New Salem Volunteer Fire Dept Inc

EIN: 561396058 501(c)(3) Public Safety

Marshville, NC

Total Revenue
$1,297,262
Total Expenses
$686,689
Total Assets
$4,694,808
Net Assets
$4,305,606
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1959
Legal Domicile
NC
Phone
7045169598
Tax Period
2024-07-01 to 2025-06-30

New Salem Volunteer Fire Dept Inc, founded in 1959, is a community nonprofit in the Public Safety sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $611K, a strong 47% operating margin.

Mission

Protect the lives and property of those in and around the New Salem Community from fire, medical and other emergencies, whether natural or man-made, through fire suppression, emergency medical care, public education and by continuous training.

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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 $1,235,014
Program Service Revenue $0
Investment Income $39,766
Other Revenue $22,482
TOTAL REVENUE $1,297,262

Expense Breakdown

Grants Paid $0
Salaries & Benefits $191,112
Fundraising Expenses $1,862
Program Expenses $643,692
Other Expenses $493,715
TOTAL EXPENSES $686,689

Year-over-Year Comparison

2024 2023 Change
Revenue $1,297,262 $843,959 +0.5%
Expenses $686,689 $652,548 +0.1%
Net Income $610,573 $191,411 +2.2%
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
10
Independent Members
10
Employees
68
Volunteers
56

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
$18,812
Total Directors
10
$18,812
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Steven Oliver Vice President 2.00
Officer Director
$10,251 $0 $10,251
Kyle Griffin Treasurer 8.00
Officer Director
$8,561 $0 $8,561
Brian Baucom President 2.00
Officer Director
$0 $0 $0
Ryan Kiker Board Member 1.00
Director
$0 $0 $0
Mandy Little Secretary 2.00
Officer Director
$0 $0 $0
Dale Little Board Member 1.00
Director
$0 $0 $0
Alex Simpson Board Member 1.00
Director
$0 $0 $0
Rile Baucom Board Member 1.00
Director
$0 $0 $0
Justin Love Board Member 2.00
Officer Director
$0 $0 $0
Eric McComb Board Member 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
2025 $1,297,262 $686,689 $4,694,808 $610,573
2024 $843,959 $652,548 $4,132,710 $191,411
2023 $1,331,439 $603,398 $4,045,157 $728,041
2022 $765,460 $608,755 $3,422,858 $156,705
2021 $777,077 $543,884 $3,029,276 $233,193
2020 $555,918 $489,492 $2,477,391 $66,426
2018 $462,116 $323,678 $2,386,903 $138,438
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