South Lexington Volunteer Fire Department

EIN: 561387864 501(c)(3) Public Safety

Lexington, NC

Total Revenue
$826,774
Total Expenses
$541,148
Total Assets
$2,040,666
Net Assets
$1,037,348
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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
2008
Legal Domicile
NC
Principal Officer
Lori Beck Clement
Phone
3362381930
Tax Period
2024-07-01 to 2025-06-30

South Lexington Volunteer Fire Department, founded in 2008, is a small nonprofit in the Public Safety sector that reported $827K in total revenue in fiscal year 2024. Revenue surged 122% from the prior year, signaling strong growth momentum. The organization ran a surplus of $286K, a strong 35% operating margin.

Mission

Fire and medical rescue services to the community and surrounding communities

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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 $382,025
Program Service Revenue $0
Investment Income $426,166
Other Revenue $18,583
TOTAL REVENUE $826,774

Expense Breakdown

Grants Paid $0
Salaries & Benefits $151,603
Fundraising Expenses $0
Program Expenses $511,400
Other Expenses $389,545
TOTAL EXPENSES $541,148

Year-over-Year Comparison

2024 2023 Change
Revenue $826,774 $373,197 +1.2%
Expenses $541,148 $315,882 +0.7%
Net Income $285,626 $57,315 +4.0%
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
11
Independent Members
11
Employees
18
Volunteers
25

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
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Amanda Foglio Board Member 002.00
Director
$0 $0 $0
Edith Geddes Board Member 002.00
Director
$0 $0 $0
Steve Crottts Board Member 002.00
Director
$0 $0 $0
Brian Hedrick Board Member 002.00
Director
$0 $0 $0
John Smith Board Member 002.00
Director
$0 $0 $0
Chris Tussey Board Member 002.00
Director
$0 $0 $0
Robbie Gibson Board Member 002.00
Director
$0 $0 $0
Nancy Flowers Secretary 002.00
Officer
$0 $0 $0
Mike Whitaker Board Chair 002.00
Officer
$0 $0 $0
Cary Duley Treasurer 002.00
Officer
$0 $0 $0
Cody Hutchens Asst Chair 002.00
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 $826,774 $541,148 $2,040,666 $285,626
2024 $373,197 $315,882 $1,848,154 $57,315
2023 $379,009 $308,250 $1,886,367 $70,759
2022 $380,414 $311,265 $1,884,397 $69,149
2021 $330,980 $301,410 $1,820,885 $29,570
2020 $282,811 $274,715 $1,775,618 $8,096
2019 $293,096 $223,450 $1,831,868 $69,646
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