Barnardsville Volunteer Fire Department (EIN 561141358) - 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

1959

Legal Domicile

Principal Officer

DuWaine Maney

Phone

8286262397

Tax Period

2024-07-01 to 2025-06-30

Barnardsville Volunteer Fire Department, founded in 1959, is a community nonprofit in the Public Safety sector that reported $2.0M in total revenue in fiscal year 2024. Expenses of $1.8M left a modest 10% surplus.

Mission

Provide firefighting, ambulance and rescue services in the Barnardsville area of Buncombe County.

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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 $1,671,956

Program Service Revenue $122,120

Investment Income $26,037

Other Revenue $186,801

TOTAL REVENUE $2,006,914

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $1,264,230

Fundraising Expenses $0

Program Expenses $1,747,875

Other Expenses $524,480

TOTAL EXPENSES $1,798,710

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,006,914	$1,903,486	+0.1%
Expenses	$1,798,710	$1,625,031	+0.1%
Net Income	$208,204	$278,455	-0.3%

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

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

$102,222

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William K Mundy	Fire Chief	50.00	Officer	$86,824	$15,398	$102,222
Chuck Sprinkle	Chairman	3.00	Officer Director	$0	$0	$0
Bryon Silvers	Vice Chairman	0.50	Officer Director	$0	$0	$0
DuWaine Maney	Treasurer	5.00	Officer Director	$0	$0	$0
Barbara Sawyer	Secretary	0.50	Officer Director	$0	$0	$0
CD Merrill	Board Member	0.50	Director	$0	$0	$0
Scott Grifith	Board Member	0.50	Director	$0	$0	$0
James Ponder	Board Member	0.50	Director	$0	$0	$0
Mark Rice	Board Member	0.50	Director	$0	$0	$0
Philip Emory	Member	0.50	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	$2,006,914	$1,798,710	$2,820,819	$208,204
2024	$1,903,486	$1,625,031	$2,666,762	$278,455
2023	$1,609,405	$1,491,329	$2,466,195	$118,076
2022	$1,408,568	$1,138,105	$2,403,100	$270,463
2021	$1,145,055	$1,054,829	$2,014,077	$90,226
2020	$1,157,524	$1,002,192	$1,968,422	$155,332
2019	$1,101,060	$1,018,549	$1,886,509	$82,511
2018	$875,439	$898,277	$1,871,635	$-22,838

Barnardsville Volunteer Fire Department