PRINCETON VOLUNTEER FIRE DEPARTMENT INC

EIN: 561395949 501(c)(3) Public Safety

PRINCETON, NC

Total Revenue
$766,270
Total Expenses
$592,439
Total Assets
$2,263,163
Net Assets
$1,757,400
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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
ADAM STANLEY
Phone
9199363473
Tax Period
2023-07-01 to 2024-06-30

PRINCETON VOLUNTEER FIRE DEPARTMENT INC, founded in 1956, is a small nonprofit in the Public Safety sector that reported $766K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $174K, a strong 23% operating margin.

Mission

PROVIDE FIRE PROTECTION AND FIRST RESPONDER SERVICES TO THE PRINCETON FIRE DISTRICT

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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 $121,081
Program Service Revenue $492,923
Investment Income $15,386
Other Revenue $136,880
TOTAL REVENUE $766,270

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $592,439
Other Expenses $547,481
TOTAL EXPENSES $592,439

Year-over-Year Comparison

2023 2022 Change
Revenue $766,270 $557,488 +0.4%
Expenses $592,439 $317,631 +0.9%
Net Income $173,831 $239,857 -0.3%
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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
27

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
5
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM STANLEY CHIEF 10.00
Officer Director
$0 $0 $0
WAYNE WORLEY PRESIDENT 8.00
Officer Director
$0 $0 $0
TODD WILLOUGHBY VICE-PRESIDENT 8.00
Officer Director
$0 $0 $0
CHAD CREWS SECRETARY 8.00
Officer Director
$0 $0 $0
BRIAN PILKINGTON TREASURER 8.00
Officer Director
$0 $0 $0
FRANKIE HARRISON TOWN CITIZEN 1.00
Director
$0 $0 $0
MELVIN WILLOUGHBY DISTRICT CITIZEN 1.00
Director
$0 $0 $0
AUSTIN POPE OFFICER AT LARGE 1.00
Director
$0 $0 $0
RYAN RINEHART MEMBER AT LARGE 1.00
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
2024 $766,270 $592,439 $2,263,163 $173,831
2023 $557,488 $317,631 $2,147,452 $239,857
2022 $449,694 $321,765 $1,964,261 $127,929
2021 $317,558 $291,256 $1,215,783 $26,302
2020 $311,151 $320,228 $1,189,481 $-9,077
2019 $263,692 $258,506 $1,198,559 $5,186
2018 $221,391 $229,427 $1,193,373 $-8,036
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