COLFAX VOLUNTEER FIRE DEPARTMENT INC (EIN 561192749) - Form 990 Financial Analysis & Trantor Score

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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

1958

Legal Domicile

Principal Officer

ROGER FRAZIER

Phone

3369934931

Tax Period

2022-07-01 to 2023-06-30

COLFAX VOLUNTEER FIRE DEPARTMENT INC, founded in 1958, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2022.

Mission

PROVIDE FIRE PROTECTION AND PREVENTION SERVICE FOR THE COMMUNITY OF COLFAX, NC BASED ON A CONTRACT WITH GUILFORD 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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,130,120

Investment Income $1,115

Other Revenue $519

TOTAL REVENUE $1,131,754

Expense Breakdown

Grants Paid $0

Salaries & Benefits $842,883

Fundraising Expenses $0

Program Expenses $1,038,947

Other Expenses $297,691

TOTAL EXPENSES $1,140,574

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,131,754	$1,154,069	0.0%
Expenses	$1,140,574	$1,136,682	+0.0%
Net Income	$-8,820	$17,387	-1.5%

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

$47,680

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROGER FRAZIER	BOARD CHAIRMAN	2.00	Officer Director	$0	$0	$0
SHANNON SPIVEY	BOARD VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
BILL RICE	BOARD TREASURER	2.00	Officer Director	$0	$0	$0
BRAD HENDRIX	BOARD SECRETARY	2.00	Officer Director	$0	$0	$0
BOB POWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE GRAY	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT ROBINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
BOBBY MORRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
HERB SAMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DENNIS ROBINSON	FIRE CHIEF	20.00	Officer	$47,680	$0	$47,680

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
2023	$1,131,754	$1,140,574	No data	$-8,820
2022	$1,130,751	$1,136,682	$1,830,502	$-5,931
2021	$1,358,471	$1,197,921	$1,876,372	$160,550
2020	$1,170,001	$1,146,299	$1,751,320	$23,702
2019	$1,058,823	$1,017,702	$1,756,510	$41,121

COLFAX VOLUNTEER FIRE DEPARTMENT INC