COMMUNITY VOLUNTEER FIRE DEPARTMENT INC

EIN: 561628825 501(c)(3) Public Safety

BELMONT, NC

Total Revenue
$978,457
Total Expenses
$1,085,640
Total Assets
$2,664,721
Net Assets
$818,908
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1956
Legal Domicile
NC
Principal Officer
ROBERT JACKSON
Phone
7048130848
Tax Period
2024-07-01 to 2025-06-30

COMMUNITY VOLUNTEER FIRE DEPARTMENT INC, founded in 1956, is a small nonprofit in the Public Safety sector that reported $978K in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 11% operating deficit.

Mission

To provide fire, rescue, medical and other emergency services for use by the corporation in the protection of persons and property from injury and loss damage or distruction by fire and other emergencies.

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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 $1,013,179
Program Service Revenue $0
Investment Income $-34,722
Other Revenue $0
TOTAL REVENUE $978,457

Expense Breakdown

Grants Paid $0
Salaries & Benefits $464,737
Fundraising Expenses $0
Program Expenses $0
Other Expenses $620,903
TOTAL EXPENSES $1,085,640

Year-over-Year Comparison

2024 2023 Change
Revenue $978,457 $644,616 +0.5%
Expenses $1,085,640 $990,448 +0.1%
Net Income $-107,183 $-345,832 -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
7
Independent Members
6
Employees
25
Volunteers
15

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
4
$29,732
Total Directors
3
$0
Key Employees
1
$29,732
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE HONBAIER PRESIDENT 1.00
Officer
$0 $0 $0
TRACY JACKSON SECRETARY/TREASURER 5.00
Officer
$0 $0 $0
TIM CLANTON VICE PRESIDENT 1.00
Officer
$0 $0 $0
RICHARD HARRIS MEMBER 1.00
Director
$0 $0 $0
BOBBY TREECE MEMBER 1.00
Director
$0 $0 $0
BLAKE BUCHANAN MEMBER 1.00
Director
$0 $0 $0
ROBERT JACKSON CHIEF/COO 20.00
Officer Key Emp
$29,732 $0 $29,732
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 $978,457 $1,085,640 $2,664,721 $-107,183
2024 $644,616 $990,448 $2,897,743 $-345,832
2023 $839,657 $1,425,072 $2,503,595 $-585,415
2022 $512,437 $730,730 $3,130,230 $-218,293
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