CULLOWHEE VOLUNTEER FIRE DEPARTMENT (EIN 561431045) - 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

1981

Legal Domicile

Principal Officer

RICHARD FRADY

Phone

8282935867

Tax Period

2023-07-01 to 2024-06-30

CULLOWHEE VOLUNTEER FIRE DEPARTMENT, founded in 1981, is a community nonprofit in the Public Safety sector that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $621K, a strong 29% operating margin.

Mission

TO PROVIDE A BROAD CONTINUUM OF VOLUNTEER FIRE DEPARTMENT AND FIRE PROTECTION SERVICES TO THE RESIDENTS OF THE GREATER CULLOWHEE AND JACKSON COUNTY AREA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,123,910

Program Service Revenue $0

Investment Income $10,856

Other Revenue $29,704

TOTAL REVENUE $2,164,470

Expense Breakdown

Grants Paid $0

Salaries & Benefits $628,947

Fundraising Expenses $4,868

Program Expenses $1,479,764

Other Expenses $909,998

TOTAL EXPENSES $1,543,813

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,164,470	$1,469,264	+0.5%
Expenses	$1,543,813	$1,448,977	+0.1%
Net Income	$620,657	$20,287	+29.6%

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

$192

Total Directors

$192

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAVEN CONNER	SECRETARY	2.00	Officer Director	$192	$0	$192
TERRY ASHE	TREASURER	2.00	Officer Director	$0	$0	$0
MIKE ENSLEY	MEMBER AT LA	1.00	Director	$0	$0	$0
RICHARD FRADY	CHAIRMAN	2.00	Officer Director	$0	$0	$0
TIM GRINDSTAFF	MEMBER AT LA	1.00	Director	$0	$0	$0
RUSSELL MESSER	MEMBER AT LA	1.00	Director	$0	$0	$0
LENN WLKES	MEMBER AT LA	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	No data	No data	No data	No data
2024	$2,164,470	$1,543,813	$6,208,694	$620,657
2023	$1,469,264	$1,448,977	$5,716,106	$20,287
2022	$1,301,981	$1,143,174	$5,771,439	$158,807
2021	$575,340	$548,371	$5,821,307	$26,969
2020	$529,427	$541,885	$2,156,120	$-12,458
2019	$473,183	$428,600	$2,203,239	$44,583
2018	$347,137	$362,211	$1,947,807	$-15,074

CULLOWHEE VOLUNTEER FIRE DEPARTMENT