CABARRUS CO FIREMENS ASSOC INC

EIN: 561472883 501(c)(3)

CONCORD, NC

Total Revenue
$2,642
Total Expenses
$3,428
Total Assets
$1,718
Net Assets
$1,718
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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
1999
Legal Domicile
NC
Phone
7044369331
Tax Period
2024-01-01 to 2024-12-31

CABARRUS CO FIREMENS ASSOC INC, founded in 1999, is a micro nonprofit that reported $3K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $3K exceeded revenue, resulting in a 30% operating deficit.

Mission

COUNTY FIREHOUSE AND EDUC PROG

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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 $2,642
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,642

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,428
Other Expenses $3,428
TOTAL EXPENSES $3,428

Year-over-Year Comparison

2024 2023 Change
Revenue $2,642 $3,242 -0.2%
Expenses $3,428 $5,628 -0.4%
Net Income $-786 $-2,386 -0.7%
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
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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN GILL 2ND VP 5.00
Officer
$0 $0 $0
TIM SMITH PRESIDENT 5.00
Officer
$0 $0 $0
JIM PREDDY 1ST VP 5.00
Officer
$0 $0 $0
ALLEN BURNETTE SECRETARY 5.00
Officer
$0 $0 $0
MATTHEW FORD TREASURER 5.00
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
2024 $2,642 $3,428 $1,718 $-786
2023 $3,242 $5,628 $2,504 $-2,386
2022 $7,294 $3,556 $4,890 $3,738
2021 No data $9,083 $1,153 No data
2020 $3,410 $1,817 $5,533 $1,593
2018 $6,380 $3,129 $6,152 $3,251
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