WEST MECKLENBURG VOLUNTEER FIRE DEPT INC

EIN: 561173182 501(c)(3) Public Safety

PAW CREEK, NC

Total Revenue
$1,767,533
Total Expenses
$1,409,934
Total Assets
$1,867,615
Net Assets
$1,004,598
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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
NC
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

VOLUNTEER FIRE RESCUE DEPARTMENT SERVING WEST MECKLENBURG COUNTY NC

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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 $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

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Governance

Voting Members
8
Independent Members
8
Employees
53
Volunteers
18

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
1
$15,600
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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