RIMER VOLUNTEER FIRE DEPARTMENT

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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

1959

Legal Domicile

Principal Officer

JANIE SIFFORD

Phone

7047828544

Tax Period

2024-07-01 to 2025-06-30

RIMER VOLUNTEER FIRE DEPARTMENT, founded in 1959, is a small nonprofit in the Public Safety sector that reported $572K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

THE ORGANIZATION'S PRIMARY MISSION IS FIGHTING FIRES IN THE RIMER FIRE DISTRICT OF CABARRUS COUNTY, NORTH CAROLINA.

Program Service Accomplishments

Program 1

Expenses: $513,376 Revenue: $498,561

FIGHTING FIRES IN THE RIMER FIRE DISTRICT OF CABARRUS 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 $73,369

Program Service Revenue $491,874

Investment Income $184

Other Revenue $6,687

TOTAL REVENUE $572,114

Expense Breakdown

Grants Paid $0

Salaries & Benefits $209,522

Fundraising Expenses $0

Program Expenses $513,376

Other Expenses $355,173

TOTAL EXPENSES $564,695

Year-over-Year Comparison

	2024	2023	Change
Revenue	$572,114	$435,230	+0.3%
Expenses	$564,695	$451,031	+0.3%
Net Income	$7,419	$-15,801	-1.5%

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
MARTY RITCHIE	BOARD PRESIDENT	2.00	Officer Director	$0	$0	$0
RUSTY DRYE	BOARD MEMBER	2.00	Director	$0	$0	$0
TIMOTHY SIFFORD	BOARD VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ROY GRAY	BOARD MEMBER	2.00	Director	$0	$0	$0
CHERYL FUNDERBURK	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN HARRISON	BOARD MEMBER	2.00	Director	$0	$0	$0
BARRY BOST	BOARD MEMBER	2.00	Director	$0	$0	$0
ASHLEIGH ENNIS	BOARD MEMBER	2.00	Director	$0	$0	$0
STEPHEN WAGONER	BOARD MEMBER	2.00	Director	$0	$0	$0
JANIE SIFFORD	BOARD TREASURER/SECRETARY	2.00	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	$572,114	$564,695	$1,096,445	$7,419
2024	$435,230	$451,031	$1,311,913	$-15,801
2023	$380,489	$407,914	$1,400,891	$-27,425
2022	$563,714	$248,868	$1,476,716	$314,846
2021	$306,100	$186,345	$809,049	$119,755
2020	$266,844	$185,875	$715,601	$80,969
2019	$254,818	$168,716	$750,675	$86,102
2018	$215,854	$209,947	$758,746	$5,907