Reeds Fire Department (EIN 581375035) - 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

1970

Legal Domicile

Principal Officer

Terry Buie

Tax Period

2024-07-01 to 2025-06-30

Reeds Fire Department, founded in 1970, is a small nonprofit in the Public Safety sector that reported $592K in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $135K, a strong 23% operating margin.

Mission

TO PROVIDE FIRE SAFETY AND RESCUE SERVICES FOR DAVIDSON COUNTY, NORTH CAROLINA

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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 $1,000

Program Service Revenue $559,375

Investment Income $18,355

Other Revenue $12,799

TOTAL REVENUE $591,529

Expense Breakdown

Grants Paid $0

Salaries & Benefits $220,778

Fundraising Expenses $0

Program Expenses $456,390

Other Expenses $213,151

TOTAL EXPENSES $456,390

Year-over-Year Comparison

	2024	2023	Change
Revenue	$591,529	$428,817	+0.4%
Expenses	$456,390	$413,742	+0.1%
Net Income	$135,139	$15,075	+8.0%

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

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
Robery Yancey	Board Member	002.00	Director	$0	$0	$0
Scotty Sink	Board Member	002.00	Director	$0	$0	$0
Brent Beck	Board Member	002.00	Director	$0	$0	$0
Robert Daniels	Board Member	002.00	Director	$0	$0	$0
Jessie Hanes	Board Member	002.00	Director	$0	$0	$0
C J SInk	President	002.00	Officer	$0	$0	$0
Shannon Sink	Vice President	002.00	Officer	$0	$0	$0
Mollie Michael	Secretary	002.00	Officer	$0	$0	$0
Terry Buie	Treasurer	002.00	Officer	$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	$591,529	$456,390	$2,555,384	$135,139
2024	$428,817	$413,742	$2,408,075	$15,075
2023	$449,260	$401,733	$2,481,009	$47,527
2022	$431,379	$259,835	$2,180,899	$171,544
2021	$351,213	$288,208	$2,011,162	$63,005
2020	$339,667	$315,887	$1,946,884	$23,780
2019	$242,958	$277,465	$1,922,567	$-34,507

Reeds Fire Department