VANCEBORO RURAL VOLUNTEER FIRE DEPARTMENT INC

EIN: 561235047 501(c)(3) Public Safety

VANCEBORO, NC

Total Revenue
$347,559
Total Expenses
$327,116
Total Assets
$1,862,223
Net Assets
$1,473,720
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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
NC
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.

Program Service Accomplishments

Program 1
Expenses: $327,116 Revenue: $347,559

Vanceboro Rural Volunteer Fire Department(VRVFD)has responded to 250+ alarms providing fire protection & emergency services. VRVFD maintains ISO Fire Rating of straight Class 5, demonstrating their...

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Vanceboro Rural Volunteer Fire Department(VRVFD)has responded to 250+ alarms providing fire protection & emergency services. VRVFD maintains ISO Fire Rating of straight Class 5, demonstrating their continued efforts to promote the safety and welfare of citizens. They have continued to seek grants, to invest in fire and safety equipment that support the community.

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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 (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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
52

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
3
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
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
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