QUALLA VOLUNTEER FIRE DEPARTMENT

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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

1983

Legal Domicile

Principal Officer

LEWIS SMITH

Phone

8284212288

Tax Period

2024-07-01 to 2025-06-30

QUALLA VOLUNTEER FIRE DEPARTMENT, founded in 1983, is a small nonprofit in the Public Safety sector that reported $463K in total revenue in fiscal year 2024. Revenue surged 61% from the prior year, signaling strong growth momentum. Expenses of $394K left a modest 15% surplus.

Mission

VOLUNTEER FIRE/RESCUE DEPARTMENT

Program Service Accomplishments

Program 1

Expenses: $372,372

PROVIDE FIRE PROTECTION AND OTHER EMERGENCY SERVICES TO THE QUALLA FIRE DISTRICT AND ASSIST OTHER FIRE AND EMERGENCY SERVICES WITH JACKSON 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 $455,665

Program Service Revenue $0

Investment Income $7,055

Other Revenue $0

TOTAL REVENUE $462,720

Expense Breakdown

Grants Paid $0

Salaries & Benefits $63,662

Fundraising Expenses $0

Program Expenses $372,372

Other Expenses $329,932

TOTAL EXPENSES $393,594

Year-over-Year Comparison

	2024	2023	Change
Revenue	$462,720	$287,610	+0.6%
Expenses	$393,594	$239,688	+0.6%
Net Income	$69,126	$47,922	+0.4%

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

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
LEWIS SMITH	CHAIRMAN	3.00	Officer Director	$0	$0	$0
SAM DEITZ	DIRECTOR	2.00	Director	$0	$0	$0
NICHOLAS STEWARD	TRES	5.00	Officer Director	$0	$0	$0
JOHN THOMASSON	SEC	3.00	Officer Director	$0	$0	$0
GERALD REAGAN	DIRECTOR	2.00	Director	$0	$0	$0
CARL BUCHANAN	DIRECTOR	2.00	Director	$0	$0	$0
DAVID BELL	DIRECTOR	2.00	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	$462,720	$393,594	$1,526,577	$69,126
2024	$287,610	$239,688	$1,459,480	$47,922
2023	$278,562	$220,293	$1,438,938	$58,269
2022	$203,852	$219,326	$1,407,059	$-15,474
2021	$178,880	$191,147	$1,447,961	$-12,267
2020	$187,137	$192,285	$1,487,497	$-5,148
2019	$168,566	$179,357	$1,365,341	$-10,791