SALEM DISTRICT VOLUNTEER FIRE DEPARTMENT INC (EIN 561410706) - 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

1975

Principal Officer

RAY MASSENGALE

Phone

2529370553

Tax Period

2024-07-01 to 2025-06-30

SALEM DISTRICT VOLUNTEER FIRE DEPARTMENT INC, founded in 1975, is a small nonprofit in the Public Safety sector that reported $321K in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. Net assets of $1.6M represent 60 months of operating reserves.

Mission

PROVIDE FIRE PREVENTION, FIREFIGHTING SERVICES, AND TRAINING ON A VOLUNTEER BASIS FOR THE SALEM AREA OF NASH CUNTY, NORTH CAROLINA AND SURROUNDING AREAS.

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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 $320,848

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $320,848

Expense Breakdown

Grants Paid $0

Salaries & Benefits $142,904

Fundraising Expenses $0

Program Expenses $317,202

Other Expenses $187,570

TOTAL EXPENSES $330,474

Year-over-Year Comparison

	2024	2023	Change
Revenue	$320,848	$401,447	-0.2%
Expenses	$330,474	$319,951	+0.0%
Net Income	$-9,626	$81,496	-1.1%

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

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
NATHAN EVANS	CHIEF	N/A	Director	$0	$0	$0
JORDAN MASSENBURG	MEMBER	N/A	Director	$0	$0	$0
PAUL POWELL	MEMBER	N/A	Director	$0	$0	$0
RAY MASSENGALE	PRESIDENT	N/A	Officer	$0	$0	$0
TAMEKA RICHARDSON	TREASURER	N/A	Officer	$0	$0	$0
BRITTANY WASHINGTON	SECRETARY	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
2025	$320,848	$330,474	$1,742,307	$-9,626
2024	$401,447	$319,951	$1,771,990	$81,496
2023	$261,350	$301,713	$1,700,181	$-40,363
2022	$212,023	$178,406	$1,754,722	$33,617
2021	$220,356	$180,933	$1,734,835	$39,423
2020	$198,604	$196,526	$1,708,708	$2,078
2019	$172,212	$154,655	$1,719,489	$17,557
2018	$221,756	$291,166	$1,533,237	$-69,410

SALEM DISTRICT VOLUNTEER FIRE DEPARTMENT INC