GLENWOOD 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

1963

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

GLENWOOD VOLUNTEER FIRE DEPARTMENT, founded in 1963, is a small nonprofit in the Public Safety sector that reported $531K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $113K, a strong 21% operating margin.

Mission

TO PROVIDE FIRE PROTECTION TO THE GLENWOOD COMMUNITY OF MCDOWELL COUNTY NORTH CAROLINA

Program Service Accomplishments

Program 1

Expenses: $418,682 Revenue: $531,310

MAINTAIN FIRE FIGHTING EQUIPMENT FOR RESPONSE READINESS. PROVIDE TRAINING FOR FIRE FIGHTERS AND CONDUCT FIRE PREVENTION PROGRAMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $530,973

Program Service Revenue $0

Investment Income $337

Other Revenue $0

TOTAL REVENUE $531,310

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,098

Fundraising Expenses $0

Program Expenses $418,682

Other Expenses $320,584

TOTAL EXPENSES $418,682

Year-over-Year Comparison

	2023	2022	Change
Revenue	$531,310	$453,222	+0.2%
Expenses	$418,682	$408,894	+0.0%
Net Income	$112,628	$44,328	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD MORGAN	BOARD MEMBER	0.00	Officer	$0	$0	$0
GERALD WORLEY	BOARD VICE CHAIR	0.00	Officer	$0	$0	$0
MATTHEW KAYLOR	BOARD MEMBER	0.00	Officer	$0	$0	$0
CHRIS MOSTILLER	BOARD MEMBER	0.00	Officer	$0	$0	$0
DARREN WORLEY	ASSISTANT CHIEF	0.00	Officer	$0	$0	$0
DONNIE TIPTON	CHIEF	2.00	Officer	$0	$0	$0
DAVID MORGAN	BOARD CHAIR	0.00	Officer	$0	$0	$0
MATTHEW CRAWFORD	TREASURER	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	No data	No data	No data	No data
2024	$531,310	$418,682	$1,276,573	$112,628
2023	$453,222	$408,867	$1,163,945	$44,355
2022	$448,898	$437,265	$1,119,590	$11,633
2021	$440,890	$281,793	$1,107,957	$159,097
2020	$371,450	$333,343	$1,016,724	$38,107
2019	$458,957	$277,154	$1,044,648	$181,803