Triangle Volunteer Fire Department (EIN 561945679) - 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

2001

Legal Domicile

Principal Officer

Steven Jennings

Phone

2527455645

Tax Period

2024-07-01 to 2025-06-30

Triangle Volunteer Fire Department, founded in 2001, is a small nonprofit in the Public Safety sector that reported $277K in total revenue in fiscal year 2024. Expenses of $323K exceeded revenue, resulting in a 17% operating deficit.

Mission

To provide First Responder and Fire Department Services for Pamlico County NC

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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 $267,913

Program Service Revenue $0

Investment Income $6,515

Other Revenue $2,558

TOTAL REVENUE $276,986

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $315,604

Other Expenses $323,054

TOTAL EXPENSES $323,054

Year-over-Year Comparison

	2024	2023	Change
Revenue	$276,986	$259,689	+0.1%
Expenses	$323,054	$307,999	+0.0%
Net Income	$-46,068	$-48,310	0.0%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Philip Nanney	Board Member	5.00	Director	$0	$0	$0
Steven Jennings	President/Chief	15.00	Officer	$0	$0	$0
Woody Spruill	Vice President	5.00	Officer	$0	$0	$0
Amber Harper	Secretary	5.00	Officer	$0	$0	$0
Linda Mclean	Treasurer	10.00	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	$276,986	$323,054	$2,184,451	$-46,068
2024	$259,689	$307,999	$2,267,769	$-48,310
2023	No data	No data	No data	No data
2022	$755,617	$191,274	$1,639,942	$564,343
2020	$148,946	$143,983	$1,076,569	$4,963

Triangle Volunteer Fire Department