WEST YADKIN VOLUNTEER FIRE DEPARTMENT INC (EIN 561585495) - Form 990 Financial Analysis & Trantor Score

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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

1959

Legal Domicile

Principal Officer

NORENE VANHOY

Phone

3364682844

Tax Period

2024-07-01 to 2025-06-30

WEST YADKIN VOLUNTEER FIRE DEPARTMENT INC, founded in 1959, is a small nonprofit that reported $374K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $441K exceeded revenue, resulting in a 18% operating deficit.

Mission

FIREFIGHTING AND FIRE PREVENTION

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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 $19,047

Program Service Revenue $0

Investment Income $1,387

Other Revenue $353,786

TOTAL REVENUE $374,220

Expense Breakdown

Grants Paid $0

Salaries & Benefits $57,962

Fundraising Expenses $0

Program Expenses $441,410

Other Expenses $383,448

TOTAL EXPENSES $441,410

Year-over-Year Comparison

	2024	2023	Change
Revenue	$374,220	$446,562	-0.2%
Expenses	$441,410	$398,979	+0.1%
Net Income	$-67,190	$47,583	-2.4%

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

$20,640

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
CHRIS MESSICK	FIRE CHIEF	Officer	$16,890	$0	$16,890
DOUG GROCE	BOARD MEMBER	Director	$0	$0	$0
GARY GROCE	BOARD MEMBER	Director	$0	$0	$0
ROCKY HAUSER	BOARD MEMBER	Director	$0	$0	$0
DAMON LONG	BOARD SECRETARY	Officer Director	$0	$0	$0
KENNETH REAVIS	BOARD TREASURER	Officer Director	$0	$0	$0
JOEY SHOEMAKER	BOARD MEMBER	Director	$0	$0	$0
RICKY SNOW	BOARD VICE PRESIDENT	Officer Director	$0	$0	$0
DAVID VESTAL	BOARD PRESIDENT	Officer Director	$0	$0	$0
NORENE VANHOY	FINANCIAL OFFICER	Officer	$3,750	$0	$3,750

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	$374,220	$441,410	$1,558,723	$-67,190
2024	No data	No data	No data	No data
2023	$409,390	$419,595	$1,646,185	$-10,205
2022	$208,475	$376,513	$1,024,972	$-168,038
2021	$326,166	$302,916	$1,339,706	$23,250
2020	$341,978	$306,916	$1,357,556	$35,062
2019	$343,956	$270,527	$1,362,522	$73,429

WEST YADKIN VOLUNTEER FIRE DEPARTMENT INC