CHINQUAPIN VOLUNTEER FIRE AND RESCUE INC (EIN 561695514) - 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

1987

Legal Domicile

Principal Officer

WILLIAM PICKETT

Phone

9102853243

Tax Period

2024-01-01 to 2024-12-31

CHINQUAPIN VOLUNTEER FIRE AND RESCUE INC, founded in 1987, is a small nonprofit in the Public Safety sector that reported $222K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Net assets of $941K represent 51 months of operating reserves.

Mission

THE DEPARTMENT PROVIDES FIRE PROTECTION AND EMERGENCY RESPONSE SERVICES TO THE CHINQUAPIN AND SURROUNDING COMMUNITIES. THEIR MISSION IS TO PREVENT LOSS OF LIFE AND PROPERTY.

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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 $17,255

Program Service Revenue $194,045

Investment Income $1,466

Other Revenue $9,580

TOTAL REVENUE $222,346

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $199,157

Other Expenses $226,362

TOTAL EXPENSES $226,362

Year-over-Year Comparison

	2024	2023	Change
Revenue	$222,346	$270,249	-0.2%
Expenses	$226,362	$208,324	+0.1%
Net Income	$-4,016	$61,925	-1.1%

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

N/A

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
WILLIAM PICKETT	PRESIDENT	10.00	Officer Director	$0	$0	$0
SAM BROWN	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
MATTHEW CASEY	CAPTAIN/BOARD MEMBER	10.00	Director	$0	$0	$0
TAYLOR MESHAW	CAPTAIN/BOARD MEMBER	10.00	Director	$0	$0	$0
DAVID THIGPEN	LIEUTENANT/BOARD MEMBER	10.00	Director	$0	$0	$0
CAMERON MOBLEY	LIEUTENANT/BOARD MEMBER	10.00	Director	$0	$0	$0
JUSTIN BELL	LIEUTENANT/BOARD MEMBER	10.00	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
2024	$222,346	$226,362	$1,460,176	$-4,016
2023	$270,249	$208,324	$1,518,219	$61,925
2022	$720,969	$271,626	$1,496,403	$449,343
2021	$187,973	$153,646	$526,398	$34,327

CHINQUAPIN VOLUNTEER FIRE AND RESCUE INC