SILVER VALLEY FIRE DEPARTMENT INC

EIN: 561373802 501(c)(3) Public Safety

LEXINGTON, NC

Total Revenue
$788,370
Total Expenses
$615,529
Total Assets
$2,277,392
Net Assets
$613,048
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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
NC
Phone
3368593247
Tax Period
2024-07-01 to 2025-06-30

SILVER VALLEY FIRE DEPARTMENT INC, founded in 1961, is a small nonprofit in the Public Safety sector that reported $788K in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $173K, a strong 22% operating margin.

Mission

VOLUNTEER FIRE DEPARTMENT - OPERATES FIRE TRUCKS AND PREVENTION EQUIPMENT IN A DEFINED COUNTY DISTRICT.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $46,612
Program Service Revenue $738,110
Investment Income $674
Other Revenue $2,974
TOTAL REVENUE $788,370

Expense Breakdown

Grants Paid $0
Salaries & Benefits $135,278
Fundraising Expenses $0
Program Expenses $519,235
Other Expenses $480,251
TOTAL EXPENSES $615,529

Year-over-Year Comparison

2024 2023 Change
Revenue $788,370 $518,132 +0.5%
Expenses $615,529 $497,322 +0.2%
Net Income $172,841 $20,810 +7.3%
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

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Governance

Voting Members
15
Independent Members
15
Employees
2
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
4
$0
Total Directors
5
$48,226
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER W HEDRICK FIRE CHIEF 2.00
Director
$37,413 $0 $37,413
BILLY SMITH BOARD MEMBER 2.00
Director
$5,474 $0 $5,474
MICKEY HELTON BOARD MEMBER 2.00
Director
$3,563 $0 $3,563
BRANDON VEREEN BOARD MEMBER 2.00
Director
$1,776 $0 $1,776
KELLY HULIN BOARD MEMBER 2.00
Director
$0 $0 $0
BRYCE M HEDRICK CHAIRMAN 5.00
Officer
$0 $0 $0
TRAVIS BEESON SECRETARY 40.00
Officer
$0 $0 $0
JERRY HARTMAN VICE CHAIRMAN 2.00
Officer
$0 $0 $0
CRYSTAL REEDER TREASURER 2.00
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 $788,370 $615,529 $2,277,392 $172,841
2024 $518,132 $497,322 $2,224,065 $20,810
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