other Revenue $1,741,671

TOTAL REVENUE $4,733,756

Expense Breakdown

Grants Paid $0

Salaries & Benefits $926,097

Fundraising Expenses $2,263

Program Expenses $2,181,751

Other Expenses $1,572,085

TOTAL EXPENSES $2,498,182

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,733,756	$3,085,567	+0.5%
Expenses	$2,498,182	$2,023,078	+0.2%
Net Income	$2,235,574	$1,062,489	+1.1%

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
JOHN BENJAMIN	MEMBER	2.00	Director	$0	$0	$0
JASON DAVIS	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
BRIAN COX	MEMBER	2.00	Director	$0	$0	$0
TONY CORN	MEMBER	2.00	Director	$0	$0	$0
JOSH ISRAEL	MEMBER	2.00	Director	$0	$0	$0
GARY LIVINGSTON	MEMBER	2.00	Officer Director	$0	$0	$0
FRED EDWARDS	SEC/TREAS	2.00	Officer Director	$0	$0	$0
JERRY MOORE	Chairman	2.00	Officer 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	$4,733,756	$2,498,182	$16,843,702	$2,235,574
2024	$3,085,567	$2,023,078	$14,878,028	$1,062,489
2023	$8,621,883	$7,275,338	$20,458,785	$1,346,545
2022	$2,283,937	$4,281,267	$14,441,453	$-1,997,330
2021	$2,046,637	$1,934,928	$11,487,287	$111,709
2019	$1,812,688	$1,606,910	$7,742,491	$205,778
2018	$1,260,201	$1,128,393	$7,536,712	$131,808

MILLS RIVER FIRE & RESCUE INC