SHALLOTTE POINT VOLUNTEER FIRE DEPARTMENT INC (EIN 561246525) - 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

1979

Legal Domicile

Principal Officer

MIKE POTTS

Phone

9107546505

Tax Period

2023-07-01 to 2024-06-30

SHALLOTTE POINT VOLUNTEER FIRE DEPARTMENT INC, founded in 1979, is a small nonprofit in the Public Safety sector that reported $728K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

VOLUNTEER FIRE DEPARTMENT

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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 $723,028

Program Service Revenue $0

Investment Income $1,511

Other Revenue $3,349

TOTAL REVENUE $727,888

Expense Breakdown

Grants Paid $0

Salaries & Benefits $550,935

Fundraising Expenses $0

Program Expenses $667,655

Other Expenses $220,301

TOTAL EXPENSES $771,236

Year-over-Year Comparison

	2023	2022	Change
Revenue	$727,888	$818,742	-0.1%
Expenses	$771,236	$618,298	+0.2%
Net Income	$-43,348	$200,444	-1.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH ADAMS	BOARD MEMBER	N/A	Director	$0	$0	$0
JACK RYAN	BOARD MEMBER	N/A	Director	$0	$0	$0
JIMMY STANLEY	BOARD MEMBER	N/A	Director	$0	$0	$0
ROBERT YOHO	BOARD MEMBER	N/A	Director	$0	$0	$0
ERIC KNIGHT	VICE-CHAIRMA	N/A	Officer	$0	$0	$0
JOE PIGOTT	SECRETARY/TR	N/A	Officer	$0	$0	$0
MIKE POTTS	CHAIRMAN	N/A	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	$727,888	$771,236	$1,252,497	$-43,348
2023	$818,742	$618,298	$1,245,915	$200,444
2022	$639,060	$557,676	$981,878	$81,384
2021	$705,419	$583,418	$738,467	$122,001
2020	$618,426	$572,188	$575,265	$46,238
2019	$583,343	$562,378	$529,072	$20,965
2018	$453,231	$486,388	$508,062	$-33,157

SHALLOTTE POINT VOLUNTEER FIRE DEPARTMENT INC