COLD WATER VOLUNTEER FIRE DEPARTMENT

EIN: 566062579 501(c)(3) Public Safety

CONCORD, NC

Total Revenue
$479,971
Total Expenses
$386,023
Total Assets
$1,577,449
Net Assets
$1,292,848
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1958
Legal Domicile
NC
Principal Officer
JANET LENTZ
Phone
7047881870
Tax Period
2023-07-01 to 2024-06-30

COLD WATER VOLUNTEER FIRE DEPARTMENT, founded in 1958, is a small nonprofit in the Public Safety sector that reported $480K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $94K, a strong 20% operating margin.

Mission

THE ORGANIZATION'S PRIMARY MISSION IS FIGHTING FIRES IN THE COLD WATER FIRE DISTRICT OF CABARRUS COUNTY, NORTH CAROLINA.

Program Service Accomplishments

Program 1
Expenses: $353,079 Revenue: $436,050

THE ORGANIZATION'S PRIMARY MISSION IS FIGHTING FIRES IN THE COLD WATER FIRE DISTRICT OF CABARRUS 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $34,186
Program Service Revenue $436,050
Investment Income $9,735
Other Revenue $0
TOTAL REVENUE $479,971

Expense Breakdown

Grants Paid $0
Salaries & Benefits $184,497
Fundraising Expenses $0
Program Expenses $353,079
Other Expenses $201,526
TOTAL EXPENSES $386,023

Year-over-Year Comparison

2023 2022 Change
Revenue $479,971 $522,245 -0.1%
Expenses $386,023 $333,255 +0.2%
Net Income $93,948 $188,990 -0.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
3
Employees
26
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
$28,105
Total Directors
12
$78,542
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARL WALKER BOARD MEMBER 10.00
Director
$0 $0 $0
JAMES PREDDY BOARD MEMBER 10.00
Director
$27,535 $2,106 $29,641
DAVID BLACKWELDER SECRETARY 10.00
Officer Director
$12,740 $975 $13,715
JAMES LENTZ JR BOARD MEMBER 10.00
Director
$0 $0 $0
JANET LENTZ TREASURER 10.00
Officer Director
$0 $0 $0
BENJAMIN PREDDY BOARD MEMBER 10.00
Director
$16,760 $1,282 $18,042
RANDY LOVE VICE PRESIDENT 10.00
Officer Director
$1,002 $77 $1,079
TOM BLACKWELDER PRESIDENT 10.00
Officer Director
$12,365 $946 $13,311
JASON WALKER BOARD MEMBER 10.00
Director
$1,845 $141 $1,986
JOHN EURY III BOARD MEMBER 10.00
Director
$308 $24 $332
PAM WALKER BOARD MEMBER 10.00
Director
$0 $0 $0
STEVEN BLACKWELDER JR BOARD MEMBER 10.00
Director
$405 $31 $436
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 $479,971 $386,023 $1,577,449 $93,948
2023 $522,245 $333,255 $1,198,900 $188,990
2022 $692,567 $314,752 $1,136,948 $377,815
2021 $333,636 $296,436 $796,025 $37,200
2020 $321,756 $272,435 $792,475 $49,321
2019 $292,079 $257,969 $776,395 $34,110
2018 $286,138 $230,457 $511,464 $55,681
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