BILLS CREEK VOLUNTEER FIRE DEPARTMENT (EIN 561740867) - 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

1970

Legal Domicile

Principal Officer

LOUIS WELGE

Tax Period

2023-07-01 to 2024-06-30

BILLS CREEK VOLUNTEER FIRE DEPARTMENT, founded in 1970, is a community nonprofit in the Public Safety sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 132% from the prior year, signaling strong growth momentum.

Mission

PROVIDE FIRE AND RESCUE SERVICES IN THE LAKE LURE AND BILLS CREEK AREA OF RUTHERFORD 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 (2023)

Revenue Breakdown

Contributions & Grants $1,115,050

Program Service Revenue $0

Investment Income $4,848

Other Revenue $0

TOTAL REVENUE $1,119,898

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,773

Fundraising Expenses $0

Program Expenses $1,187,602

Other Expenses $1,159,829

TOTAL EXPENSES $1,187,602

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,119,898	$482,533	+1.3%
Expenses	$1,187,602	$373,883	+2.2%
Net Income	$-67,704	$108,650	-1.6%

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
LOU TAFFALATTI	TREASURER	5.00	Officer Director	$0	$0	$0
GARY MONTGOMERY	VICE CHAIRMAN	3.00	Officer Director	$0	$0	$0
LOUIS WELGE	CHAIRMAN	3.00	Officer Director	$0	$0	$0
BARBARA WELGE	SECRETARY	3.00	Officer 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	No data	No data	No data	No data
2024	$1,119,898	$1,187,602	$959,491	$-67,704
2023	$482,533	$373,883	$1,027,195	$108,650
2022	$545,956	$471,167	$918,545	$74,789
2021	$402,638	$264,883	$843,756	$137,755
2020	$453,185	$586,271	$706,001	$-133,086
2019	$355,828	$510,648	$839,087	$-154,820

BILLS CREEK VOLUNTEER FIRE DEPARTMENT