BETHANY COMMUNITY FIRE DEPT INC

EIN: 561389671 501(c)(3) Public Safety

ALBEMARLE, NC

Total Revenue
$150,102
Total Expenses
$154,032
Total Assets
$563,282
Net Assets
$392,693
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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
1956
Legal Domicile
NC
Principal Officer
TONYA FREEMAN
Phone
7049849475
Tax Period
2023-01-01 to 2023-12-31

BETHANY COMMUNITY FIRE DEPT INC, founded in 1956, is a small nonprofit in the Public Safety sector that reported $150K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Net assets of $393K represent 31 months of operating reserves.

Mission

THIS ORGANIZATION PROVIDES EMERGENCY ASSISTANCE TO MEMBERS OF THE SURROUNDING COMMUNITY.

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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 $138,978
Program Service Revenue $0
Investment Income $3,542
Other Revenue $7,582
TOTAL REVENUE $150,102

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,502
Fundraising Expenses $0
Program Expenses $154,032
Other Expenses $143,530
TOTAL EXPENSES $154,032

Year-over-Year Comparison

2023 2022 Change
Revenue $150,102 $172,977 -0.1%
Expenses $154,032 $180,124 -0.1%
Net Income $-3,930 $-7,147 -0.5%
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
8
Independent Members
8
Employees
1
Volunteers
30

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
2
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUSTIN CARTER BOARD MEMBER N/A
Director
$0 $0 $0
TONYA FREEMAN TREASURER N/A
Officer Director
$0 $0 $0
ROGER HATHCOCK PRESIDENT N/A
Officer Director
$0 $0 $0
MARK PADGETT BOARD MEMBER N/A
Director
$0 $0 $0
MICHAEL SHOAF BOARD MEMBER N/A
Director
$0 $0 $0
TIM SIMMONS BOARD MEMBER N/A
Director
$0 $0 $0
CHRIS WHITLEY BOARD MEMBER N/A
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 No data No data No data No data
2024 No data No data No data No data
2023 $150,102 $154,032 $563,282 $-3,930
2022 $172,977 $180,124 $597,019 $-7,147
2021 $243,644 $150,281 $630,148 $93,363
2020 $123,190 $121,248 $564,990 $1,942
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