Harkers Island Fire and Rescue Dept Inc (EIN 561229401) - 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

1970

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

Harkers Island Fire and Rescue Dept Inc, founded in 1970, is a small nonprofit in the Public Safety sector that reported $765K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $697K left a modest 9% surplus.

Mission

To provide fire fighting and medical emergency services to the community of Harkers Island, 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 $0

Program Service Revenue $106,696

Investment Income $177

Other Revenue $658,143

TOTAL REVENUE $765,016

Expense Breakdown

Grants Paid $0

Salaries & Benefits $393,923

Fundraising Expenses $0

Program Expenses $661,333

Other Expenses $302,777

TOTAL EXPENSES $696,700

Year-over-Year Comparison

	2023	2022	Change
Revenue	$765,016	$603,946	+0.3%
Expenses	$696,700	$653,997	+0.1%
Net Income	$68,316	$-50,051	-2.4%

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
Dusten Nelson	Director	1.00	Director	$0	$0	$0
Grady Fulcher III	Director	10.00	Director	$0	$0	$0
Kevin Willis	Director	1.00	Director	$0	$0	$0
Josh Boudreau	Director	1.00	Director	$0	$0	$0
Chad Mann	ChiefDirector	20.00	Director	$0	$0	$0
Merle Hunt	Director	20.00	Director	$0	$0	$0
Chuck Skinner	Director	2.00	Director	$0	$0	$0
Dan Sparks	DirectorEMS staff	20.00	Director	$0	$0	$0
Jesse Chaplain	Asst ChiefDirector	10.00	Director	$0	$0	$0
Roger Blevins	Chairman	10.00	Officer	$0	$0	$0
Mike Lewis	Vice Chairman	20.00	Officer	$0	$0	$0
Joan ONeal	SecretaryTreasurer	10.00	Officer	$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
2024	$765,016	$696,700	$625,216	$68,316
2023	$603,946	$653,997	$591,105	$-50,051
2022	$647,831	$562,052	$674,049	$85,779
2021	$573,696	$545,025	$617,315	$28,671
2020	$597,404	$540,368	$619,398	$57,036
2019	$573,032	$603,659	$591,216	$-30,627

Harkers Island Fire and Rescue Dept Inc