CAROLINA VOLUNTEER FIRE DEPARTMENT (EIN 561932984) - 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

1956

Legal Domicile

Principal Officer

TODD PASSONS

Phone

7045430047

Tax Period

2024-07-01 to 2025-06-30

CAROLINA VOLUNTEER FIRE DEPARTMENT, founded in 1956, is a community nonprofit in the Public Safety sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $1.2M left a modest 5% surplus.

Mission

TO PRESERVE LIFE AND PROPERTY THROUGH RAPID EMERGENCY RESPONSE, CODE ENFORCEMENT, EDUCATION AND PLANNING.

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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 $1,272,281

Program Service Revenue $0

Investment Income $33,251

Other Revenue $0

TOTAL REVENUE $1,305,532

Expense Breakdown

Grants Paid $0

Salaries & Benefits $929,435

Fundraising Expenses $0

Program Expenses $1,208,028

Other Expenses $307,579

TOTAL EXPENSES $1,237,014

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,305,532	$1,089,492	+0.2%
Expenses	$1,237,014	$1,076,843	+0.1%
Net Income	$68,518	$12,649	+4.4%

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

$33,819

Total Directors

$52,432

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD PASSONS	TREASURER	15.00	Officer Director	$33,819	$0	$33,819
MIKE MONAGHAN	SECRETARY	10.00	Director	$18,613	$0	$18,613
TIM CRAFTS	BOARD MEMBER	10.00	Director	$0	$0	$0
GREG GATLIN	PRESIDENT	10.00	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	$1,305,532	$1,237,014	$792,919	$68,518
2024	$1,089,492	$1,076,843	$771,239	$12,649
2023	$898,102	$829,604	$617,325	$68,498
2022	$722,235	$591,231	$668,334	$131,004
2021	$586,779	$611,675	$676,929	$-24,896
2020	$401,105	$479,969	$725,087	$-78,864
2019	$461,406	$459,348	$851,157	$2,058
2018	$327,990	$536,865	$884,107	$-208,875

CAROLINA VOLUNTEER FIRE DEPARTMENT