BADIN LAKE VOLUNTEER FIRE DEPARTMENT INC (EIN 561381264) - 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

1983

Legal Domicile

Principal Officer

DAVID SUGG

Phone

3364613211

Tax Period

2024-07-01 to 2025-06-30

BADIN LAKE VOLUNTEER FIRE DEPARTMENT INC, founded in 1983, is a small nonprofit in the Public Safety sector that reported $690K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $770K exceeded revenue, resulting in a 12% operating deficit.

Mission

FIRE PROTECTION FOR MONTGOMERY AND DAVIDSON COUNTIES, 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 $685,969

Program Service Revenue $0

Investment Income $-1,317

Other Revenue $5,347

TOTAL REVENUE $689,999

Expense Breakdown

Grants Paid $0

Salaries & Benefits $207,947

Fundraising Expenses $0

Program Expenses $765,076

Other Expenses $561,727

TOTAL EXPENSES $769,674

Year-over-Year Comparison

	2024	2023	Change
Revenue	$689,999	$906,188	-0.2%
Expenses	$769,674	$536,532	+0.4%
Net Income	$-79,675	$369,656	-1.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VINCE STAMEY	DIRECTOR	1.00	Officer Director	$0	$0	$0
WESLEY FREEMAN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SUGG	TREASURER/DIRECTOR	10.00	Officer Director	$0	$0	$0
KAREN NASH	DIRECTOR	1.00	Director	$0	$0	$0
JACELYN GOFF	SECRETARY/DIRECTOR	1.00	Officer Director	$0	$0	$0
DENNIS NASH	DIRECTOR	1.00	Director	$0	$0	$0
JIMMY WELLS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE DOYLE	PRESIDENT	1.00	Director	$0	$0	$0
KEVIN FAWCETT	DIRECTOR	1.00	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	$689,999	$769,674	$3,548,768	$-79,675
2021	$521,461	$553,177	$3,092,109	$-31,716
2020	$468,767	$516,721	$3,181,818	$-47,954

BADIN LAKE VOLUNTEER FIRE DEPARTMENT INC