WHITSETT FIRE DEPARTMENT INC

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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

1998

Legal Domicile

Phone

3364497811

Tax Period

2024-07-01 to 2025-06-30

WHITSETT FIRE DEPARTMENT INC, founded in 1998, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. The organization ran a surplus of $228K, a strong 15% operating margin.

Mission

Volunteer fire department

Program Service Accomplishments

Program 1

Expenses: $1,273,715 Revenue: $1,520,415

The Whitsett Fire Department, Inc. provides fire protection and emergency medical services to the residents of the Town of Whitsett and surrounding areas of Guilford County, 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 $1,456,261

Program Service Revenue $0

Investment Income $40,405

Other Revenue $23,749

TOTAL REVENUE $1,520,415

Expense Breakdown

Grants Paid $0

Salaries & Benefits $912,988

Fundraising Expenses $0

Program Expenses $1,273,715

Other Expenses $379,111

TOTAL EXPENSES $1,292,099

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,520,415	$1,435,029	+0.1%
Expenses	$1,292,099	$1,217,664	+0.1%
Net Income	$228,316	$217,365	+0.1%

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

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
ERIC BARBER	ASSISTANT TREASURER	2.00	Director	$0	$0	$0
GERALD CLAPP	PRESIDENTTREASURER	2.00	Officer Director	$0	$0	$0
MIKE BRADSHER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
STEVE FOSTER	DIRECTOR	2.00	Director	$0	$0	$0
ANNA HENDREN	SECRETARY	2.00	Officer Director	$0	$0	$0
BRAD WROBLEWSKI	DIRECTOR	2.00	Director	$0	$0	$0
JIM FOGLEMAN	DIRECTOR	2.00	Director	$0	$0	$0
LEE GREESON	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES G DEAL	FINANCE OFFICER	4.00	Key Emp	$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	$1,520,415	$1,292,099	$2,624,831	$228,316
2024	$1,435,029	$1,217,664	$2,438,553	$217,365
2023	$1,310,203	$1,150,635	$2,278,046	$159,568
2022	$1,133,330	$1,046,011	$2,176,022	$87,319
2021	$1,112,981	$1,035,385	$2,165,738	$77,596
2020	$951,334	$891,989	$2,138,467	$59,345
2019	$888,167	$835,515	$1,590,815	$52,652
2018	$845,866	$766,255	$1,557,263	$79,611