REYNOLDS VOLUNTEER FIRE DEPARTMENT

EIN: 561388115 501(c)(3) Public Safety

ASHEVILLE, NC

Total Revenue
$1,700,947
Total Expenses
$1,819,388
Total Assets
$1,933,239
Net Assets
$1,294,445
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
NC
Principal Officer
HARVEY HUNTLEY
Phone
8282985200
Tax Period
2024-07-01 to 2025-06-30

REYNOLDS VOLUNTEER FIRE DEPARTMENT, founded in 1968, is a community nonprofit in the Public Safety sector that reported $1.7M in total revenue in fiscal year 2024.

Mission

TO PROMOTE AND CARRY ON ANY ACTIVITIES THAT MAY RESULT OR AID IN THE PROTECTION OF LIFE AND PROPERTY IN THE REYNOLDS AND OAKLEY COMMUNITIES OF BUNCOMBE COUNTY, NORTH CAROLINA, AND IN 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 $1,580,575
Program Service Revenue $0
Investment Income $30,418
Other Revenue $89,954
TOTAL REVENUE $1,700,947

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,352,374
Fundraising Expenses $93
Program Expenses $1,751,310
Other Expenses $467,014
TOTAL EXPENSES $1,819,388

Year-over-Year Comparison

2024 2023 Change
Revenue $1,700,947 $1,677,012 +0.0%
Expenses $1,819,388 $1,703,168 +0.1%
Net Income $-118,441 $-26,156 +3.5%
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
14
Independent Members
14
Employees
24
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
14
$126,732
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HARVEY HUNTLEY PRESIDENT 2.00
Officer Director
$0 $0 $0
JOHN CHILES VICE PRESIDE 2.00
Officer Director
$0 $0 $0
VICKIE KILLOUGH SECRETARY 0.30
Officer Director
$0 $0 $0
JAMES LEE TREASURER 1.50
Officer Director
$0 $0 $0
BUTCH HAMBY DIRECTOR 0.30
Director
$0 $0 $0
AMY KOVACH DIRECTOR 0.30
Director
$0 $0 $0
LARON HUNTLEY DIRECTOR 0.30
Director
$0 $0 $0
ROBERT BRINKLEY DIRECTOR 0.30
Director
$0 $0 $0
PEGGY WHISNANT DIRECTOR 0.30
Director
$0 $0 $0
STEPHEN KOLETNIK DIRECTOR 0.30
Director
$0 $0 $0
VINCENT V CARTER CHIEF 40.00
Director
$126,732 $0 $126,732
LORIE CORBIN DIRECTOR 0.30
Director
$0 $0 $0
WENDELL HOWARD DIRECTOR 0.30
Director
$0 $0 $0
SAM SCHUSTER DIRECTOR 0.30
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 $1,700,947 $1,819,388 $1,933,239 $-118,441
2024 No data No data No data No data
2023 $1,551,426 $1,544,921 $1,910,237 $6,505
2022 $1,440,068 $1,347,742 $1,956,244 $92,326
2021 $1,335,615 $1,204,359 $1,937,261 $131,256
2020 $1,228,211 $1,190,610 $1,860,501 $37,601
2019 $1,273,837 $1,239,369 $1,447,537 $34,468
2018 $1,121,796 $1,037,423 $854,161 $84,373
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