SOUTHWOOD VOLUNTEER FIRE DEPARTMEN… - Form 990 Financial Data

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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

1975

Principal Officer

CRAIG JONES

Phone

2525270074

Tax Period

2024-07-01 to 2025-06-30

SOUTHWOOD VOLUNTEER FIRE DEPARTMENT INC, founded in 1975, is a small nonprofit in the Public Safety sector that reported $385K in total revenue in fiscal year 2024.

Mission

TO PROVIDE FIREFIGHTING AND RESCUE SERVICES TO THE CITIZENS OF SOUTHERN LENOIR COUNTY, NORTH CAROLINA.

Program Service Accomplishments

Program 1

Expenses: $397,736

PROVIDING FIREFIGHTING AND RESCUE SERVICES TO THE CITIZENS OF SOUTHERN LENOIR COUNTY, NORTH CAROLINA.

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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 $350,835

Program Service Revenue $0

Investment Income $3,706

Other Revenue $30,291

TOTAL REVENUE $384,832

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,680

Fundraising Expenses $0

Program Expenses $397,736

Other Expenses $394,056

TOTAL EXPENSES $397,736

Year-over-Year Comparison

	2024	2023	Change
Revenue	$384,832	$383,341	+0.0%
Expenses	$397,736	$334,308	+0.2%
Net Income	$-12,904	$49,033	-1.3%

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	Reportable Comp	Other Comp	Total
ELIJAH BROWN	MEMBER AT LA	N/A	$0	$0	$0
SAM HARDISON	MEMBER AT LA	N/A	$0	$0	$0
WALKER HARDISON	MEMBER AT LA	N/A	$0	$0	$0
CRAIG JARMAN	CHIEF	N/A	$0	$0	$0
LINWOOD JARMAN	VICE PRESIDE	N/A	$0	$0	$0
CRAIG JONES	TREASURER	N/A	$0	$0	$0
JASON JONES	PRESIDENT	N/A	$0	$0	$0
RANDY JONES	CHAPLIN	N/A	$0	$0	$0
JOSEPH ZACK POTTER	MEMBER AT LA	N/A	$0	$0	$0
NOAH SANDERSON	SECRETARY	N/A	$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	$384,832	$397,736	$1,825,232	$-12,904
2024	$383,341	$334,308	$1,895,324	$49,033
2023	$318,298	$249,103	$1,336,817	$69,195
2022	$246,828	$276,338	$1,365,734	$-29,510

SOUTHWOOD VOLUNTEER FIRE DEPARTMENT INC