Double Island Volunteer Fire Depar… - Form 990 Financial Data

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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

1970

Legal Domicile

Principal Officer

Johnny Hewitt

Phone

8282081308

Tax Period

2024-01-01 to 2024-12-31

Double Island Volunteer Fire Department Inc, founded in 1970, is a small nonprofit in the Public Safety sector that reported $451K in total revenue in fiscal year 2024. Revenue surged 277% from the prior year, signaling strong growth momentum. The organization ran a surplus of $336K, a strong 75% operating margin.

Mission

Provide fire protective services and first responder services to the residents of the Double Island Fire District, Yancey County, North Carolina Region

Program Service Accomplishments

Program 1

Expenses: $111,137

Provide Fire Protective and Emergency Response Services to the residents of the Double Island Fire Department in Yancey County, 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $361,183

Program Service Revenue $64,954

Investment Income $17

Other Revenue $24,639

TOTAL REVENUE $450,793

Expense Breakdown

Grants Paid $0

Salaries & Benefits $960

Fundraising Expenses $0

Program Expenses $111,137

Other Expenses $113,925

TOTAL EXPENSES $114,885

Year-over-Year Comparison

	2024	2023	Change
Revenue	$450,793	$119,449	+2.8%
Expenses	$114,885	$92,807	+0.2%
Net Income	$335,908	$26,642	+11.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Clark Johnson	Board Member	002.00	Director	$0	$0	$0
Jim Earandson	Board Member	002.00	Director	$0	$0	$0
Mary Denbendetto	Board Member	002.00	Director	$0	$0	$0
Valerie Stiles	Captain/President	003.00	Officer	$0	$0	$0
Johnny Hewett	Safety Officer	003.00	Officer	$0	$0	$0
Daniel Stiles	Chief	003.00	Officer	$0	$0	$0
Daniel Robinson	Captain/Board Member	003.00	Officer	$0	$0	$0
Dan Buchanan	Assistant Chief	003.00	Officer	$0	$0	$0
Charles Ciaffone	Lieutenant/Board Member	003.00	Officer	$0	$0	$0
Trish Ciaffone	Medical Officer	003.00	Officer	$0	$0	$0
Chris Walton	Lieutenant	003.00	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	$450,793	$114,885	$1,318,668	$335,908
2023	$119,449	$92,807	$982,760	$26,642
2022	$102,199	$77,638	$956,118	$24,561
2021	$85,318	$80,616	$931,557	$4,702
2020	$100,315	$64,278	$926,855	$36,037
2019	$155,174	$33,644	$890,818	$121,530
2018	$50,702	$32,783	$799,288	$17,919

Double Island Volunteer Fire Department Inc