VANCEBORO RURAL VOLUNTEER FIRE DEPARTMENT INC (EIN 561235047) - 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

1959

Legal Domicile

Principal Officer

RANDY S GLADSON

Phone

2522441123

Tax Period

2023-07-01 to 2024-06-30

VANCEBORO RURAL VOLUNTEER FIRE DEPARTMENT INC, founded in 1959, is a small nonprofit in the Public Safety sector that reported $348K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $327K left a modest 6% surplus.

Mission

PROMOTES THE SAFETY AND WELFARE OF ALL CITIZENS OF TOWNSHIP ONE IN CRAVEN COUNTY, BY PROVIDING FIRE PROTECTION AND EMERGENCY SERVICES.

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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 $317,071

Program Service Revenue $0

Investment Income $290

Other Revenue $30,198

TOTAL REVENUE $347,559

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,222

Fundraising Expenses $0

Program Expenses $327,116

Other Expenses $324,894

TOTAL EXPENSES $327,116

Year-over-Year Comparison

	2023	2022	Change
Revenue	$347,559	$298,883	+0.2%
Expenses	$327,116	$2,063,067	-0.8%
Net Income	$20,443	$-1,764,184	-1.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Perry Morris	Director	N/A	Director	$0	$0	$0
Chad Braxton	Director	N/A	Director	$0	$0	$0
Sammy Lilly	Director	N/A	Director	$0	$0	$0
Terry Morris	Director (Chair)	N/A	Director	$0	$0	$0
Johnny Pate	Director	N/A	Director	$0	$0	$0
Todd McMillan	Director	N/A	Director	$0	$0	$0
Russell Ipock	Director	N/A	Director	$0	$0	$0
Shade Bland	Director	N/A	Director	$0	$0	$0
Anthony Arrington	President	2.00	Officer Director	$0	$0	$0
Dallas Joyner	Secretary	2.00	Officer Director	$0	$0	$0
Scott Gladson	Treasurer	2.00	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
2024	$347,559	$327,116	$1,862,223	$20,443
2023	$298,883	$2,063,067	$3,491,240	$-1,764,184
2022	$424,504	$199,501	$3,678,610	$225,003
2021	$296,544	$184,507	$3,641,694	$112,037

VANCEBORO RURAL VOLUNTEER FIRE DEPARTMENT INC