Edneyville Volunteer Fire and Rescue Department (EIN 561195297) - 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

1961

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

Edneyville Volunteer Fire and Rescue Department, founded in 1961, is a community nonprofit in the Public Safety sector that reported $1.6M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $1.3M left a modest 15% surplus.

Mission

Preservation of life and property from loss, injury, or other damage from fires, accident, weather, disasters, whether natural or man-made, acts of God, and other peril of danger to the community of Edneyville and surrounding areas of Henderson 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 (2023)

Revenue Breakdown

Contributions & Grants $5,439

Program Service Revenue $1,549,248

Investment Income $24,982

Other Revenue $5,498

TOTAL REVENUE $1,585,167

Expense Breakdown

Grants Paid $0

Salaries & Benefits $947,009

Fundraising Expenses $0

Program Expenses $1,347,452

Other Expenses $282,000

TOTAL EXPENSES $1,347,452

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,585,167	$1,779,654	-0.1%
Expenses	$1,347,452	$1,232,051	+0.1%
Net Income	$237,715	$547,603	-0.6%

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

$135,000

Total Directors

$135,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Griffin	DirectorChief	40.00	Officer Director	$82,000	$0	$82,000
Sharon Waldrup	SecretaryTreasurer	34.00	Officer Director	$53,000	$0	$53,000
James Miller	Director	1.00	Director	$0	$0	$0
Bob Hicks	Director	1.00	Director	$0	$0	$0
Trevor Lance	Director	1.00	Director	$0	$0	$0
Johnny Ward	Director	1.00	Director	$0	$0	$0
Fred Klumpp	Director	1.00	Director	$0	$0	$0
Danny Sherrill	Director	1.00	Director	$0	$0	$0
Kevin Waldrup	Director	1.00	Director	$0	$0	$0
Mark Hendricks	Director	1.00	Director	$0	$0	$0
Bryan Melton	President	1.00	Officer Director	$0	$0	$0
Bobby Garrett	Vice President	1.00	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
2024	$1,585,167	$1,347,452	$3,279,172	$237,715
2023	$1,779,654	$1,232,051	$3,152,511	$547,603
2022	$1,166,575	$1,051,277	$2,417,782	$115,298
2021	$1,173,191	$984,793	$2,457,147	$188,398
2020	$1,099,713	$873,109	$2,442,547	$226,604
2019	$872,544	$834,174	$2,315,984	$38,370

Edneyville Volunteer Fire and Rescue Department