SWANNANOA VOLUNTEER FIRE DEPARTMENT & RESCUE SQUAD INC

EIN: 561184138 501(c)(3)

Swannanoa, NC

Total Revenue
$2,591,711
Total Expenses
$2,296,474
Total Assets
$5,067,326
Net Assets
$2,804,631
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1959
Legal Domicile
NC
Principal Officer
Anthony Penland
Phone
8286863335
Tax Period
2022-07-01 to 2023-06-30

SWANNANOA VOLUNTEER FIRE DEPARTMENT & RESCUE SQUAD INC, founded in 1959, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2022. Expenses of $2.3M left a modest 11% surplus.

Mission

Provide fire protection and emergency first responder services to some 3900 citizens and visitors of the Swannanoa Fire district located in Buncombe Countty

Program Service Accomplishments

Program 1
Expenses: $2,263,855 Revenue: $2,577,109

The department provided 24 hour coverage for 365 days, during which responded to 1,875 calls to citizens in need of emergency fire or medical protection

Program 2
Expenses: $0 Revenue: $0

N/A

Program 3
Expenses: $0 Revenue: $0

N/A

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,576,709
Investment Income $15,002
Other Revenue $0
TOTAL REVENUE $2,591,711

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,420,892
Fundraising Expenses $0
Program Expenses $2,263,855
Other Expenses $875,582
TOTAL EXPENSES $2,296,474

Year-over-Year Comparison

2022 2021 Change
Revenue $2,591,711 $2,406,685 +0.1%
Expenses $2,296,474 $2,032,533 +0.1%
Net Income $295,237 $374,152 -0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
34
Volunteers
9

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
$96,794
Total Directors
9
$10,170
Key Employees
1
$96,794
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Anthony Penland Fire Chief 40
Officer Key Emp Highest
$96,794 $0 $96,794
David Knighton Board Member 0
Director
$1,420 $0 $1,420
Charles M Norton Board Treasurer 0
Director
$1,380 $0 $1,380
Ron Hillabrand Board Chairman 0
Director
$1,360 $0 $1,360
Mark McMeans Board Member 0
Director
$1,340 $0 $1,340
Jeff Buice Board Member 0
Director
$1,320 $0 $1,320
Buddy Masters Board Member 0
Director
$1,130 $0 $1,130
Crystal Lee Board Secretary 0
Director
$1,110 $0 $1,110
John Davidson Board Member 0
Director
$1,110 $0 $1,110
Michael Cooke Board Vice Charman 0
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 No data No data No data No data
2024 No data No data No data No data
2023 $2,591,711 $2,296,474 $5,067,326 $295,237
2022 $2,406,685 $2,032,533 $4,954,493 $374,152
2021 $2,010,374 $1,850,719 $4,773,615 $159,655
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