EAST GASTON VOLUNTEER FIRE DEPARTMENT INC (EIN 561751869) - 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

1973

Legal Domicile

Principal Officer

James Jonas

Phone

7048278861

Tax Period

2023-07-01 to 2024-06-30

EAST GASTON VOLUNTEER FIRE DEPARTMENT INC, founded in 1973, is a small nonprofit in the Public Safety sector that reported $678K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $650K left a modest 4% surplus.

Mission

TO PROVIDE FIRE SUPPRESSION, RESCUE, AND EMERGENCY SERVICES AND TO ACQUIRE AND OWN THE ASSETS FOR USE BY THE CORPORATION IN PROTECTION OF PERSONS 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 (2023)

Revenue Breakdown

Contributions & Grants $677,807

Program Service Revenue $0

Investment Income $58

Other Revenue $0

TOTAL REVENUE $677,865

Expense Breakdown

Grants Paid $0

Salaries & Benefits $226,208

Fundraising Expenses $0

Program Expenses $0

Other Expenses $424,110

TOTAL EXPENSES $650,318

Year-over-Year Comparison

	2023	2022	Change
Revenue	$677,865	$619,159	+0.1%
Expenses	$650,318	$434,700	+0.5%
Net Income	$27,547	$184,459	-0.9%

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
BILL MELTON	VICE PRESIDENT	0.75	Officer	$0	$0	$0
JAMES JONAS	PRESIDENT	0.75	Officer	$0	$0	$0
WILLIAM LEE	MEMBER	0.75	Director	$0	$0	$0
JOSHUA BROWN	TREASURER	1.50	Officer	$0	$0	$0
RICHARD FLOWERS	MEMBER	0.75	Director	$0	$0	$0
JONATHAN JONAS	SECRETARY	0.75	Officer	$0	$0	$0
JEFF HOVIS	MEMBER	0.75	Director	$0	$0	$0
LES FRADY	MEMBER	0.75	Director	$0	$0	$0
JACOB HOVIS	MEMBER	0.75		$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	$677,865	$650,318	$1,601,469	$27,547
2023	$619,159	$434,700	$1,930,415	$184,459
2022	$515,319	$564,815	$1,819,838	$-49,496
2021	$399,067	$520,422	$2,039,708	$-121,355
2020	$382,854	$634,026	$2,331,463	$-251,172
2019	$402,644	$894,585	$2,743,707	$-491,941
2018	$397,620	$724,751	$3,388,926	$-327,131

EAST GASTON VOLUNTEER FIRE DEPARTMENT INC