REDWOOD VOLUNTEER FIRE DEPARTMENT INC

EIN: 561269230

DURHAM, NC

Total Revenue
$1,527,169
Total Expenses
$1,419,751
Total Assets
$3,082,328
Net Assets
$2,984,113
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
NC
Principal Officer
RICHARD BRYANT
Phone
9196888422
Tax Period
2024-07-01 to 2025-06-30

REDWOOD VOLUNTEER FIRE DEPARTMENT INC, founded in 1981, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $1.4M left a modest 7% surplus.

Mission

TO PROVIDE PROTECTION FROM INJURY, LOSS, DAMAGE OR DESTRUCTION FROM FIRE AND TO PROVIDE EMERGENCY MEDICAL SERVICES.

Program Service Accomplishments

Program 1
Expenses: $1,310,244 Revenue: $1,481,066

REDWOOD PROVIDES FIRE, RESCUE AND EMERGENCY MEDICAL SERVICES TO DURHAM COUNTY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $46,030
Program Service Revenue $1,455,607
Investment Income $73
Other Revenue $25,459
TOTAL REVENUE $1,527,169

Expense Breakdown

Grants Paid $0
Salaries & Benefits $933,580
Fundraising Expenses $0
Program Expenses $1,310,244
Other Expenses $486,171
TOTAL EXPENSES $1,419,751

Year-over-Year Comparison

2024 2023 Change
Revenue $1,527,169 $1,708,390 -0.1%
Expenses $1,419,751 $1,331,232 +0.1%
Net Income $107,418 $377,158 -0.7%
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
9
Independent Members
6
Employees
53
Volunteers
6

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
$43,950
Total Directors
5
$65,995
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN E RIGGSBEE DIRECTOR 1.00
Director
$0 $0 $0
DAVID PENNELL DIRECTOR 1.00
Director
$0 $0 $0
WALTER B MORRIS DIRECTOR 1.00
Director
$27,445 $0 $27,445
GARLAND R MAURER DIRECTOR 20.00
Director
$38,550 $0 $38,550
DANIEL LEE DIRECTOR 1.00
Director
$0 $0 $0
BRYANT C INSCOE PRESIDENT 20.00
Officer
$0 $0 $0
RICHARD BRYANT BATTALION CHIEF/TREASURER 20.00
Officer
$43,950 $0 $43,950
GEORGE WOODS VICE PRESIDENT 1.00
Officer
$0 $0 $0
ROGER THOMERSON 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 $1,527,169 $1,419,751 $3,082,328 $107,418
2024 No data No data No data No data
2023 $1,334,261 $1,243,638 $2,716,554 $90,623
2022 $1,341,064 $1,019,282 $2,506,330 $321,782
2021 $1,119,655 $1,044,928 $2,160,777 $74,727
2020 $1,210,812 $1,000,234 $2,073,904 $210,578
2019 $1,078,894 $1,004,217 $1,865,663 $74,677
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