FAIRMONT RURAL FIRE DEPARTMENT

EIN: 562557166 501(c)(3) Public Safety

FAIRMONT, NC

Total Revenue
$388,574
Total Expenses
$422,770
Total Assets
$1,632,028
Net Assets
$229,369
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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
1958
Legal Domicile
NC
Principal Officer
NAKAIYA HUNT
Phone
9106284211
Tax Period
2023-07-01 to 2024-06-30

FAIRMONT RURAL FIRE DEPARTMENT, founded in 1958, is a small nonprofit in the Public Safety sector that reported $389K in total revenue in fiscal year 2023.

Mission

TRADITIONAL FIRE SUPPRESSION AND PREVENTION

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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 (2023)

Revenue Breakdown

Contributions & Grants $36,435
Program Service Revenue $352,137
Investment Income $2
Other Revenue $0
TOTAL REVENUE $388,574

Expense Breakdown

Grants Paid $0
Salaries & Benefits $16,278
Fundraising Expenses $0
Program Expenses $409,119
Other Expenses $406,492
TOTAL EXPENSES $422,770

Year-over-Year Comparison

2023 2022 Change
Revenue $388,574 $398,762 0.0%
Expenses $422,770 $330,453 +0.3%
Net Income $-34,196 $68,309 -1.5%
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

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Governance

Voting Members
7
Independent Members
7
Employees
6
Volunteers
15

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
0
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSHUA JACOBS PRESIDENT 4.00
Director
$0 $0 $0
LEON JACOBS MEMBER 4.00
Director
$0 $0 $0
NAKAIYA HUNT SECRETARY/TREASURER 2.00
Director
$0 $0 $0
DARLEEN STRICKLAND MEMBER 2.00
Director
$0 $0 $0
TERRY GIBSON MEMBER 2.00
Director
$0 $0 $0
TONY EDWARDS MEMBER 2.00
Director
$0 $0 $0
MICHAEL CAULDER MEMBER 2.00
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 No data No data No data No data
2024 $388,574 $422,770 $1,632,028 $-34,196
2023 $398,762 $330,453 $1,571,340 $68,309
2022 $338,910 $305,296 $1,515,094 $33,614
2021 $239,665 $233,772 $1,076,298 $5,893
2019 $241,753 $245,864 $910,456 $-4,111
2018 $254,891 $266,339 $947,819 $-11,448
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