NUMBER SEVEN VOLUNTEER FIRE DEPARTMENT INC

EIN: 561388943 501(c)(3) Public Safety

Shelby, NC

Total Revenue
$832,696
Total Expenses
$504,792
Total Assets
$6,235,705
Net Assets
$4,413,716
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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
1970
Legal Domicile
NC
Principal Officer
MICHAEL OWENS
Tax Period
2023-07-01 to 2024-06-30

NUMBER SEVEN VOLUNTEER FIRE DEPARTMENT INC, founded in 1970, is a small nonprofit in the Public Safety sector that reported $833K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $328K, a strong 39% operating margin.

Mission

FIRE PROTECTION AND PREVENTION SERVICES TO COMMUNITY AND RESPONSE TO EMERGENCIES

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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 (2023)

Revenue Breakdown

Contributions & Grants $250,702
Program Service Revenue $0
Investment Income $230
Other Revenue $581,764
TOTAL REVENUE $832,696

Expense Breakdown

Grants Paid $0
Salaries & Benefits $120,924
Fundraising Expenses $0
Program Expenses $504,792
Other Expenses $383,868
TOTAL EXPENSES $504,792

Year-over-Year Comparison

2023 2022 Change
Revenue $832,696 $926,760 -0.1%
Expenses $504,792 $770,763 -0.3%
Net Income $327,904 $155,997 +1.1%
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
18
Independent Members
11
Employees
31
Volunteers
10

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
6
$37,783
Total Directors
17
$45,727
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERRY WHITAKER BOARD MEMBER 1.00
Director
$12,245 $0 $12,245
PAUL CREASMAN ASST CHIEF BOARD MEMBER 8.00
Officer Director
$9,543 $0 $9,543
BRIAN LEE CAPTAIN BOARD MEMBER 8.00
Officer Director
$8,130 $0 $8,130
MATTHEW FREEMAN ASST CHIEF 1.00
Officer Director
$7,201 $0 $7,201
JOHNNIE POWELL CAPTAIN BOARD MEMBER 8.00
Officer
$6,632 $0 $6,632
MICHAEL OWENS CHIEF BOARD MEMBER 12.00
Officer Director
$6,277 $0 $6,277
DONALD BAUTISTA BOARD MEMBER 1.00
Director
$1,208 $0 $1,208
Ronnie Henderson Board member 0.00
Director
$1,123 $0 $1,123
WAYNE BRIDGES BOARD MEMBER 1.00
Director
$0 $0 $0
SAMANTHA DREWERY BOARD MEMBER 1.00
Director
$0 $0 $0
Gracie Freeman Board member 1.00
Director
$0 $0 $0
Chris Strange Board member 1.00
Director
$0 $0 $0
SCOTT WHITENER BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID HENDRICK BOARD MEMBER 1.00
Director
$0 $0 $0
ALTON BEAL CHAIRMAN 1.00
Director
$0 $0 $0
JOEL SHORES VICE-CHAIRMAN 1.00
Director
$0 $0 $0
KATHERINE JENKINS BOARD MEMBER 1.00
Director
$0 $0 $0
RANDI POWELL TREASURER BOARD MEMBER 1.00
Director
$0 $0 $0
MALLORI OWENS SECRETARY 8.00
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 No data No data No data No data
2024 $832,696 $504,792 $6,235,705 $327,904
2023 $926,760 $770,763 $5,989,969 $155,997
2022 $468,068 $338,262 $5,913,394 $129,806
2021 $433,021 $293,745 $5,869,153 $139,276
2020 $393,117 $153,242 $5,830,047 $239,875
2019 $226,752 $133,417 $5,234,450 $93,335
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