EAST GASTON VOLUNTEER FIRE DEPARTMENT INC

EIN: 561751869 501(c)(3) Public Safety

MOUNT HOLLY, NC

Total Revenue
$677,865
Total Expenses
$650,318
Total Assets
$1,601,469
Net Assets
$1,147,942
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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
NC
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

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $0

ON CALL TO GENERAL PUBLIC TO PROVIDE FIRE SUPPRESSION AND FIRST RESPONSE TO ACCIDENTS FOR E. GASTON COMMUNITY AND OTHER ADJOING AREAS UNDER MUTUAL AID REQUEST.

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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%)

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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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
35

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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
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
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