French Broad Volunteer Fire & Rescue Inc (EIN 561132679) - 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

1969

Legal Domicile

Principal Officer

Chris Shirlin

Phone

8286833651

Tax Period

2023-07-01 to 2024-06-30

French Broad Volunteer Fire & Rescue Inc, founded in 1969, is a community nonprofit in the Public Safety sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 8% surplus.

Mission

To provide fire, rescue and emergency medical services to the French Broad fire district of 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,173,172

Program Service Revenue $0

Investment Income $9,859

Other Revenue $7,422

TOTAL REVENUE $1,190,453

Expense Breakdown

Grants Paid $0

Salaries & Benefits $689,526

Fundraising Expenses $0

Program Expenses $1,041,004

Other Expenses $404,566

TOTAL EXPENSES $1,094,092

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,190,453	$968,852	+0.2%
Expenses	$1,094,092	$855,291	+0.3%
Net Income	$96,361	$113,561	-0.2%

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

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

$90,312

Total Directors

$23,689

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Matthew Shelton	Fire Chief	40.00	Officer	$79,377	$10,935	$90,312
Chris Shirlin	President	3.00	Officer Director	$0	$0	$0
Bobby Roberts	Vice President	2.00	Officer Director	$0	$0	$0
Kathy Treadway	Treasurer	4.00	Officer Director	$0	$0	$0
Roger Banks	Secretary	2.00	Officer Director	$0	$0	$0
Don Colbath	Board Member	2.00	Director	$0	$0	$0
Kristy Hollister	Board Member	2.00	Director	$0	$0	$0
Jarrett Myers	Board Member	2.00	Director	$23,689	$0	$23,689

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	$1,190,453	$1,094,092	$1,530,763	$96,361
2023	$968,852	$855,291	$1,467,162	$113,561
2022	$887,575	$722,201	$904,068	$165,374
2021	$752,411	$701,200	$778,095	$51,211
2020	$650,110	$626,281	$683,718	$23,829
2019	$577,724	$540,389	$684,826	$37,335
2018	$470,857	$454,513	$558,711	$16,344

French Broad Volunteer Fire & Rescue Inc