Olympia Volunteer Fire Department

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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

1973

Legal Domicile

Principal Officer

James Holton

Phone

2526710510

Tax Period

2024-07-01 to 2025-06-30

Olympia Volunteer Fire Department, founded in 1973, is a small nonprofit in the Public Safety sector that reported $107K in total revenue in fiscal year 2024. Expenses of $152K exceeded revenue, resulting in a 42% operating deficit.

Mission

To provide first responder and fire protection services to the community of Olympia,NC as well as Pamlico County NC

Program Service Accomplishments

Program 1

Expenses: $146,962 Revenue: $106,899

To provide first responder and fire protection services to the community of Olympia,NC as well as Pamlico County 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 (2024)

Revenue Breakdown

Contributions & Grants $101,882

Program Service Revenue $0

Investment Income $2,628

Other Revenue $2,489

TOTAL REVENUE $106,999

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $146,962

Other Expenses $149,886

TOTAL EXPENSES $151,912

Year-over-Year Comparison

	2024	2023	Change
Revenue	$106,999	$103,822	+0.0%
Expenses	$151,912	$137,636	+0.1%
Net Income	$-44,913	$-33,814	+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

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
NORMAN FUHR	CHAIRMAN	N/A	Officer Director	$0	$0	$0
MATTHEW HACKER	DIRECTOR	N/A	Director	$0	$0	$0
LUKE HENTHORN	DIRECTOR	N/A	Director	$0	$0	$0
JAMES HOLTON III	TREASURER	N/A	Officer Director	$0	$0	$0
JONATHAN MILLS	CHEIF	N/A	Director	$0	$0	$0
THOMAS MILLS	ASST. CHEIF	N/A	Director	$0	$0	$0
COLE SPAIN	DIRECTOR	N/A		$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	$106,999	$151,912	$1,014,693	$-44,913
2024	$103,822	$137,636	$1,063,873	$-33,814
2023	$130,726	$108,756	$1,100,965	$21,970
2021	$95,559	$132,535	$1,099,143	$-36,976
2020	$530,866	$67,588	$1,062,428	$463,278
2019	$107,937	$62,769	$522,107	$45,168