ALEXIS VOLUNTEER FIRE DEPARTMENT I… - Form 990 Financial Data

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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

1960

Legal Domicile

Principal Officer

BRAD PRESSWOOD

Phone

7042635810

Tax Period

2024-07-01 to 2025-06-30

ALEXIS VOLUNTEER FIRE DEPARTMENT INC, founded in 1960, is a community nonprofit in the Public Safety sector that reported $1.7M in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring. Net assets of $4.8M represent 34 months of operating reserves.

Mission

TO PROVIDE FIRE PROTECTION AND EMERGENCY SERVICES TO THE GASTON AND LINCOLN COUNTY RESIDENTS

Program Service Accomplishments

Program 1

Expenses: $1,692,124 Revenue: $1,674,931

To Fight Fires and respond to emergencies in Gaston and Lincoln Counties in 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 $1,593,896

Program Service Revenue $0

Investment Income $80,768

Other Revenue $267

TOTAL REVENUE $1,674,931

Expense Breakdown

Grants Paid $0

Salaries & Benefits $902,792

Fundraising Expenses $0

Program Expenses $1,692,124

Other Expenses $789,332

TOTAL EXPENSES $1,692,124

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,674,931	$4,332,032	-0.6%
Expenses	$1,692,124	$958,877	+0.8%
Net Income	$-17,193	$3,373,155	-1.0%

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

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
RONALD SADLER	PRESIDENT	2.00	Officer	$0	$0	$0
ALLEN ROBINSON	VICE PRESIDENT	2.00	Officer	$0	$0	$0
DUSTIN FORD	DIRECTOR	1.00	Director	$0	$0	$0
LARRY MCGINNIS	DIRECTOR	1.00	Director	$0	$0	$0
JAY SADLER	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY MILLSAPS	SECRETARY	2.00	Officer	$0	$0	$0
BRAD PRESSWOOD	CHIEF OPERATING OFFICER/ FIRE CHIEF	2.00	Key Emp	$0	$0	$0
TIMOTHY STROUPE	DIRECTOR	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	$1,674,931	$1,692,124	$5,747,196	$-17,193
2024	$4,332,032	$958,877	$5,926,840	$3,373,155
2023	$873,208	$769,064	$2,890,976	$104,144
2022	$819,950	$653,904	$3,028,440	$166,046
2021	$837,406	$772,902	$3,072,805	$64,504
2020	$889,083	$842,446	$3,224,418	$46,637

ALEXIS VOLUNTEER FIRE DEPARTMENT INC