The Upper Hominy Volunteer Fire & Rescue Department (EIN 561645319) - 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

Shane Prestwood

Phone

8286671324

Tax Period

2024-07-01 to 2025-06-30

The Upper Hominy Volunteer Fire & Rescue Department, founded in 1959, is a community nonprofit in the Public Safety sector that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

To provide Fire and Rescue services for the Citizens of the Upper Hominy Fire District of Buncombe 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 $1,658,724

Program Service Revenue $16,926

Investment Income $1,711

Other Revenue $548

TOTAL REVENUE $1,677,909

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,218,115

Fundraising Expenses $0

Program Expenses $1,481,992

Other Expenses $517,676

TOTAL EXPENSES $1,735,791

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,677,909	$1,538,514	+0.1%
Expenses	$1,735,791	$1,712,931	+0.0%
Net Income	$-57,882	$-174,417	-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

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

$93,124

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shane Prestwood	Fire Chief	40.00	Officer	$75,245	$17,879	$93,124
David Livengood	Chairman	1.00	Officer Director	$0	$0	$0
Glenn Howell	Vice Chairman	1.00	Officer Director	$0	$0	$0
Elise Israel	Treasurer	1.00	Officer Director	$0	$0	$0
Brian Warren	Secretary	1.00	Officer Director	$0	$0	$0
Harold McCarson	Board Member	1.00	Director	$0	$0	$0
James Netherton	Board Member	1.00	Director	$0	$0	$0
Sara Howell	Board Member	1.00	Director	$0	$0	$0
Scott McJunkin	Board Member	1.00	Director	$0	$0	$0
Allen Rash	Board Member	1.00	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	$1,677,909	$1,735,791	$3,275,186	$-57,882
2024	$1,538,514	$1,712,931	$3,442,672	$-174,417
2023	$1,418,894	$1,642,306	$3,717,301	$-223,412
2022	$1,302,513	$1,377,178	$4,036,468	$-74,665
2021	$1,097,849	$1,213,464	$4,202,682	$-115,615
2020	$954,076	$1,114,028	$4,401,380	$-159,952
2019	$870,351	$940,105	$4,217,593	$-69,754
2018	$1,211,423	$820,271	$4,600,556	$391,152

The Upper Hominy Volunteer Fire & Rescue Department