FARMER VOLUNTEER FIRE DEPARTMENT INC

EIN: 561805649 501(c)(3) Health Care

Denton, NC

Total Revenue
$566,809
Total Expenses
$377,803
Total Assets
$1,393,409
Net Assets
$1,030,740
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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
NC
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 THE PEOPLE RESIDING IN THE FARMER, NC COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $336,664

FARMER VOLUNTEER FIRE DEPARTMENT RESPONDED TO 424 INCIDENTS IN 24-25 INCLUDING THE FOLLOWING CALLS 222 MEDICAL, 78 SERVICE CALLS, 43 VEHICLE ACCIDENTS, 8 VEHICLE FIRES,13 BRUSH/WOOD FIRES, 41 FALSE...

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FARMER VOLUNTEER FIRE DEPARTMENT RESPONDED TO 424 INCIDENTS IN 24-25 INCLUDING THE FOLLOWING CALLS 222 MEDICAL, 78 SERVICE CALLS, 43 VEHICLE ACCIDENTS, 8 VEHICLE FIRES,13 BRUSH/WOOD FIRES, 41 FALSE ALARMS, 1 RESCUE AND 16 STRUCTURE FIRES.

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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 (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

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Governance

Voting Members
9
Independent Members
9
Employees
9
Volunteers
20

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
9
$0
Key Employees
1
$65,534
Highest Compensated
0
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
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