TRAMWAY RURAL FIRE DEPARTMENT INC

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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

1953

Legal Domicile

Principal Officer

KENNETH GILSTRAP

Phone

9197767031

Tax Period

2024-07-01 to 2025-06-30

TRAMWAY RURAL FIRE DEPARTMENT INC, founded in 1953, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 70% from the prior year, signaling strong growth momentum. The organization ran a surplus of $483K, a strong 42% operating margin.

Mission

TRAMWAY RURAL FIRE DEPARTMENT, INC. PROVIDES FIRE FIGHTING AND FIRE PROTECTION SERVICES TO THE TRAMWAY TOWNSHIP AND SURROUNDING AREAS OF LEE COUNTY, NORTH CAROLINA.

Program Service Accomplishments

Program 1

Expenses: $579,567 Revenue: $1,142,658

PROVIDING FIRE FIGHTING AND FIRE PROTECTION SERVICES AND FIRST RESPONDER SERVICES TO THE TRAMWAY TOWNSHIP AND SURROUNDING AREAS OF LEE COUNTY, NORTH CAROLINA

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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 $50

Program Service Revenue $694,292

Investment Income $44,955

Other Revenue $403,361

TOTAL REVENUE $1,142,658

Expense Breakdown

Grants Paid $0

Salaries & Benefits $201,787

Fundraising Expenses $0

Program Expenses $579,567

Other Expenses $457,963

TOTAL EXPENSES $659,750

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,142,658	$672,451	+0.7%
Expenses	$659,750	$527,209	+0.3%
Net Income	$482,908	$145,242	+2.3%

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

N/A

Employees

Volunteers

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH GILSTRAP	President	10.00	Officer Director	$0	$0	$0
CHASE SCHLITZ	Vice President	5.00	Officer Director	$0	$0	$0
CURTIS EVANS	Treasurer	5.00	Officer Director	$0	$0	$0
GREG SPIVEY	Secretary	5.00	Officer Director	$0	$0	$0
DENNIS MATHEWS	Director	5.00	Officer Director	$0	$0	$0
ALLEN MASHBURN	Director	5.00	Officer Director	$0	$0	$0
JOSH DUNIGAN	Director	5.00	Officer Director	$0	$0	$0
DEREK DYSON	ASSISTANT CHIEF	5.00	Director	$0	$0	$0
ERICK DEAL	SAFETY OFFICER	5.00	Director	$0	$0	$0
SAM COLLINS	CAPTAIN	5.00	Director	$0	$0	$0
CHAD DEAL	FIRE CHIEF	5.00	Director	$0	$0	$0
ASHLEY ICEMAN	LIEUTENANT	5.00	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	$1,142,658	$659,750	$2,771,710	$482,908
2024	$672,451	$527,209	$2,344,360	$145,242
2023	$612,588	$438,073	$1,431,027	$174,515
2022	$737,398	$445,115	$1,399,386	$292,283
2021	$731,917	$423,728	$1,164,806	$308,189