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
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

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

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

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
Explore More Nonprofits
→Top 100 Nonprofits in North Carolina →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare CHERRY LANE VOLUNTEER FIRE DEPT INC with other nonprofits in North Carolina and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.