FRANKLIN COMMUNITY VOLUNTEER FIRE DEPT INC

EIN: 561253690 501(c)(3) Public Safety

MOUNT AIRY, NC

Total Revenue
$511,395
Total Expenses
$429,527
Total Assets
$4,723,068
Net Assets
$3,080,863
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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
SHEREE BARNARD
Phone
3367862213
Tax Period
2023-01-01 to 2023-12-31

FRANKLIN COMMUNITY VOLUNTEER FIRE DEPT INC, founded in 1959, is a small nonprofit in the Public Safety sector that reported $511K in total revenue in fiscal year 2023. The organization ran a surplus of $82K, a strong 16% operating margin.

Mission

VOLUNTEER FIRE DEPT - TO PROTECT OUR COMMUNITY

Program Service Accomplishments

Program 1
Expenses: $388,858 Revenue: $509,938

PROVIDING VOLUNTEER FIRE FIGHTING SERVICES, MEDICAL FIRST RESPONSE, AND FIRE PREVENTIVE SERVICES TO THE RESIDENTS OF THE FRANKLIN FIRE DISTRICT (AS DETERMINED BY THE COUNTY OF SURRY, 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $511,372
Program Service Revenue $0
Investment Income $0
Other Revenue $23
TOTAL REVENUE $511,395

Expense Breakdown

Grants Paid $0
Salaries & Benefits $111,812
Fundraising Expenses $0
Program Expenses $388,858
Other Expenses $317,715
TOTAL EXPENSES $429,527

Year-over-Year Comparison

2023 2022 Change
Revenue $511,395 $501,789 +0.0%
Expenses $429,527 $417,329 +0.0%
Net Income $81,868 $84,460 0.0%
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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Governance

Voting Members
10
Independent Members
10
Employees
10
Volunteers
54

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
$17,950
Total Directors
10
$17,950
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOUG COBLE PRESIDENT 1.00
Officer Director
$0 $0 $0
BRIAN BOWMEN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
MARK SOOTS BOARD MEMBER 1.00
Director
$0 $0 $0
SHEREE BARNARD TREASURER 20.00
Officer Director
$4,200 $0 $4,200
JOHNNY HIATT FIRE CHIEF 20.00
Officer Director
$13,750 $0 $13,750
PAUL KNIGHTLY BOARD MEMBER 1.00
Director
$0 $0 $0
ANTHONY SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
PATRICK OWEN BOARD MEMBER 1.00
Director
$0 $0 $0
DANNY ROGERS BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS MCHONE BOARD MEMBER 1.00
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
2024 No data No data No data No data
2023 $511,395 $429,527 $4,723,068 $81,868
2022 $501,789 $417,329 $4,742,698 $84,460
2021 $467,748 $315,449 $4,061,920 $152,299
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