CORDOVA FIRE AND RESCUE INC

EIN: 566047540

CORDOVA, NC

Total Revenue
$277,416
Total Expenses
$487,270
Total Assets
$689,594
Net Assets
$-44,264
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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
NC
Tax Period
2024-07-01 to 2025-06-30

CORDOVA FIRE AND RESCUE INC, founded in 1956, is a small nonprofit that reported $277K in total revenue in fiscal year 2024. Expenses of $487K exceeded revenue, resulting in a 76% operating deficit.

Mission

FIRE FIGHTING

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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 (2024)

Revenue Breakdown

Contributions & Grants $30,050
Program Service Revenue $232,842
Investment Income $68
Other Revenue $14,456
TOTAL REVENUE $277,416

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $420,636
Other Expenses $487,270
TOTAL EXPENSES $487,270

Year-over-Year Comparison

2024 2023 Change
Revenue $277,416 $272,961 +0.0%
Expenses $487,270 $330,164 +0.5%
Net Income $-209,854 $-57,203 +2.7%
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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
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
4
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSH PARKS TREASURER 5.00
Officer Director
$0 $0 $0
CLAUDE REEDY CHAIRMAN 5.00
Officer
$0 $0 $0
BILLY THOMPSON VICE PRESIDENT 5.00
Officer
$0 $0 $0
WILLIAM SMITH SECRETARY 5.00
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 $277,416 $487,270 $689,594 $-209,854
2024 $272,961 $330,164 $417,207 $-57,203
2023 $416,761 $386,828 $365,790 $29,933
2022 $232,815 $299,386 $424,995 $-66,571
2021 $208,829 $241,266 $510,404 $-32,437
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