WEST MECKLENBURG VOLUNTEER FIRE DE… - Form 990 Financial Data

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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

1947

Legal Domicile

Principal Officer

LARRY SIGLAR

Tax Period

2024-01-01 to 2024-12-31

WEST MECKLENBURG VOLUNTEER FIRE DEPT INC, founded in 1947, is a community nonprofit in the Public Safety sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $358K, a strong 20% operating margin.

Mission

WEST MECK VFD SUCCESSFYLLY SERVED THE CITIZENS OF MECKELNBURG COUNTY PROVIDING RURAL FIRE SUPPORT, EMERGENCY RESPONSE AND VEHCLE ACCIDENT RESPONSE

Program Service Accomplishments

Program 1

Expenses: $957,552 Revenue: $1,767,119

SERVE WEST MECKLENBURG COUNTY, NC PROVIDING EMERGENCY FIRE AND RESCUE RESPONSE

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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 $1,767,119

Program Service Revenue $0

Investment Income $414

Other Revenue $0

TOTAL REVENUE $1,767,533

Expense Breakdown

Grants Paid $0

Salaries & Benefits $921,568

Fundraising Expenses $0

Program Expenses $957,552

Other Expenses $488,366

TOTAL EXPENSES $1,409,934

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,767,533	$1,334,414	+0.3%
Expenses	$1,409,934	$1,261,093	+0.1%
Net Income	$357,599	$73,321	+3.9%

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

$15,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY SIGLAR	TREASURER	20.00	Officer	$15,600	$0	$15,600

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	$1,767,533	$1,409,934	$1,867,615	$357,599
2023	$1,334,414	$1,261,093	$1,561,372	$73,321
2022	$1,097,440	$1,213,508	$1,524,798	$-116,068
2021	$919,822	$1,070,169	$1,690,384	$-150,347
2018	$1,139,805	$928,813	$2,078,329	$210,992

WEST MECKLENBURG VOLUNTEER FIRE DEPT INC