FARMER VOLUNTEER FIRE DEPARTMENT INC (EIN 561805649) - 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

1969

Legal Domicile

Principal Officer

KEVIN KING

Phone

3368572626

Tax Period

2024-07-01 to 2025-06-30

FARMER VOLUNTEER FIRE DEPARTMENT INC, founded in 1969, is a small nonprofit in the Health Care sector that reported $567K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $189K, a strong 33% operating margin.

Mission

FARMER VOLUNTEER FIRE DEPARTMENTS MISSION IS TO PROVIDE FIRE AND RESCUE SERVICES TO PEOPLE RESIDING IN THE FARMER, NC COMMUNITY. THE DEPARTMENT RESPONDED TO 424 INCIDENTS IN THE YEAR ENDED JUNE 30, 2025.

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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 $51,889

Program Service Revenue $0

Investment Income $24,042

Other Revenue $490,878

TOTAL REVENUE $566,809

Expense Breakdown

Grants Paid $33,710

Salaries & Benefits $148,207

Fundraising Expenses $0

Program Expenses $336,664

Other Expenses $195,886

TOTAL EXPENSES $377,803

Year-over-Year Comparison

	2024	2023	Change
Revenue	$566,809	$504,803	+0.1%
Expenses	$377,803	$339,618	+0.1%
Net Income	$189,006	$165,185	+0.1%

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

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

$65,534

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACY BOYLES	FIRE CHIEF NON BOARD	044.00	Key Emp	$63,625	$1,909	$65,534
KEVIN KING	BOARD PRESIDENT	001.50	Officer Director	$0	$0	$0
MIKE KOEHLER	VICE PRESIDENT	001.00	Officer Director	$0	$0	$0
KENT ELLIOTT	SECRETARY	001.25	Officer Director	$0	$0	$0
STEVE NANCE	TREASURER	001.25	Officer Director	$0	$0	$0
BILL BURROW	DIRECTOR	001.00	Director	$0	$0	$0
STEVE HUGHES	DIRECTOR	001.00	Director	$0	$0	$0
WARREN BROWN	DIRECTOR	001.00	Director	$0	$0	$0
RONALD PIERCE	DIRECTOR	001.00	Director	$0	$0	$0
PAGE LOWE	DIRECTOR	001.00	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	$566,809	$377,803	$1,393,409	$189,006
2024	$504,803	$339,618	$843,710	$165,185
2023	$401,193	$274,412	$681,604	$126,781
2022	$316,617	$247,335	$552,506	$69,282
2021	$309,686	$213,044	$488,919	$96,642
2020	$246,223	$203,100	$411,130	$43,123
2019	$239,252	$203,376	$354,424	$35,876

FARMER VOLUNTEER FIRE DEPARTMENT INC