THE FORK VOLUNTEER FIRE DEPT INC

EIN: 561374501 501(c)(3)

ADVANCE, NC

Total Revenue
$275,257
Total Expenses
$331,555
Total Assets
$796,090
Net Assets
$723,870
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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
1989
Legal Domicile
NC
Principal Officer
CAROLYN BRANNOCK
Phone
3369985545
Tax Period
2024-01-01 to 2024-12-31

THE FORK VOLUNTEER FIRE DEPT INC, founded in 1989, is a small nonprofit that reported $275K in total revenue in fiscal year 2024. Expenses of $332K exceeded revenue, resulting in a 20% operating deficit.

Mission

FIRE PROTECTION

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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 $262,850
Program Service Revenue $0
Investment Income $3,691
Other Revenue $8,716
TOTAL REVENUE $275,257

Expense Breakdown

Grants Paid $0
Salaries & Benefits $55,809
Fundraising Expenses $0
Program Expenses $319,436
Other Expenses $275,746
TOTAL EXPENSES $331,555

Year-over-Year Comparison

2024 2023 Change
Revenue $275,257 $272,978 +0.0%
Expenses $331,555 $156,607 +1.1%
Net Income $-56,298 $116,371 -1.5%
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
9
Independent Members
8
Employees
8
Volunteers
35

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
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BUCK BUCHANNON DIRECTOR N/A
Director
$0 $0 $0
DEREK MORGAN DIRECTOR N/A
Director
$0 $0 $0
MONTE TAYLOR DIRECTOR N/A
Director
$0 $0 $0
NATHAN WALKER DIRECTOR N/A
Director
$0 $0 $0
TOBY WILLIAMS DIRECTOR N/A
Director
$0 $0 $0
CAROLYN BRANNOCK PRESIDENT N/A
Officer
$0 $0 $0
CORINNE EVERHART TREASURER N/A
Officer
$0 $0 $0
MITCH WYATT VICE-PRESIDE N/A
Officer
$0 $0 $0
SARAH YOUNG SECRETARY N/A
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
2024 $275,257 $331,555 $796,090 $-56,298
2023 $272,978 $156,607 $781,379 $116,371
2022 $301,530 $202,455 $725,401 $99,075
2021 $252,294 $242,304 $626,433 $9,990
2020 $174,601 $166,383 $616,084 $8,218
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