Northeast Cabarrus Volunteer Fire Department & Community Center Inc (EIN 561635639) - 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

1975

Legal Domicile

Phone

7047969647

Tax Period

2024-07-01 to 2025-06-30

Northeast Cabarrus Volunteer Fire Department & Community Center Inc, founded in 1975, is a small nonprofit in the Public Safety sector that reported $426K in total revenue in fiscal year 2024. Expenses of $484K exceeded revenue, resulting in a 14% operating deficit.

Mission

Northeast Cabarrus Volunteer Fire Deapartment is a Non-Profit Organization formed for the purpose of fighting fires in northeast Cabarrus County, NC

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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 $404,038

Program Service Revenue $0

Investment Income $-2,943

Other Revenue $25,098

TOTAL REVENUE $426,193

Expense Breakdown

Grants Paid $0

Salaries & Benefits $210,989

Fundraising Expenses $0

Program Expenses $435,803

Other Expenses $273,236

TOTAL EXPENSES $484,225

Year-over-Year Comparison

	2024	2023	Change
Revenue	$426,193	$404,621	+0.1%
Expenses	$484,225	$491,869	0.0%
Net Income	$-58,032	$-87,248	-0.3%

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
Shawn Pike	President	10.00	Officer Director	$0	$0	$0
Frank Paul	Vice President	5.00	Officer Director	$0	$0	$0
Betsy Culp	Secretary	5.00	Officer Director	$0	$0	$0
Tom Earnhardt	Director	2.00	Director	$0	$0	$0
James Isenhour	Director	2.00	Director	$0	$0	$0
Steve Merithew	Director	2.00	Director	$0	$0	$0
Jeff Taylor	Director	2.00	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	$426,193	$484,225	$577,655	$-58,032
2024	$404,621	$491,869	$654,308	$-87,248
2022	$309,521	$405,181	$883,270	$-95,660
2021	$302,180	$301,113	$804,463	$1,067
2020	$239,524	$221,799	$902,087	$17,725
2019	$241,948	$244,048	$972,884	$-2,100
2018	$272,208	$256,991	$1,036,672	$15,217

Northeast Cabarrus Volunteer Fire Department & Community Center Inc