EAST SIDE VOLUNTEER FIRE PROTECTION ASSOCIATION INC (EIN 562182838) - 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

1968

Legal Domicile

Principal Officer

DAVID CREASON

Phone

3366256027

Tax Period

2024-07-01 to 2025-06-30

EAST SIDE VOLUNTEER FIRE PROTECTION ASSOCIATION INC, founded in 1968, is a community nonprofit in the Public Safety sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.2M left a modest 6% surplus.

Mission

PROVIDE FIRE AND RESCUE SERVICES TO RURAL RANDOLPH 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 (2024)

Revenue Breakdown

Contributions & Grants $55,781

Program Service Revenue $0

Investment Income $2,452

Other Revenue $1,240,625

TOTAL REVENUE $1,298,858

Expense Breakdown

Grants Paid $0

Salaries & Benefits $658,945

Fundraising Expenses $0

Program Expenses $1,189,530

Other Expenses $564,593

TOTAL EXPENSES $1,223,538

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,298,858	$1,168,690	+0.1%
Expenses	$1,223,538	$958,976	+0.3%
Net Income	$75,320	$209,714	-0.6%

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

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

$76,396

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC HOFFMAN	FIRE CHIEF	40.00	Officer	$68,756	$7,640	$76,396
DAVID CREASON	PRESIDENT	1.00	Director	$0	$0	$0
MIKE HODGES	VICE-PRESIDE	1.00	Director	$0	$0	$0
JAMES MORAN	TREASURER	1.00	Director	$0	$0	$0
LARRY RICH	SECRETARY	1.00	Director	$0	$0	$0
CHIP DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
JW CAGLE	BOARD MEMBER	1.00	Director	$0	$0	$0
JIMMY PELL	BOARD MEMBER	1.00	Director	$0	$0	$0
RALPH SHERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY NEEDHAM	BOARD MEMBER	1.00	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	$1,298,858	$1,223,538	$1,935,144	$75,320
2024	$1,168,690	$958,976	$1,649,468	$209,714
2023	$879,161	$1,010,471	$1,446,353	$-131,310
2022	$941,972	$847,826	$4,554,890	$94,146
2021	$911,234	$932,613	$4,505,844	$-21,379

EAST SIDE VOLUNTEER FIRE PROTECTION ASSOCIATION INC