ASHFORD-NORTHCOVE VFD (EIN 561427517) - 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

1972

Legal Domicile

Phone

8286526777

Tax Period

2024-07-01 to 2025-06-30

ASHFORD-NORTHCOVE VFD, founded in 1972, is a community nonprofit in the Public Safety sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $363K, a strong 34% operating margin.

Mission

TO PROVIDE FIRE PROTECTION TO THE ASHFORD NORTH COVE CMMUNITY OF MCDOWELL COUNTRY NORTH CAROLINA

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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 $1,078,084

Program Service Revenue $0

Investment Income $2,617

Other Revenue $0

TOTAL REVENUE $1,080,701

Expense Breakdown

Grants Paid $0

Salaries & Benefits $408,889

Fundraising Expenses $0

Program Expenses $717,338

Other Expenses $308,449

TOTAL EXPENSES $717,338

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,080,701	$765,547	+0.4%
Expenses	$717,338	$604,767	+0.2%
Net Income	$363,363	$160,780	+1.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD WASHBURN	CHIEF	40.00	Officer	$0	$0	$0
JAKE LEOPOLD	TREASURER	2.00	Officer	$0	$0	$0
MEGAN LEOPOLD	SECRETARY	1.00	Officer	$0	$0	$0
D J BARRIER	PRESIDENT	0.00	Officer	$0	$0	$0
HOWARD NORVILLE	VICE PRESIDENT	0.00	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	$1,080,701	$717,338	$1,773,634	$363,363

ASHFORD-NORTHCOVE VFD