MEADOW VOLUNTEER FIRE DEPT

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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

Principal Officer

RUSSELL REEVES

Phone

9195247852

Tax Period

2024-07-01 to 2025-06-30

MEADOW VOLUNTEER FIRE DEPT, founded in 1958, is a small nonprofit in the Public Safety sector that reported $590K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $204K, a strong 35% operating margin.

Mission

TO PROVIDE FIRE PROTECTION TO THE MEADOW COMMUNITY, AN PROVIDE MUTAUL AID TO JOHNSTON COUNTY AND THE STATE AS NEEDED

Program Service Accomplishments

Program 1

Expenses: $385,556

TO PROVIDE FIRE PROTECTION FOR THE FIRE DISTRIC, COUNTY, AND STATES AS NEEDED

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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 $533,109

Program Service Revenue $0

Investment Income $12,486

Other Revenue $44,376

TOTAL REVENUE $589,971

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,367

Fundraising Expenses $0

Program Expenses $385,556

Other Expenses $299,189

TOTAL EXPENSES $385,556

Year-over-Year Comparison

	2024	2023	Change
Revenue	$589,971	$508,568	+0.2%
Expenses	$385,556	$331,045	+0.2%
Net Income	$204,415	$177,523	+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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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

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
JEREMY NORRIS	CHAIRMAN	2.00	Officer Director	$0	$0	$0
RUSSELL BAREFOOT	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
JOHN L LEE	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
MARSHELL LEE	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
FRANKIE HOBSON	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
RUSSELL REEVES	TREASURER	5.00	Officer 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
2025	$589,971	$385,556	$2,057,314	$204,415
2024	$508,568	$331,045	$1,864,809	$177,523