SPRING HOPE FIRE DEPARTMENT

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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

1908

Legal Domicile

Principal Officer

LANCE BASS

Phone

2524592313

Tax Period

2024-07-01 to 2025-06-30

SPRING HOPE FIRE DEPARTMENT, founded in 1908, is a small nonprofit that reported $480K in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $198K, a strong 41% operating margin.

Mission

TO PROVIDE FIRE PROTECTION AND PREVENTION TO THE RESIDENTS OF SPRING HOPE, NC AND THE SURROUNDING COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $272,934

FIRE DEPARTMENT PROVIDING FIRE PROTECTION AND PREVENTION TO THE RESIDENTS OF SPRING HOPE, NC AND SURROUNDING COMMUNITIES.

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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 $452,169

Program Service Revenue $0

Investment Income $31

Other Revenue $28,268

TOTAL REVENUE $480,468

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,734

Fundraising Expenses $1,000

Program Expenses $272,934

Other Expenses $199,123

TOTAL EXPENSES $282,857

Year-over-Year Comparison

	2024	2023	Change
Revenue	$480,468	$361,686	+0.3%
Expenses	$282,857	$312,766	-0.1%
Net Income	$197,611	$48,920	+3.0%

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

Total Directors

$25,409

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LANCE BASS	PRESIDENT	5.00	Officer Director	$0	$0	$0
JASON WHITFORD	VICE PRES/BO	20.00	Officer Director	$0	$0	$0
JAMIE DUNN	SECRETARY/BO	5.00	Officer Director	$0	$0	$0
BROOKS GRIFFIN	TREASURER	5.00	Officer Director	$0	$0	$0
LEWIS STRICKLAND	BOARD MEMBER	5.00	Director	$0	$0	$0
BARRY WILSON	BOARD MEMBER	5.00	Director	$0	$0	$0
WILLIAM TONEY	BOARD MEMBER	5.00	Director	$0	$0	$0
DEAN AYERS	BOARD MEMBER	5.00	Director	$0	$0	$0
TRAVIS GREEN	BOARD MEMBER	5.00	Director	$0	$0	$0
JAMIE LYNN	BOARD MEMBER	5.00	Director	$12,722	$0	$12,722
JAMIE DYKY	BOARD MEMBER	5.00	Director	$12,687	$0	$12,687

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	$480,468	$282,857	$933,250	$197,611
2024	$361,686	$312,766	$882,813	$48,920
2023	$388,324	$329,969	$910,275	$58,355
2022	$316,411	$285,348	$981,431	$31,063
2021	$318,241	$281,741	$1,039,106	$36,500
2020	$317,994	$250,929	$1,088,431	$67,065
2019	$358,301	$276,811	$1,102,787	$81,490
2018	$252,212	$206,706	$1,069,642	$45,506