BAKERS FIRE & RESCUE DEPT INC

EIN: 561240856 501(c)(3) Public Safety

MONROE, NC

Total Revenue
$2,109,182
Total Expenses
$1,704,036
Total Assets
$7,882,916
Net Assets
$5,152,184
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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
1956
Principal Officer
DON BOBBETT
Phone
7042892741
Tax Period
2023-07-01 to 2024-06-30

BAKERS FIRE & RESCUE DEPT INC, founded in 1956, is a community nonprofit in the Public Safety sector that reported $2.1M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $405K, a strong 19% operating margin.

Mission

VOLUNTEER FIRE & RESCUE

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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 $1,810
Program Service Revenue $2,081,801
Investment Income $10,571
Other Revenue $15,000
TOTAL REVENUE $2,109,182

Expense Breakdown

Grants Paid $0
Salaries & Benefits $928,032
Fundraising Expenses $0
Program Expenses $1,704,036
Other Expenses $776,004
TOTAL EXPENSES $1,704,036

Year-over-Year Comparison

2023 2022 Change
Revenue $2,109,182 $1,856,358 +0.1%
Expenses $1,704,036 $1,310,601 +0.3%
Net Income $405,146 $545,757 -0.3%
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
33
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
$2,893
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY E WILLIAMS TREASURER 3.00
Officer
$2,893 $0 $2,893
DON BOBBETT PRESIDENT 1.00
Officer
$0 $0 $0
MARC HERRING VICE PRESIDE 1.00
Officer
$0 $0 $0
JUDY LUTHER SECRETARY 1.00
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 $2,109,182 $1,704,036 $7,882,916 $405,146
2023 $1,856,358 $1,310,601 $7,381,721 $545,757
2022 $1,450,992 $1,201,754 $7,069,926 $249,238
2021 $1,175,348 $960,761 $6,283,277 $214,587
2020 $1,193,999 $874,106 $6,191,330 $319,893
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