GROVER RURAL VOLUNTEER FIRE DEPT IN (EIN 561240709) - 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

1976

Legal Domicile

Principal Officer

BRANDON ARROWOOD

Tax Period

2023-01-01 to 2023-12-31

GROVER RURAL VOLUNTEER FIRE DEPT IN, founded in 1976, is a small nonprofit that reported $556K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

ORGANIZATION PROVIDES VOLUNTEER FIREFIGHTING & RESCUE SERVICES FOR THE PRIMARY BENEFIT OF THE GENERAL PUBLIC, PARTICULARLY OLD YELLOW FIRE DISTRICT IN CLEVELAND COUNTY, NC. IT ALSO PROVIDES FIRE PREVENTION AND SAFETY AWARENESS PROGRAMS FOR THE GENERAL 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $520,733

Program Service Revenue $21,522

Investment Income $13,269

Other Revenue $435

TOTAL REVENUE $555,959

Expense Breakdown

Grants Paid $6,739

Salaries & Benefits $219,621

Fundraising Expenses $0

Program Expenses $590,544

Other Expenses $376,061

TOTAL EXPENSES $608,202

Year-over-Year Comparison

	2023	2022	Change
Revenue	$555,959	$508,711	+0.1%
Expenses	$608,202	$508,091	+0.2%
Net Income	$-52,243	$620	-85.3%

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

Governance

Voting Members

Independent Members

N/A

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

$111,164

Total Directors

$95,868

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIMMY HENSLEY	BOD SECTREASASST CHIEF	42.00	Officer Director	$45,659	$0	$45,659
BRIAN SHOEMAKE	CHIEF BOD DIRECTOR	40.00	Officer Director	$37,187	$0	$37,187
DANIEL ALBEA	BOD VICE-PRESIDENT	17.00	Officer Director	$12,734	$0	$12,734
TIMOTHY CARROLL	CAPTAIN	20.00	Officer	$9,432	$0	$9,432
MICHAEL CLARK	CAPTAIN	10.00	Officer	$4,388	$0	$4,388
KENNETH MCDONALD	LIEUTENANT	12.00	Officer	$780	$600	$1,380
BRANDON ARROWOOD	BOD PRESIDENT	10.00	Officer Director	$204	$84	$288
PATRICK SHANNON	CAPTAIN	5.00	Officer	$0	$96	$96
TANNER GALLMAN	DIRECTOR	2.00	Director	$0	$0	$0
ROSS CLARK	CAPTAIN	5.00	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
2024	No data	No data	No data	No data
2023	$555,959	$608,202	$851,603	$-52,243
2022	$508,711	$508,091	$1,036,224	$620
2021	$439,527	$381,749	$949,329	$57,778
2020	$480,876	$351,456	$1,011,688	$129,420
2019	$417,793	$409,081	$894,314	$8,712
2018	$421,775	$370,112	$938,030	$51,663

GROVER RURAL VOLUNTEER FIRE DEPT IN