DROWNING CREEK VOLUNTEER FIRE DEPARTMENT INC

EIN: 561320833 501(c)(3) Public Safety

Hickory, NC

Total Revenue
$126,766
Total Expenses
$151,430
Total Assets
$447,200
Net Assets
$331,934
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
NC
Principal Officer
MELINDA SPENCER
Tax Period
2024-08-01 to 2025-07-31

DROWNING CREEK VOLUNTEER FIRE DEPARTMENT INC, founded in 1988, is a small nonprofit in the Public Safety sector that reported $127K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $151K exceeded revenue, resulting in a 19% operating deficit.

Mission

Provide protection of life, property, and the environment from the effects of fires, medical emergencies, and hazards. We engage the community in our mission through progressive community outreach.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $125,919
Program Service Revenue $0
Investment Income $847
Other Revenue $0
TOTAL REVENUE $126,766

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $151,430
TOTAL EXPENSES $151,430

Year-over-Year Comparison

2024 2023 Change
Revenue $126,766 $183,866 -0.3%
Expenses $151,430 $113,524 +0.3%
Net Income $-24,664 $70,342 -1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
20

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
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tony Connor Chairman 020.00
Officer Director
$0 $0 $0
Robin Winker VIce Chairman 020.00
Officer Director
$0 $0 $0
Dorothy Conger Secretary 020.00
Officer Director
$0 $0 $0
Melinda Spencer Treasurer 020.00
Officer 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
2025 $126,766 $151,430 $447,200 $-24,664
2024 $183,866 $113,524 $491,708 $70,342
2023 $135,624 $105,810 $508,012 $29,814
Explore More Nonprofits
Top 100 Nonprofits in North Carolina Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare DROWNING CREEK VOLUNTEER FIRE DEPARTMENT INC with other nonprofits in North Carolina and across the country.