POLKVILLE VOLUNTEER FIRE DEPARTMENT

EIN: 566061772

POLKVILLE, NC

Total Revenue
$689,395
Total Expenses
$546,727
Total Assets
$2,463,461
Net Assets
$1,759,952
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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
1961
Legal Domicile
NC
Phone
7045380976
Tax Period
2024-01-01 to 2024-12-31

POLKVILLE VOLUNTEER FIRE DEPARTMENT, founded in 1961, is a small nonprofit that reported $689K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $143K, a strong 21% operating margin.

Mission

TO ASSIST IN ANY EMERGENCY IN ORDER TO HELP WITH THE PRESERVATION OF LIFE AND PROPERTY.

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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 $688,867
Program Service Revenue $0
Investment Income $528
Other Revenue $0
TOTAL REVENUE $689,395

Expense Breakdown

Grants Paid $0
Salaries & Benefits $173,456
Fundraising Expenses $949
Program Expenses $510,159
Other Expenses $373,271
TOTAL EXPENSES $546,727

Year-over-Year Comparison

2024 2023 Change
Revenue $689,395 $594,275 +0.2%
Expenses $546,727 $435,028 +0.3%
Net Income $142,668 $159,247 -0.1%
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
12
Independent Members
12
Employees
36
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
3
$15,232
Total Directors
11
$16,410
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFERY SHUFORD SECRETARY TREASURER 4.00
Officer
$15,232 $0 $15,232
SIDNEY T MCMURRY DIRECTOR 6.00
Director
$12,645 $0 $12,645
ROBERT SHUFORD DIRECTOR 1.00
Director
$3,765 $0 $3,765
JIM STAMEY DIRECTOR 1.00
Director
$0 $0 $0
DOUG BRANCH DIRECTOR 1.00
Director
$0 $0 $0
MARK HORN DIRECTOR 1.00
Director
$0 $0 $0
ALAN NORMAN DIRECTOR 1.00
Director
$0 $0 $0
DERRELL BLANTON DIRECTOR 1.00
Director
$0 $0 $0
ROBERT FLOYD DIRECTOR 1.00
Director
$0 $0 $0
ROBBIE SHUFORD DIRECTOR 1.00
Director
$0 $0 $0
EDWIN ROYSTER CHAIRMAN BOARD OF DIRECTORS 2.00
Officer Director
$0 $0 $0
DOBBIN LATTIMORE VICE CHAIRMAN BOARD OF DIRECTORS 1.00
Officer 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
2024 $689,395 $546,727 $2,463,461 $142,668
2023 $594,275 $435,028 $2,388,844 $159,247
2022 $546,712 $388,256 $2,266,266 $158,456
2021 $469,036 $342,046 $2,156,758 $126,990
2020 $515,304 $314,762 $2,077,214 $200,542
2019 $585,352 $289,079 $1,919,118 $296,273
2018 $353,337 $244,414 $169,760 $108,923
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