WINGATE VOLUNTEER FIRE DEPARTMENT INC (EIN 581454339) - 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

1948

Legal Domicile

Principal Officer

JOHN MANGUM

Phone

7042334137

Tax Period

2024-07-01 to 2025-06-30

WINGATE VOLUNTEER FIRE DEPARTMENT INC, founded in 1948, is a community nonprofit in the Public Safety sector that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO SERVE AND PROTECT OUR COMMUNITY FROM FIRE, MEDICAL AND OTHER EMERGENCIES WITH A WELL-TRAINED, DEDICATED AND CARING MEMBERSHIP.

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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 $1,223,023

Program Service Revenue $0

Investment Income $4,269

Other Revenue $-2,182

TOTAL REVENUE $1,225,110

Expense Breakdown

Grants Paid $0

Salaries & Benefits $512,746

Fundraising Expenses $0

Program Expenses $1,153,213

Other Expenses $688,034

TOTAL EXPENSES $1,200,780

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,225,110	$1,114,923	+0.1%
Expenses	$1,200,780	$970,147	+0.2%
Net Income	$24,330	$144,776	-0.8%

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

$41,854

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC RUSHING	PRESIDENT	0.00	Director	$0	$0	$0
RICHARD STEGALL	TREASURER	0.00	Director	$0	$0	$0
JOHN MANGUM	SECRETARY	15.00	Director	$12,500	$0	$12,500
JOE RAY	DIRECTOR	0.00	Director	$0	$0	$0
ANDREW L BAUCOM	VICE-PRESIDENT	0.00	Director	$0	$0	$0
BARRY GLASS	DIRECTOR	0.00	Director	$0	$0	$0
ADAM BAKER	DIRECTOR	30.00	Director	$29,354	$0	$29,354

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	$1,225,110	$1,200,780	$1,830,101	$24,330
2024	$1,114,923	$970,147	$1,145,327	$144,776
2023	$1,006,286	$929,704	$1,059,009	$76,582
2022	$829,080	$837,713	$1,144,100	$-8,633
2021	$731,594	$739,711	$1,272,686	$-8,117
2020	$760,541	$698,355	$1,400,418	$62,186
2019	$692,102	$597,388	$1,552,849	$94,714

WINGATE VOLUNTEER FIRE DEPARTMENT INC