Lake Toxaway Fire Rescue Inc (EIN 561533185) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1965

Legal Domicile

Principal Officer

Robert Cooper

Phone

8288843108

Tax Period

2023-07-01 to 2024-06-30

Lake Toxaway Fire Rescue Inc, founded in 1965, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $923K left a modest 13% surplus.

Mission

Fire protection of life and property in the Lake Toxway fire district of Transylvania County, NC including emergency first response services for the same area.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,020,769

Program Service Revenue $0

Investment Income $5,251

Other Revenue $30,500

TOTAL REVENUE $1,056,520

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $277,838

Fundraising Expenses $0

Program Expenses $885,203

Other Expenses $642,224

TOTAL EXPENSES $923,062

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,056,520	$1,117,638	-0.1%
Expenses	$923,062	$866,746	+0.1%
Net Income	$133,458	$250,892	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
Bruce Hutchinson	Board chair	1.00	Officer Director	$0	$0	$0
Larry Brown	Vice chair	1.00	Officer Director	$0	$0	$0
Dick Hall	Member	1.00	Director	$0	$0	$0
Mike Hinkle	Member	1.00	Director	$0	$0	$0
Rex Dillard	Member	1.00	Director	$0	$0	$0
Clayton Avirett	Member	1.00	Director	$0	$0	$0
Heidi Hayden	Member	1.00	Director	$0	$0	$0
Robert Cooper	CFO	10.00	Officer 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	$1,056,520	$923,062	$2,856,911	$133,458
2023	$1,117,638	$866,746	$2,939,440	$250,892
2022	$1,011,095	$922,627	$2,174,527	$88,468
2021	$993,768	$839,326	$2,312,846	$154,442
2020	$989,630	$872,998	$2,384,005	$116,632
2019	$941,566	$717,107	$2,512,843	$224,459

Lake Toxaway Fire Rescue Inc