PATETOWN VOLUNTEER FIRE DEPT INC

EIN: 561461319

GOLDSBORO, NC

Total Revenue
$354,526
Total Expenses
$175,216
Total Assets
$1,707,311
Net Assets
$1,707,311
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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

Principal Officer
CHRIS TROGDON
Phone
9197355359
Tax Period
2024-07-01 to 2025-06-30

PATETOWN VOLUNTEER FIRE DEPT INC is a small nonprofit that reported $355K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $179K, a strong 51% operating margin.

Mission

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 $339,139
Program Service Revenue $0
Investment Income $0
Other Revenue $15,387
TOTAL REVENUE $354,526

Expense Breakdown

Grants Paid $0
Salaries & Benefits $640
Fundraising Expenses $0
Program Expenses $175,216
Other Expenses $174,576
TOTAL EXPENSES $175,216

Year-over-Year Comparison

2024 2023 Change
Revenue $354,526 $314,799 +0.1%
Expenses $175,216 $195,107 -0.1%
Net Income $179,310 $119,692 +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
5
Independent Members
5
Employees
N/A
Volunteers
35

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LYMAN PEADEN VICE PRESIDE N/A
Officer
$0 $0 $0
GREY PEELE SECRETARY N/A
Officer
$0 $0 $0
CHRIS TROGDON TREASURER N/A
Officer
$0 $0 $0
JASON WOLFE PRESIDENT 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 $354,526 $175,216 $1,707,311 $179,310
2024 $314,799 $195,107 $1,528,001 $119,692
2023 $374,612 $147,964 $1,408,309 $226,648
2022 $251,942 $137,816 $1,181,661 $114,126
2021 $235,855 $134,489 $1,067,535 $101,366
2020 $279,495 $142,421 $1,055,616 $137,074
2019 $223,486 $123,781 $829,095 $99,705
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