CHESTERFIELD FIRE & RESCUE ASSOCIAT INC (EIN 561392810) - 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

1950

Legal Domicile

Principal Officer

ANDREW CLEMENS

Phone

8284330357

Tax Period

2024-07-01 to 2025-06-30

CHESTERFIELD FIRE & RESCUE ASSOCIAT INC, founded in 1950, is a small nonprofit in the Public Safety sector that reported $418K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $579K exceeded revenue, resulting in a 38% operating deficit.

Mission

TO PROVIDE FIRE AND PROTECTION SERVICES TO THE CITIZENS OF BURKE COUNTY NC

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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 $415,024

Program Service Revenue $0

Investment Income $3,301

Other Revenue $0

TOTAL REVENUE $418,325

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,130

Fundraising Expenses $0

Program Expenses $564,910

Other Expenses $577,095

TOTAL EXPENSES $579,225

Year-over-Year Comparison

	2024	2023	Change
Revenue	$418,325	$535,317	-0.2%
Expenses	$579,225	$331,292	+0.7%
Net Income	$-160,900	$204,025	-1.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE BANDY	BOARDMEMBER	1.00	Director	$0	$0	$0
LUTHER BROWN	BOARDMEMBER	1.00	Director	$0	$0	$0
DAVID HART	BORDMEMBER	1.00	Director	$0	$0	$0
TERRY HORTON	BOARDMEMBER	1.00	Director	$0	$0	$0
ROGER SUTTLES	BOARDMEMBER	1.00	Director	$0	$0	$0
KEN BERGIN	VICE PRESIDE	2.00	Officer	$0	$0	$0
ANNA BERRY	TREASURER	2.00	Officer	$0	$0	$0
ANDREW CLEMENS	PRESIDENT	2.00	Officer	$0	$0	$0
JACKIE HOFFMAN	SECRETARY	2.00	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	$418,325	$579,225	$548,661	$-160,900
2024	$535,317	$331,292	$709,561	$204,025
2023	$300,995	$191,496	$505,536	$109,499
2022	$243,979	$201,393	$396,037	$42,586
2021	$183,321	$309,060	$353,451	$-125,739
2020	$187,708	$136,230	$479,190	$51,478
2019	$165,660	$164,419	$427,712	$1,241
2018	$185,271	$112,630	$1,414,740	$72,641

CHESTERFIELD FIRE & RESCUE ASSOCIAT INC