TAR HEEL RURAL VOLUNTEER FIRE DEPT INC (EIN 561903552) - 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

1976

Legal Domicile

Principal Officer

ADAM RUSS

Phone

9108622708

Tax Period

2023-07-01 to 2024-06-30

TAR HEEL RURAL VOLUNTEER FIRE DEPT INC, founded in 1976, is a small nonprofit in the Public Safety sector that reported $968K in total revenue in fiscal year 2023. Revenue surged 149% from the prior year, signaling strong growth momentum. The organization ran a surplus of $551K, a strong 57% operating margin.

Mission

PROVIDE FIRE AND RESCUE PROTECTION IN THE TAR HEEL AREA OF BLADEN COUNTY, NORTH CAROLINA

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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 (2023)

Revenue Breakdown

Contributions & Grants $521,006

Program Service Revenue $424,519

Investment Income $7,098

Other Revenue $15,165

TOTAL REVENUE $967,788

Expense Breakdown

Grants Paid $0

Salaries & Benefits $130,800

Fundraising Expenses $0

Program Expenses $417,227

Other Expenses $286,427

TOTAL EXPENSES $417,227

Year-over-Year Comparison

	2023	2022	Change
Revenue	$967,788	$388,924	+1.5%
Expenses	$417,227	$292,157	+0.4%
Net Income	$550,561	$96,767	+4.7%

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

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
ADAM RUSS	CHAIRMAN	10.00	Officer Director	$0	$0	$0
PATRICIA SAKEL	TREASURER	10.00	Officer Director	$0	$0	$0
JACKIE SINGLETARY	VICE CHAIR	10.00	Officer 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	No data	No data	No data	No data
2024	$967,788	$417,227	$1,410,678	$550,561
2023	$788,162	$294,103	$858,126	$494,059
2022	$431,493	$256,009	$760,491	$175,484
2021	$278,646	$250,007	$579,349	$28,639
2020	$246,180	$205,290	$610,877	$40,890
2019	$146,723	$109,532	$603,227	$37,191
2018	$156,971	$97,361	$606,791	$59,610

TAR HEEL RURAL VOLUNTEER FIRE DEPT INC