SEVEN LAKES VOLUNTEER FIRE AND RESCUE INC (EIN 561603859) - 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

1985

Legal Domicile

Principal Officer

GREGG PATTERSON

Phone

9106738151

Tax Period

2023-07-01 to 2024-06-30

SEVEN LAKES VOLUNTEER FIRE AND RESCUE INC, founded in 1985, is a small nonprofit in the Public Safety sector that reported $440K in total revenue in fiscal year 2023. Expenses of $514K exceeded revenue, resulting in a 17% operating deficit.

Mission

FIRE PROTECTION AND EMERGENCY MEDICAL SERVICES FOR MOORE COUNTY, 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 (2023)

Revenue Breakdown

Contributions & Grants $370,761

Program Service Revenue $0

Investment Income $25,378

Other Revenue $43,879

TOTAL REVENUE $440,018

Expense Breakdown

Grants Paid $0

Salaries & Benefits $161,127

Fundraising Expenses $2,065

Program Expenses $410,695

Other Expenses $352,763

TOTAL EXPENSES $513,890

Year-over-Year Comparison

	2023	2022	Change
Revenue	$440,018	$460,648	0.0%
Expenses	$513,890	$479,971	+0.1%
Net Income	$-73,872	$-19,323	+2.8%

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

N/A

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

$135,451

Total Directors

$30,399

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLIE RICHARDSON	PRESIDENT & ASSISTANT CHIEF	10.00	Officer Director	$20,913	$0	$20,913
TJ BOUCHELLE	SECRETARY & CAPTAIN	10.00	Officer Director	$7,213	$0	$7,213
GREGG PATTERSON	TREASURER & LIEUTENANT	10.00	Officer Director	$1,786	$0	$1,786
GREG RYDER	CHAIRMAN	5.00	Director	$487	$0	$487
STACEY STAUFER	CITIZEN MEMBER	1.00	Director	$0	$0	$0
DAVID ALSTON	CHIEF	35.00	Officer	$74,354	$0	$74,354
EDDIE THOMAS	DIVISION CHIEF	5.00	Officer	$704	$0	$704
SLADE MUSICK	CAPTAIN	5.00	Officer	$0	$0	$0
LARRY KING	SAFETY OFFICER	5.00	Officer	$704	$0	$704
DAVID COUGHENOUR	SAFETY OFFICER	5.00	Officer	$704	$0	$704
CHRIS KING	DEPUTY CHIEF	5.00	Officer	$0	$0	$0
JOHN WARREN	LIEUTENANT	10.00	Officer	$23,660	$0	$23,660
AUSTIN MAJORS	LIEUTENANT	5.00	Officer	$5,413	$0	$5,413
MANVEL GARCIA	VICE PRESIDENT	10.00	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
2025	No data	No data	No data	No data
2024	$440,018	$513,890	$969,465	$-73,872
2023	$460,648	$479,971	$1,076,797	$-19,323
2022	$461,353	$401,669	$1,134,586	$59,684
2021	$387,285	$412,607	$857,882	$-25,322
2020	$327,724	$408,367	$913,691	$-80,643

SEVEN LAKES VOLUNTEER FIRE AND RESCUE INC