SEVERN VOLUNTEER FIRE DEPARTMENT INC

EIN: 561147585 501(c)(3) Public Safety

SEVERN, NC

Total Revenue
$73,300
Total Expenses
$93,171
Total Assets
$439,420
Net Assets
$439,420
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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
1963
Principal Officer
RONNIE WOODARD
Phone
2525361992
Tax Period
2024-01-01 to 2024-12-31

SEVERN VOLUNTEER FIRE DEPARTMENT INC, founded in 1963, is a micro nonprofit in the Public Safety sector that reported $73K in total revenue in fiscal year 2024. Expenses of $93K exceeded revenue, resulting in a 27% operating deficit.

Mission

VOLUNTEER FIREMEN THAT PROVIDE PROTECTION FOR THE TOWN OF SEVERN AND THE SURROUNDING AREAS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $62,437
Program Service Revenue $10,756
Investment Income $107
Other Revenue $0
TOTAL REVENUE $73,300

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $7,465
Program Expenses $81,344
Other Expenses $93,171
TOTAL EXPENSES $93,171

Year-over-Year Comparison

2024 2023 Change
Revenue $73,300 N/A N/A
Expenses $93,171 N/A N/A
Net Income $-19,871 N/A N/A
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
4
Independent Members
4
Employees
N/A
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STUART FERGUSON SECRETARY N/A
Officer
$0 $0 $0
ALAN TAYLOR CHIEF N/A
Officer
$0 $0 $0
DENNIS WOODARD ADMIN CHIEF N/A
Officer
$0 $0 $0
RONNIE WOODARD TREASURER 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
2024 $73,300 $93,171 $439,420 $-19,871
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