WILKES IREDELL VOLUNTEER FIRE DEPARTMENT INC (EIN 561395935) - 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

1975

Legal Domicile

Principal Officer

DAVID REDMOND

Phone

3369843076

Tax Period

2024-03-01 to 2025-02-28

WILKES IREDELL VOLUNTEER FIRE DEPARTMENT INC, founded in 1975, is a small nonprofit that reported $272K in total revenue in fiscal year 2024. The organization ran a surplus of $75K, a strong 28% operating margin.

Mission

FIREFIGHTING AND PREVENTIONFIRE FIGHTING AND EDUCATION FOR FIRE PREVENTION BY VOLUNTEERSFIREMEN, INCOME WAS USED FOR UPKEEP OF THE FIRE STATION BUILDINGAND THE FIRE EQUIPMENT AND VEHICLES.

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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 $10,049

Program Service Revenue $244,422

Investment Income $6,785

Other Revenue $10,475

TOTAL REVENUE $271,731

Expense Breakdown

Grants Paid $28,971

Salaries & Benefits $3,516

Fundraising Expenses $0

Program Expenses $145,950

Other Expenses $164,256

TOTAL EXPENSES $196,743

Year-over-Year Comparison

	2024	2023	Change
Revenue	$271,731	$258,294	+0.1%
Expenses	$196,743	$215,992	-0.1%
Net Income	$74,988	$42,302	+0.8%

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

N/A

Employees

N/A

Volunteers

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	Role	Reportable Comp	Other Comp	Total
DAVID REDMOND	CHAIRMAN	Officer	$0	$0	$0
DENNIS MAHAFFEY	VICE CHAIRMAN	Officer	$0	$0	$0
TRAVIS LEWIS	SECRETARY	Officer	$0	$0	$0
BOBBY HOWARD	TREASURER	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	$271,731	$196,743	$908,389	$74,988
2024	$258,294	$215,992	$847,320	$42,302
2023	$286,160	$228,236	$729,920	$57,924
2022	$223,787	$206,235	$694,465	$17,552
2021	$215,819	$198,098	$698,595	$17,721
2020	$238,757	$199,676	$719,745	$39,081
2019	$159,164	$158,696	$704,828	$468

WILKES IREDELL VOLUNTEER FIRE DEPARTMENT INC