MOUNT MITCHELL VOLUNTEER FIRE DEPARTMENT INC

EIN: 561207132

KANNAPOLIS, NC

Total Revenue
$448,693
Total Expenses
$331,549
Total Assets
$1,120,048
Net Assets
$986,498
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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
1967
Legal Domicile
NC
Principal Officer
BETTY WHITE
Phone
7049383912
Tax Period
2024-07-01 to 2025-06-30

MOUNT MITCHELL VOLUNTEER FIRE DEPARTMENT INC, founded in 1967, is a small nonprofit that reported $449K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $117K, a strong 26% operating margin.

Mission

PROVIDING FIRE PROTECTION AND EMERGENCY CARE SERVICES TO THE LOCAL GEOGRAPHIC AREA TO HELP INSURE THE SAFETY OF THECOMMUNITIES SO SERVED

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $77,738
Program Service Revenue $370,849
Investment Income $106
Other Revenue $0
TOTAL REVENUE $448,693

Expense Breakdown

Grants Paid $0
Salaries & Benefits $90,378
Fundraising Expenses $0
Program Expenses $320,786
Other Expenses $241,171
TOTAL EXPENSES $331,549

Year-over-Year Comparison

2024 2023 Change
Revenue $448,693 $332,414 +0.3%
Expenses $331,549 $334,946 0.0%
Net Income $117,144 $-2,532 -47.3%
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

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Governance

Voting Members
9
Independent Members
9
Employees
5
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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TODD HARRINGTON DIRECTOR 0.00
Director
$0 $0 $0
EDDIE BEARDEN JR DIRECTOR 0.00
Director
$0 $0 $0
KEVIN YOUNG DIRECTOR 0.00
Director
$0 $0 $0
RALPH BECK DIRECTOR 0.00
Director
$0 $0 $0
ROBERT WELCH DIRECTOR 0.00
Director
$0 $0 $0
RANDALL RITCHIE PRESIDENT 0.00
Officer Director
$0 $0 $0
LOGAN DERNOSHEK VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
VIRGINIA HARRIS SECRETARY 0.00
Officer Director
$0 $0 $0
BETTY WHITE TREASURER 0.00
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 $448,693 $331,549 $1,120,048 $117,144
2024 $332,414 $334,946 $1,022,457 $-2,532
2023 $276,439 $247,647 $1,045,764 $28,792
2022 $354,719 $256,934 $1,035,861 $97,785
2021 $278,468 $251,820 $965,247 $26,648
2020 $270,440 $224,765 $974,978 $45,675
2019 $271,138 $201,681 $773,844 $69,457
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