PRINCETON VOLUNTEER FIRE DEPARTMENT INC

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

PRINCETON, NC

Total Revenue
$841,167
Total Expenses
$951,672
Total Assets
$2,790,591
Net Assets
$1,646,895
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1956
Legal Domicile
NC
Principal Officer
ADAM STANLEY
Phone
9199363473
Tax Period
2024-07-01 to 2025-06-30

PRINCETON VOLUNTEER FIRE DEPARTMENT INC, founded in 1956, is a small nonprofit in the Public Safety sector that reported $841K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $952K exceeded revenue, resulting in a 13% operating deficit.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $951,672 Revenue: $841,166

PROVIDE FIRE PROTECTION AND FIRST RESPONDER SERVICES TO THE PRINCETON FIRE DISTRICT AND SURROUNDING COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $24,867
Program Service Revenue $702,748
Investment Income $72,667
Other Revenue $40,885
TOTAL REVENUE $841,167

Expense Breakdown

Grants Paid $0
Salaries & Benefits $116,989
Fundraising Expenses $0
Program Expenses $951,672
Other Expenses $778,324
TOTAL EXPENSES $951,672

Year-over-Year Comparison

2024 2023 Change
Revenue $841,167 $766,270 +0.1%
Expenses $951,672 $592,439 +0.6%
Net Income $-110,505 $173,831 -1.6%
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
14
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
6
$9,904
Total Directors
7
$9,904
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
$9,904 $0 $9,904
WAYNE WORLEY PRESIDENT 8.00
Officer Director
$0 $0 $0
TODD WILLOUGHBY VICE-PRESIDENT 8.00
Officer Director
$0 $0 $0
RICHARD RELIFORD 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
MATTHEW HADDOCK FIREFIGHTER REP 1.00
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 $841,167 $951,672 $2,790,591 $-110,505
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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