Number Three Volunteer Fire Dept Inc

EIN: 561185764 501(c)(3) Public Safety

Grover, NC

Total Revenue
$673,244
Total Expenses
$612,978
Total Assets
$3,436,352
Net Assets
$2,331,232
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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
2004
Legal Domicile
NC
Principal Officer
Paul Davis
Phone
7044346865
Tax Period
2024-07-01 to 2025-06-30

Number Three Volunteer Fire Dept Inc, founded in 2004, is a small nonprofit in the Public Safety sector that reported $673K in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $613K left a modest 9% surplus.

Mission

To provide fire protection.

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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 $0
Program Service Revenue $0
Investment Income $0
Other Revenue $673,244
TOTAL REVENUE $673,244

Expense Breakdown

Grants Paid $0
Salaries & Benefits $161,236
Fundraising Expenses $0
Program Expenses $562,507
Other Expenses $451,742
TOTAL EXPENSES $612,978

Year-over-Year Comparison

2024 2023 Change
Revenue $673,244 $1,081,827 -0.4%
Expenses $612,978 $598,670 +0.0%
Net Income $60,266 $483,157 -0.9%
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
11
Independent Members
11
Employees
25
Volunteers
12

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
5
$16,478
Total Directors
11
$16,478
Key Employees
1
$16,478
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ray Sturgill Chairman 5.00
Officer Director
$0 $0 $0
Jimmy Gibson Secretary 5.00
Officer Director
$0 $0 $0
Paul Davis Treasurer 5.00
Officer Director
$0 $0 $0
Greg Harris Chief 15.00
Officer Director Key Emp
$16,478 $0 $16,478
Sonny Austin Member 1.00
Director
$0 $0 $0
Jerry Austin Member 1.00
Director
$0 $0 $0
Mike Hamrick Member 1.00
Director
$0 $0 $0
David Bridges Member 1.00
Officer Director
$0 $0 $0
Gene McCurry Member 1.00
Director
$0 $0 $0
Neil Stroup Member 1.00
Director
$0 $0 $0
Richard Shook Member 1.00
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 $673,244 $612,978 $3,436,352 $60,266
2024 $1,081,827 $598,670 $3,280,924 $483,157
2023 $613,089 $404,608 $2,959,395 $208,481
2022 $627,798 $398,009 $2,925,381 $229,789
2021 $489,700 $387,751 $2,061,404 $101,949
2020 $490,889 $430,242 $2,064,722 $60,647
2019 $490,602 $394,200 $2,124,200 $96,402
2018 $440,649 $318,234 $2,163,713 $122,415
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