Charlotte Firefighters Association Inc (EIN 566061322) - 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

1965

Legal Domicile

Principal Officer

Donna D Blackmon

Phone

7043319515

Tax Period

2024-01-01 to 2024-12-31

Charlotte Firefighters Association Inc, founded in 1965, is a small nonprofit that reported $260K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $230K left a modest 11% surplus.

Mission

Firefighters Local 660 mission is to provide support services to its members and serve in an outreach function in the community by providing safety demonstrations and supporting other non-profits.

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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 $259,758

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $259,758

Expense Breakdown

Grants Paid $2,350

Salaries & Benefits $34,461

Fundraising Expenses $0

Program Expenses $139,041

Other Expenses $176,325

TOTAL EXPENSES $229,896

Year-over-Year Comparison

	2024	2023	Change
Revenue	$259,758	$315,347	-0.2%
Expenses	$229,896	$273,232	-0.2%
Net Income	$29,862	$42,115	-0.3%

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

677

Independent Members

677

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Donna D Blackmon	Treasurer	20.00	Officer	$0	$0	$0
Travis L Cash	Secretary	20.00	Officer	$0	$0	$0
Michael Feneis	President	20.00	Officer	$0	$0	$0
Jordan T Hood	Vice President	20.00	Officer	$0	$0	$0
Thomas G Brewer	President	0.00		$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
2024	$259,758	$229,896	$1,602,071	$29,862
2023	$315,347	$273,232	$1,576,452	$42,115
2022	$287,549	$229,462	$1,263,204	$58,087
2021	$259,163	$217,330	$1,716,248	$41,833

Charlotte Firefighters Association Inc