OCRACOKE FIRE PROTECTION INC

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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

1966

Legal Domicile

Phone

2529284692

Tax Period

2024-01-01 to 2024-12-31

OCRACOKE FIRE PROTECTION INC, founded in 1966, is a small nonprofit in the Public Safety sector that reported $453K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $313K, a strong 69% operating margin.

Mission

TO PROVIDE FIRE PROTECTION FOR THE RESIDENTS AND VISITORS OF OCRACOKE ISLAND.

Program Service Accomplishments

Program 1

Expenses: $140,489

PROVIDE FIRE PROTECTION AND SAFETY TO THE RESIDENTS AND VISITORS OF OCRACOKE ISLAND

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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 $180,435

Program Service Revenue $67,250

Investment Income $12,082

Other Revenue $193,635

TOTAL REVENUE $453,402

Expense Breakdown

Grants Paid $1,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $140,489

Other Expenses $138,989

TOTAL EXPENSES $140,489

Year-over-Year Comparison

	2024	2023	Change
Revenue	$453,402	$367,031	+0.2%
Expenses	$140,489	$301,560	-0.5%
Net Income	$312,913	$65,471	+3.8%

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

Independent Members

Employees

N/A

Volunteers

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
CHARLES TEMPLE	SECRETARY	5.00	Officer Director	$0	$0	$0
ERNEST DOSHIER	PRESIDENT	15.00	Officer Director	$0	$0	$0
JEFFREY DIPPOLD	TREASURER	15.00	Officer Director	$0	$0	$0
ALBERT ONEAL	FIRE CHIEF	4.00	Director	$0	$0	$0
KARMEN LATON	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
ROBERT DESPO	MEMBER AT LARGE	3.00	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
2024	$453,402	$140,489	$3,765,315	$312,913
2023	$367,031	$301,560	$3,452,211	$65,471
2022	$321,161	$55,956	$3,386,413	$265,205
2021	$268,564	$99,491	$3,121,442	$169,073
2020	$585,052	$670,764	$2,952,021	$-85,712
2019	$762,740	$396,356	$3,037,733	$366,384
2018	$305,727	$95,519	$2,671,349	$210,208