Cornelius-Lemley Volunteer Fire Department Inc (EIN 561366362) - 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

1970

Legal Domicile

Principal Officer

Drew McIlreavy

Phone

7043363761

Tax Period

2024-07-01 to 2025-06-30

Cornelius-Lemley Volunteer Fire Department Inc, founded in 1970, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $2.8M left a modest 7% surplus.

Mission

Volunteer 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 $919,344

Program Service Revenue $2,064,538

Investment Income $12,407

Other Revenue $10,200

TOTAL REVENUE $3,006,489

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,720,891

Fundraising Expenses $58,565

Program Expenses $2,586,902

Other Expenses $1,087,891

TOTAL EXPENSES $2,808,782

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,006,489	$2,543,608	+0.2%
Expenses	$2,808,782	$2,657,779	+0.1%
Net Income	$197,707	$-114,171	-2.7%

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

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

$572,259

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ashton Chaney	Director	20.00	Officer	$68,119	$0	$68,119
George Ross	Director	20.00	Officer	$57,422	$0	$57,422
Tom Cichocki	President	20.00	Officer	$44,528	$0	$44,528
Edward McCormick	Director	20.00	Officer	$42,949	$0	$42,949
Andrew Bridges	Director	20.00	Officer	$41,790	$0	$41,790
Anthony Falletti	Director	20.00	Officer	$39,698	$0	$39,698
James Robinette	Director	20.00	Officer	$39,401	$0	$39,401
Mel Kelly	Member	20.00	Officer	$36,287	$0	$36,287
Joseph Slagle	Director	20.00	Officer	$36,225	$0	$36,225
Justin Rnson	Director	20.00	Officer	$34,348	$0	$34,348
Sam Rivers	Director	20.00	Officer	$33,921	$0	$33,921
Mark Ballew	Director	20.00	Officer	$30,899	$0	$30,899
David Boyd	Director	20.00	Officer	$28,027	$0	$28,027
William Mcllreavy	Director	20.00	Officer	$26,187	$0	$26,187
William Shick	Director	20.00	Officer	$6,459	$0	$6,459
Guerry Barbee	Fire Chief	20.00	Officer	$5,999	$0	$5,999
Matt Greco	Member	20.00	Officer	$0	$0	$0
Jeff Tracey	Member	20.00	Officer	$0	$0	$0
Drew McIlreavy	Treasurer	19.00	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	$3,006,489	$2,808,782	$1,197,851	$197,707
2024	$2,543,608	$2,657,779	$992,537	$-114,171
2023	$1,980,677	$2,099,747	$1,110,329	$-119,070
2022	$1,951,635	$1,920,025	$1,205,603	$31,610
2021	$1,792,891	$1,765,078	$1,146,909	$27,813
2020	$1,763,020	$1,824,381	$1,131,989	$-61,361
2019	$1,792,648	$1,802,897	$1,193,377	$-10,249
2018	$1,615,091	$1,549,918	$1,190,778	$65,173

Cornelius-Lemley Volunteer Fire Department Inc