SILVER LAKE VOLUNTEER FIRE DEPARTM… - 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

1961

Legal Domicile

Principal Officer

WAYNE STONE

Phone

2522372780

Tax Period

2024-07-01 to 2025-06-30

SILVER LAKE VOLUNTEER FIRE DEPARTMENT INC, founded in 1961, is a small nonprofit in the Public Safety sector that reported $482K in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $231K, a strong 48% operating margin.

Mission

VOLUNTEER FIRE DEPARTMENT

Program Service Accomplishments

Program 1

Expenses: $248,421

PROVIDES VOLUNTEER FIRE PROTECTION TO THE RESIDENTS OF THE SILVER LAKE FIRE DISTRICT, IN WILSON AND NASH COUNTIES, NORTH CAROLINA. THE FIRE DISTRICT HAS APPROXIMATELY 2,400 RESIDENTS.

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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 $444,901

Program Service Revenue $0

Investment Income $18,926

Other Revenue $18,580

TOTAL REVENUE $482,407

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $248,421

Other Expenses $251,651

TOTAL EXPENSES $251,651

Year-over-Year Comparison

	2024	2023	Change
Revenue	$482,407	$297,904	+0.6%
Expenses	$251,651	$207,826	+0.2%
Net Income	$230,756	$90,078	+1.6%

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

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
TRACEY MOSLEY	DIRECTOR	2.00	Director	$0	$0	$0
JASON BISSETTE	DIRECTOR	2.00	Director	$0	$0	$0
RICKY MOSLEY	DIRECTOR	2.00	Director	$0	$0	$0
FREDDY DANIELS	DIRECTOR	2.00	Director	$0	$0	$0
BETSY DAVIS	TREASURER/BUSINESS MANAGER	10.00	Officer Director	$0	$0	$0
WAYNE STONE	CHAIRMAN	10.00	Officer Director	$0	$0	$0
DENNIS DANIELS	VICE-CHAIRMAN	2.00	Officer Director	$0	$0	$0
TODD GLOVER	DIRECTOR	2.00	Director	$0	$0	$0
LIZABETH SUMNER	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT JACKSON	SECRETARY	2.00	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	$482,407	$251,651	$1,194,668	$230,756
2024	$297,904	$207,826	$987,148	$90,078
2023	$271,976	$212,965	$1,144,701	$59,011
2022	$250,155	$185,280	$1,152,583	$64,875
2021	$237,411	$164,126	$1,171,080	$73,285
2020	$198,823	$170,090	$1,144,948	$28,733
2019	$322,598	$183,521	$1,136,870	$139,077
2018	$247,285	$237,080	$1,060,543	$10,205

SILVER LAKE VOLUNTEER FIRE DEPARTMENT INC