MILLENNIUM VOLUNTEER FIRE DEPT INC

EIN: 561408186 Public Safety

AULANDER, NC

Total Revenue
$78,123
Total Expenses
$63,226
Total Assets
$234,587
Net Assets
$181,473
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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
1963
Legal Domicile
NC
Principal Officer
STEVEN LASSITER
Phone
2523458851
Tax Period
2024-01-01 to 2024-12-31

MILLENNIUM VOLUNTEER FIRE DEPT INC, founded in 1963, is a micro nonprofit in the Public Safety sector that reported $78K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $15K, a strong 19% operating margin.

Mission

VOLUNTEER FIRE PROTECTION

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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 $77,373
Program Service Revenue $750
Investment Income $0
Other Revenue $0
TOTAL REVENUE $78,123

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $63,226
Other Expenses $63,226
TOTAL EXPENSES $63,226

Year-over-Year Comparison

2024 2023 Change
Revenue $78,123 $88,045 -0.1%
Expenses $63,226 $59,852 +0.1%
Net Income $14,897 $28,193 -0.5%
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
3
Independent Members
3
Employees
N/A
Volunteers
N/A

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDDIE DREW SECRETARY N/A
Officer
$0 $0 $0
STEVEN LASSITER TREASURER N/A
Officer
$0 $0 $0
MICHAEL VAUGHAN CHIEF N/A
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
2024 $78,123 $63,226 $234,587 $14,897
2023 $88,045 $59,852 $219,593 $28,193
2022 $91,968 $65,515 $217,947 $26,453
2021 $38,869 $42,679 $191,191 $-3,810
2020 $52,346 $54,554 $211,188 $-2,208
2019 $49,243 $68,235 $227,051 $-18,992
2018 $51,191 $50,091 $261,538 $1,100
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