WAKE FOREST FIREFIGHTERS FOUNDATION INC (EIN 566180071) - 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

1921

Legal Domicile

Principal Officer

FRANK DRAKE

Phone

9195561966

Tax Period

2024-07-01 to 2025-06-30

WAKE FOREST FIREFIGHTERS FOUNDATION INC, founded in 1921, is a small nonprofit in the Public Safety sector that reported $224K in total revenue in fiscal year 2024. Revenue surged 193% from the prior year, signaling strong growth momentum. Expenses of $217K left a modest 3% surplus.

Mission

THE WAKE FOREST FIREFIGHTERS FOUNDATION ENDEAVORS TO SUPPORT THE NEEDS OF WAKE FOREST FIRE DEPARTMENT FIREFIGHTERS AND THEIR FAMILIES WHILE ALSO CONTRIBUTING TO THE COMMUNITY.

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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 $153,907

Program Service Revenue $54,992

Investment Income $4,616

Other Revenue $10,669

TOTAL REVENUE $224,184

Expense Breakdown

Grants Paid $112,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $206,727

Other Expenses $105,255

TOTAL EXPENSES $217,255

Year-over-Year Comparison

	2024	2023	Change
Revenue	$224,184	$76,516	+1.9%
Expenses	$217,255	$67,474	+2.2%
Net Income	$6,929	$9,042	-0.2%

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
JAMES HOLDING	SECRETARY	3.00	Officer Director	$0	$0	$0
THOMAS WALTERS	MEMBER	1.00	Director	$0	$0	$0
FRANK DRAKE	PRESIDENT	3.00	Officer Director	$0	$0	$0
CLIFTON KEITH	TREASURER	3.00	Officer Director	$0	$0	$0
ANNE REEVE	MEMBER	1.00	Director	$0	$0	$0
GARY SULLIVAN	MEMBER	1.00	Director	$0	$0	$0
MINDY WILSON	MEMBER	1.00	Director	$0	$0	$0
DEAN TRYON	MEMBER	1.00	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
2025	$224,184	$217,255	$777,055	$6,929
2024	No data	No data	No data	No data
2023	$83,313	$64,926	$643,688	$18,387
2022	$84,003	$66,205	$580,548	$17,798
2021	$67,270	$153,895	$640,698	$-86,625
2020	$9,109,043	$8,115,724	$9,138,575	$993,319
2019	$7,158,889	$6,801,807	$8,299,374	$357,082

WAKE FOREST FIREFIGHTERS FOUNDATION INC