MINERAL SPRINGS VOLUNTEER FIRE & RESCUE INC

EIN: 566193986 501(c)(3) Public Safety

WINSTON SALEM, NC

Total Revenue
$347,220
Total Expenses
$405,145
Total Assets
$669,243
Net Assets
$668,204
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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
1968
Principal Officer
GARY STYERS
Phone
3367250635
Tax Period
2023-07-01 to 2024-06-30

MINERAL SPRINGS VOLUNTEER FIRE & RESCUE INC, founded in 1968, is a small nonprofit in the Public Safety sector that reported $347K in total revenue in fiscal year 2023. Expenses of $405K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE FIRE AND RESCUE SERVICES TO THOSE INSIDE THE SERVICE AREA WITHOUT CHARGE

Program Service Accomplishments

Program 1
Expenses: $396,848

PROVIDING VOLUNTEER FIRE AND RESCUE SERVICE TO RESIDENTS OF THE SERVICE DISTRICT WITHOUT CHARGE

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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 $0
Program Service Revenue $326,894
Investment Income $17,911
Other Revenue $2,415
TOTAL REVENUE $347,220

Expense Breakdown

Grants Paid $0
Salaries & Benefits $123,285
Fundraising Expenses $0
Program Expenses $396,848
Other Expenses $281,860
TOTAL EXPENSES $405,145

Year-over-Year Comparison

2023 2022 Change
Revenue $347,220 $347,430 0.0%
Expenses $405,145 $346,994 +0.2%
Net Income $-57,925 $436 -133.9%
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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Governance

Voting Members
14
Independent Members
14
Employees
12
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
7
$21,938
Total Directors
14
$21,938
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NORMAN WALKER CHIEF 20.00
Officer Director
$21,938 $0 $21,938
MARK AHERON CHAPLAIN 2.00
Director
$0 $0 $0
TERRY CAUDLE BUILDING AND 2.00
Director
$0 $0 $0
DAWN HATCHER ASSISTANT SE 2.00
Officer Director
$0 $0 $0
ANDY HUNDLEY ASSISTANT CH 2.00
Director
$0 $0 $0
HARVEY JESSUP ASSISTANT CH 2.00
Director
$0 $0 $0
B J JOYCE DEPUTY CHIEF 15.00
Director
$0 $0 $0
CLIFTON KILBY VICE PRESIDE 5.00
Officer Director
$0 $0 $0
APRIL KNIGHT LADIES AUXIL 2.00
Director
$0 $0 $0
ROMMIE KNIGHT SECRETARY 5.00
Officer Director
$0 $0 $0
SANDRA LANIER TREASURER 10.00
Officer Director
$0 $0 $0
ROSS PATTERSON SARGENT OF A 2.00
Director
$0 $0 $0
DAVID SMITH ASST TREASUR 2.00
Officer Director
$0 $0 $0
GARY STYERS PRESIDENT 10.00
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
2025 No data No data No data No data
2024 $347,220 $405,145 $669,243 $-57,925
2023 $347,430 $346,994 $728,423 $436
2022 $299,184 $385,664 $760,718 $-86,480
2021 $523,457 $299,040 $647,782 $224,417
2020 $273,759 $263,239 $423,362 $10,520
2019 $252,863 $278,285 $413,356 $-25,422
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