MINERAL SPRINGS VOLUNTEER FIRE & RESCUE DEPARTMENT INC (EIN 561337061) - 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

1958

Legal Domicile

Principal Officer

DONALD GADDY

Phone

7045070670

Tax Period

2024-07-01 to 2025-06-30

MINERAL SPRINGS VOLUNTEER FIRE & RESCUE DEPARTMENT INC, founded in 1958, is a community nonprofit in the Public Safety sector that reported $1.8M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $1.6M left a modest 10% surplus.

Mission

TO ESTABLISH, OPERATE, MAINTAIN, AND OTHERWISE PROVIDE FIRE AND RESCUE DEPARTMENTS AND SERVICES, INCLUDING CIVIL DEFENSE FOR THE GENERAL PUBLIC IN AND AROUND THE MINERAL SPRINGS COMMUNITY IN UNION COUNTY, NORTH CAROLINA.

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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 $1,785,316

Program Service Revenue $0

Investment Income $36,449

Other Revenue $0

TOTAL REVENUE $1,821,765

Expense Breakdown

Grants Paid $0

Salaries & Benefits $858,780

Fundraising Expenses $1,029

Program Expenses $1,613,545

Other Expenses $786,461

TOTAL EXPENSES $1,645,241

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,821,765	$1,927,210	-0.1%
Expenses	$1,645,241	$1,292,430	+0.3%
Net Income	$176,524	$634,780	-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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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
CARL STACKS	PRESIDENT	2.00	Officer	$0	$0	$0
KENNY BROOME	VICE PRESIDENT	2.00	Officer	$0	$0	$0
LOUIS THREATT	SECRETARY	3.00	Officer	$0	$0	$0
TERESA A ROSS	TREASURER	4.00	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	$1,821,765	$1,645,241	$3,523,375	$176,524
2024	$1,927,210	$1,292,430	$3,470,140	$634,780
2023	$1,410,571	$1,092,122	$2,958,033	$318,449
2022	$1,338,373	$1,012,196	$2,746,217	$326,177
2021	$945,352	$976,245	$2,534,971	$-30,893
2020	$927,346	$1,126,789	$2,489,416	$-199,443
2019	$935,949	$911,775	$2,795,548	$24,174
2018	$978,605	$865,347	$2,152,882	$113,258

MINERAL SPRINGS VOLUNTEER FIRE & RESCUE DEPARTMENT INC