GRAY'S CREEK VOLUNTEER FIRE DEPT #24 (EIN 561791264) - 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

1992

Legal Domicile

Principal Officer

WAYNE SHERRILL

Phone

9104831816

Tax Period

2024-07-01 to 2025-06-30

GRAY'S CREEK VOLUNTEER FIRE DEPT #24, founded in 1992, is a small nonprofit in the Public Safety sector that reported $682K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year.

Mission

GRAY'S CREEK VOLUNTEER FIRE DEPARTMENT #24 IS DEDICATED TO PRESERVING LIFE AND PROPERTY, PROMOTING PUBLIC SAFETY, AND PROVIDING THE HIGHEST QUALITY OF EMERGENCY RESPONSE. OUR MISSION SHALL BE CARRIED OUT THROUGH TRANING, DEDICATION, PUBLIC EDUCATION AND A STRONG COMMUNITY PRESENCE.

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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 $0

Program Service Revenue $679,717

Investment Income $309

Other Revenue $1,856

TOTAL REVENUE $681,882

Expense Breakdown

Grants Paid $0

Salaries & Benefits $350,145

Fundraising Expenses $0

Program Expenses $684,998

Other Expenses $334,853

TOTAL EXPENSES $684,998

Year-over-Year Comparison

	2024	2023	Change
Revenue	$681,882	$807,187	-0.2%
Expenses	$684,998	$661,532	+0.0%
Net Income	$-3,116	$145,655	-1.0%

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

N/A

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
VANCE TYSON	PRESIDENT	5.00	Director	$0	$0	$0
JOHNNIE DEW	VICE PRESIDENT	5.00	Director	$0	$0	$0
GLYNDETTA HUBBARD	SECRETARY	5.00	Director	$0	$0	$0
WAYNE SHERRILL	TREASURER	5.00	Director	$0	$0	$0
BRIAN ODOM	BOARD MEMBER	5.00	Director	$0	$0	$0
JENNINGS MCARTHUR	BOARD MEMBER	5.00	Director	$0	$0	$0
KENNETH BLEDSOE	BOARD MEMBER	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	$681,882	$684,998	$1,100,500	$-3,116
2023	$699,915	$625,859	$794,020	$74,056
2022	$576,281	$548,470	$720,455	$27,811
2021	$580,519	$535,354	$691,177	$45,165
2020	$549,452	$511,651	$646,743	$37,801
2019	$431,436	$472,217	$608,047	$-40,781

GRAY'S CREEK VOLUNTEER FIRE DEPT #24