WAKE-NEW HOPE VOLUNTEER FIRE DEPARTMENT (EIN 561203891) - 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

1956

Legal Domicile

Principal Officer

JIM MASSEY

Phone

9192665882

Tax Period

2024-07-01 to 2025-06-30

WAKE-NEW HOPE VOLUNTEER FIRE DEPARTMENT, founded in 1956, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $2.9M left a modest 7% surplus.

Mission

THE PURPOSE OF THE WAKE NEW HOPE FIRE DEPARTMENT IS TO PROVIDE A RANGE OF SERVICES DESIGNED TO PROTECT THE LIVES AND PROPERTY OF THE INHABITANTS OF THE WAKE NEW HOPE FIRE DISTRICT FROM THE ADVERSE EFFECTS OF UNFRIENDLY FIRE, SUDDEN MEDICAL EMERGENCIES, OR EXPOSURE TO DANGEROUS CONDITIONS CREATED BY MAN OR NATURE.

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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 $0

Program Service Revenue $3,051,487

Investment Income $5,889

Other Revenue $0

TOTAL REVENUE $3,057,376

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,466,011

Fundraising Expenses $0

Program Expenses $2,617,766

Other Expenses $384,745

TOTAL EXPENSES $2,850,756

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,057,376	$2,449,753	+0.2%
Expenses	$2,850,756	$2,566,320	+0.1%
Net Income	$206,620	$-116,567	-2.8%

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

$141,082

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM MASSEY	PRESIDENT	10.00	Officer Director	$0	$0	$0
ROBERT JONES	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
IVAN HUNT	TREASURER	5.00	Officer Director	$0	$0	$0
JOSHUA RADFORD	SECRETARY	5.00	Officer Director	$0	$0	$0
BOBBY TYREE	MEMBER AT LARGE	5.00	Director	$0	$0	$0
RONNY MIZELL	CHIEF	40.00	Officer	$105,108	$35,974	$141,082

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	$3,057,376	$2,850,756	$2,252,996	$206,620
2024	$2,449,753	$2,566,320	$2,006,843	$-116,567
2023	$3,422,077	$2,277,236	$2,116,213	$1,144,841
2022	$2,014,852	$2,045,568	$967,840	$-30,716
2021	$1,903,057	$1,906,294	$1,019,556	$-3,237
2020	$1,802,859	$1,960,963	$1,752,088	$-158,104
2019	$1,709,833	$1,843,572	$1,759,751	$-133,739

WAKE-NEW HOPE VOLUNTEER FIRE DEPARTMENT