Clarks Neck Volunteer Fire Dept (EIN 561404925) - 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

1976

Legal Domicile

Principal Officer

Luther Bailey

Phone

2529437428

Tax Period

2024-07-01 to 2025-06-30

Clarks Neck Volunteer Fire Dept, founded in 1976, is a small nonprofit that reported $240K in total revenue in fiscal year 2024. Revenue surged 74% from the prior year, signaling strong growth momentum. The organization ran a surplus of $65K, a strong 27% operating margin.

Mission

Fire fighting and rescue.

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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 $3,548

Program Service Revenue $204,984

Investment Income $5,440

Other Revenue $26,352

TOTAL REVENUE $240,324

Expense Breakdown

Grants Paid $0

Salaries & Benefits $600

Fundraising Expenses $0

Program Expenses $121,722

Other Expenses $174,290

TOTAL EXPENSES $174,890

Year-over-Year Comparison

	2024	2023	Change
Revenue	$240,324	$137,897	+0.7%
Expenses	$174,890	$137,462	+0.3%
Net Income	$65,434	$435	+149.4%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Luther Bailey	President	5.00	Officer	$0	$0	$0
Edward E Lee	Treasurer	5.00	Officer	$0	$0	$0
Bryan K Dixon	Chief Officer VP	5.00	Officer	$0	$0	$0
Mike Sykes	Director	2.00	Director	$0	$0	$0
William H Dawson III	Director	2.00	Director	$0	$0	$0
Tony Hoell	Director	2.00	Director	$0	$0	$0
Johnny Harris	Director	2.00	Director	$0	$0	$0
Charles Squires	Director	2.00	Director	$0	$0	$0
Ada Evans	Director	2.00	Director	$0	$0	$0
Tandy Dunn	Secretary	2.00	Officer	$0	$0	$0
Noel Lee	Director	2.00	Director	$0	$0	$0
Jim Evans	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	$240,324	$174,890	$916,898	$65,434
2024	$137,897	$137,462	$874,430	$435
2023	$242,449	$189,432	$905,857	$53,017
2022	$201,892	$239,632	$1,470,381	$-37,740
2021	$220,861	$132,218	$1,010,930	$88,643
2020	$175,971	$179,672	$882,423	$-3,701
2019	$206,784	$222,115	$896,504	$-15,331

Clarks Neck Volunteer Fire Dept