NW VOLUNTEER FIRE RESCUE DEPT INC CO CHARLES HERZIG

EIN: 561821620 501(c)(3) Public Safety

LELAND, NC

Total Revenue
$1,138,501
Total Expenses
$1,057,696
Total Assets
$1,399,330
Net Assets
$-164,637
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
NC
Phone
9106552668
Tax Period
2024-07-01 to 2025-06-30

NW VOLUNTEER FIRE RESCUE DEPT INC CO CHARLES HERZIG, founded in 1966, is a community nonprofit in the Public Safety sector that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 7% surplus.

Mission

The objective of this organization shall be the Prevention, the Detection and the Suppression of Fires; the Preservation and Protection of Life and Property from and during such fires and other Emergencies as may occur in the N.W. Volunteer Fire/Rescue Department's district. It shall further be the objective of this organization to Disseminate Information and Implement such actions as shall reduce the possibilities of Fire and other Disasters, and to cooperate with all other Organizations having Life Objectives.

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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 $50
Program Service Revenue $1,128,761
Investment Income $9
Other Revenue $9,681
TOTAL REVENUE $1,138,501

Expense Breakdown

Grants Paid $0
Salaries & Benefits $392,539
Fundraising Expenses $995
Program Expenses $967,362
Other Expenses $665,157
TOTAL EXPENSES $1,057,696

Year-over-Year Comparison

2024 2023 Change
Revenue $1,138,501 $950,403 +0.2%
Expenses $1,057,696 $1,305,809 -0.2%
Net Income $80,805 $-355,406 -1.2%
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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Governance

Voting Members
11
Independent Members
N/A
Employees
10
Volunteers
30

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
7
$251,734
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES HERZIG FIRE CHIEF 60.00
Officer
$125,719 $0 $125,719
ASHTON POWERS FIRST CAPTAIN 47.00
Officer
$44,894 $0 $44,894
JUSTIN MCCOY SECOND CAPTAIN 38.00
Officer
$33,467 $0 $33,467
BILLY PRICE 1ST LIEUTENANT 35.00
Officer
$29,320 $0 $29,320
DON A HERZIG DEPUTY CHIEF 30.00
Officer
$18,334 $0 $18,334
NEIL POWERS Director 1.00
Director
$0 $0 $0
RON TURKEY Director 1.00
Director
$0 $0 $0
PAMELA GAMMONS Director 1.00
Director
$0 $0 $0
DAVID YANACEK Director 1.00
Director
$0 $0 $0
DAVID SELKE JR President 1.00
Officer Director
$0 $0 $0
CALVIN MITCHELL ASSISTANT CHIEF 4.00
Officer
$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 $1,138,501 $1,057,696 $1,399,330 $80,805
2024 $950,403 $1,301,941 $1,449,142 $-351,538
2023 $892,083 $902,107 $1,201,838 $-10,024
2022 $705,662 $713,102 $1,104,851 $-7,440
2021 $613,070 $552,585 $858,024 $60,485
2020 $562,090 $513,765 $861,780 $48,325
2019 $491,258 $480,035 $904,335 $11,223
2018 $384,454 $400,549 $950,200 $-16,095
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