CHERRY LANE VOLUNTEER FIRE DEPT INC

EIN: 581336215 Public Safety

ROARING GAP, NC

Total Revenue
$450,274
Total Expenses
$410,434
Total Assets
$2,300,772
Net Assets
$2,289,209
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
NC
Principal Officer
HOSS CROUSE
Phone
3363725578
Tax Period
2024-07-01 to 2025-06-30

CHERRY LANE VOLUNTEER FIRE DEPT INC, founded in 1978, is a small nonprofit in the Public Safety sector that reported $450K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $410K left a modest 9% surplus.

Mission

TO PROVIDE FIRE PROTECTION SERVICES AND BASIC EMERGENCY MEDICAL SERVICES TO THEIR COMMUNITY WHEN EVER NEEDED

Program Service Accomplishments

Program 1
Expenses: $337,452

THE ORGANIZATION ANSWERED ALL CALLS FOR SERVICE TIMELY AND EFFICIENTLY IN ACCORDANCE WITH ALL STATE STANDARDS FOR VOLUNTEER FIRE DEPARTMENTS. THE ORGANIZATION MAINTAINED THEIR INSURANCE RATING SO THE...

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THE ORGANIZATION ANSWERED ALL CALLS FOR SERVICE TIMELY AND EFFICIENTLY IN ACCORDANCE WITH ALL STATE STANDARDS FOR VOLUNTEER FIRE DEPARTMENTS. THE ORGANIZATION MAINTAINED THEIR INSURANCE RATING SO THE COMMUNITY THEY SERVED QUALIFIED FOR A DISCOUNT ON THEIR FIRE INSURANCE POLICIES. THEY PROVIDED ALL SERVICE WHENEVER REQUESTED AND AS NEEDED TO THE BEST OF THEIR ABILITIES EQUALLY TO EVERYONE.

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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 $434,589
Program Service Revenue $0
Investment Income $13,225
Other Revenue $2,460
TOTAL REVENUE $450,274

Expense Breakdown

Grants Paid $0
Salaries & Benefits $30,349
Fundraising Expenses $22,865
Program Expenses $337,452
Other Expenses $380,085
TOTAL EXPENSES $410,434

Year-over-Year Comparison

2024 2023 Change
Revenue $450,274 $734,791 -0.4%
Expenses $410,434 $278,297 +0.5%
Net Income $39,840 $456,494 -0.9%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
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
5
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAUX CROCKER DIRECTOR 1.00
Director
$0 $0 $0
JANET MONTGOMERY DIRECTOR 1.00
Director
$0 $0 $0
RICKY SHORE DIRECTOR 1.00
Director
$0 $0 $0
PHILLIP THOMAS DIRECTOR 1.00
Director
$0 $0 $0
DAVID WYATT CHIEF 1.00
Director
$0 $0 $0
GARY KETTERLING DIRECTOR 1.00
Director
$0 $0 $0
KARRIE DELP LADIES AUX 1.00
Director
$0 $0 $0
HOSS CROUSE PRESIDENT 1.00
Officer Director
$0 $0 $0
CLIFF HUDGINS VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JENNIFER ROBINSON TREASURER 8.00
Officer Director
$0 $0 $0
BRUCE MONTGOMERY SECRETARY 1.00
Officer Director
$0 $0 $0
DONALD CROUSE ASST CHIEF 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
2025 $450,274 $410,434 $2,300,772 $39,840
2024 $734,791 $278,297 $2,218,913 $456,494
2023 $512,483 $274,667 $1,718,729 $237,816
2022 $336,580 $161,910 $1,458,913 $174,670
2021 $218,105 $201,000 $1,323,842 $17,105
2020 $164,900 $144,311 $1,243,867 $20,589
2019 $186,428 $211,430 $1,223,178 $-25,002
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