CLIMAX VOLUNTEER FIRE DEPARTMENT INC (EIN 561264424) - 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

1971

Legal Domicile

Principal Officer

WAYNE ALLEY

Phone

3366740880

Tax Period

2023-07-01 to 2024-06-30

CLIMAX VOLUNTEER FIRE DEPARTMENT INC, founded in 1971, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $284K, a strong 16% operating margin.

Mission

PROVIDE FIRE PROTECTION AND RESCUE SERVICES FOR RESIDENTS OF THE CLIMAX, NORTH CAROLINA COMMUNITY AND SURROUNDING AREA.

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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 $7,644

Program Service Revenue $1,734,507

Investment Income $21,885

Other Revenue $61,145

TOTAL REVENUE $1,825,181

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,174,517

Fundraising Expenses $0

Program Expenses $1,397,201

Other Expenses $366,507

TOTAL EXPENSES $1,541,024

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,825,181	$1,358,075	+0.3%
Expenses	$1,541,024	$1,351,590	+0.1%
Net Income	$284,157	$6,485	+42.8%

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

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

$98,822

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WAYNE ALLEY	CHAIRMAN	2.00	Officer Director	$0	$0	$0
DAVE WINFREE	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
JIMMY PIKE	SECRETARY	2.00	Officer Director	$0	$0	$0
DARREN KALLAM	TREASURER	2.00	Officer Director	$0	$0	$0
STEVE BRADY	DIRECTOR	2.00	Director	$0	$0	$0
BYRON DAHL	DIRECTOR	2.00	Director	$0	$0	$0
RON ALSTON	DIRECTOR	2.00	Director	$0	$0	$0
TAB TURNER	DIRECTOR	2.00	Director	$0	$0	$0
DAVE VAN HOEVER	DIRECTOR	2.00	Director	$0	$0	$0
GARY MCGEE	FIRE CHIEF	40.00	Officer	$98,822	$0	$98,822

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	$1,825,181	$1,541,024	$1,792,975	$284,157
2023	$1,358,075	$1,351,590	$1,501,084	$6,485
2022	$1,100,044	$1,241,462	$1,402,315	$-141,418
2021	$1,094,214	$1,148,879	$1,619,918	$-54,665
2020	$1,239,117	$1,007,067	$1,667,675	$232,050
2019	$990,463	$958,324	$1,480,141	$32,139
2018	$932,254	$886,705	$1,436,398	$45,549

CLIMAX VOLUNTEER FIRE DEPARTMENT INC