PUNGO RIVER VOL FIRE DEPARTMENT (EIN 561279714) - 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

1980

Legal Domicile

Principal Officer

LORIN HERSHEY

Phone

2529355200

Tax Period

2024-01-01 to 2024-12-31

PUNGO RIVER VOL FIRE DEPARTMENT, founded in 1980, is a small nonprofit in the Public Safety sector that reported $254K in total revenue in fiscal year 2024. Revenue surged 162% from the prior year, signaling strong growth momentum. The organization ran a surplus of $133K, a strong 52% operating margin.

Mission

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 (2024)

Revenue Breakdown

Contributions & Grants $253,962

Program Service Revenue $48

Investment Income $11

Other Revenue $0

TOTAL REVENUE $254,021

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $118,690

Other Expenses $121,094

TOTAL EXPENSES $121,094

Year-over-Year Comparison

	2024	2023	Change
Revenue	$254,021	$97,047	+1.6%
Expenses	$121,094	$151,901	-0.2%
Net Income	$132,927	$-54,854	-3.4%

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

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
TERRY COOPER	DIRECTOR	2.00	Director	$0	$0	$0
BILLY ALLEN	DIRECTOR	2.00	Director	$0	$0	$0
HALLAS BOYD	DIRECTOR	2.00	Director	$0	$0	$0
LORIN HERSHEY	PRESIDENT	25.00	Officer	$0	$0	$0
GLENN BOYD	VICE PRESIDENT	20.00	Officer	$0	$0	$0
LYNN PAUL	SECRETARY	2.00	Officer	$0	$0	$0
CAROLYN HERSHEY	TREASURER	10.00	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	No data	No data	No data	No data
2024	$254,021	$121,094	$427,468	$132,927
2022	$229,017	$133,609	$349,395	$95,408

PUNGO RIVER VOL FIRE DEPARTMENT