Lake Logan-Cecil Volunteer Fire Department Inc (EIN 561749485) - 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

1991

Legal Domicile

Principal Officer

Craig Escude'

Phone

8286484406

Tax Period

2024-07-01 to 2025-06-30

Lake Logan-Cecil Volunteer Fire Department Inc, founded in 1991, is a small nonprofit that reported $544K in total revenue in fiscal year 2024. Revenue surged 127% from the prior year, signaling strong growth momentum. The organization ran a surplus of $214K, a strong 39% operating margin.

Mission

Provide fire protection and first responder services to the Lake Logan community of Haywood 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 $229,189

Program Service Revenue $0

Investment Income $4,856

Other Revenue $309,701

TOTAL REVENUE $543,746

Expense Breakdown

Grants Paid $0

Salaries & Benefits $620

Fundraising Expenses $0

Program Expenses $309,649

Other Expenses $329,405

TOTAL EXPENSES $330,025

Year-over-Year Comparison

	2024	2023	Change
Revenue	$543,746	$239,441	+1.3%
Expenses	$330,025	$286,835	+0.2%
Net Income	$213,721	$-47,394	-5.5%

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

$2,820

Total Directors

$2,820

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Craig Escude'	Chair	5.00	Officer Director	$0	$0	$0
Chad Plemmons	Fire Chief	5.00	Director	$0	$0	$0
Natalie Allen	Treasurer	5.00	Officer	$0	$0	$0
Jane Hannah	Secretary	5.00	Officer Director	$2,820	$0	$2,820
Cameron Brown	Board Trustee	5.00	Director	$0	$0	$0
Walter Lee	Board Trustee	5.00	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	$543,746	$330,025	$784,270	$213,721
2024	$239,441	$286,835	$588,952	$-47,394
2023	$462,489	$301,798	$654,108	$160,691
2022	$126,304	$213,156	$510,424	$-86,852
2021	$198,932	$224,733	$613,613	$-25,801
2020	$164,878	$201,433	$664,086	$-36,555
2019	$177,272	$162,015	$567,358	$15,257
2018	$179,808	$167,158	$552,101	$12,650

Lake Logan-Cecil Volunteer Fire Department Inc