SOUTHERN SHORES VOLUNTEER FIRE DEP… - Form 990 Financial Data

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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

1982

Legal Domicile

Principal Officer

ED LIMBACHER

Phone

2522612333

Tax Period

2023-07-01 to 2024-06-30

SOUTHERN SHORES VOLUNTEER FIRE DEPARTMENT INC, founded in 1982, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $1.4M exceeded revenue, resulting in a 18% operating deficit.

Mission

PROVIDING FIRE PREVENTION, FIRE SUPPRESSION, AND FIRST RESPONDER SERVICE TO THE TOWN OF SOUTHERN SHORES, NORTH CAROLINA AND SURROUNDING AREAS.

Program Service Accomplishments

Program 1

Expenses: $1,331,036

DEPARTMENT PROVIDES FIREFIGHTING AND OTHER EMERGENCY SUPPORT SERVICES TO THE TOWN OF SOUTHERN SHORES, NORTH CAROLINA AND SURROUNDING AREAS.

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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 $1,261,112

Program Service Revenue $0

Investment Income $-79,536

Other Revenue $5,401

TOTAL REVENUE $1,186,977

Expense Breakdown

Grants Paid $0

Salaries & Benefits $352,416

Fundraising Expenses $0

Program Expenses $1,331,036

Other Expenses $1,044,496

TOTAL EXPENSES $1,396,912

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,186,977	$1,297,943	-0.1%
Expenses	$1,396,912	$1,198,965	+0.2%
Net Income	$-209,935	$98,978	-3.1%

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

$211,992

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ED LIMBACHER	CHIEF	40.00	Officer	$114,026	$0	$114,026
MATTHEW DUDEK	DEPUTY CHIEF	40.00	Officer	$97,966	$0	$97,966
STEVE CICINATO	SECRETARY	5.00	Officer	$0	$0	$0
EDWARD HAYMAN	CHAIRMAN	5.00	Officer	$0	$0	$0
FRED SCHMIDT	INVENTORY MA	5.00	Officer	$0	$0	$0
LOGAN STEESE	VICE CHAIRMA	5.00	Officer	$0	$0	$0
MAYLON WHITE	TREASURER	5.00	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	$1,186,977	$1,396,912	$6,807,557	$-209,935
2023	$1,297,943	$1,198,965	$7,381,870	$98,978
2022	$1,166,276	$1,115,985	$7,501,329	$50,291
2021	$1,064,940	$1,060,898	$6,957,066	$4,042
2020	$749,575	$632,780	$5,067,703	$116,795
2019	$624,475	$672,141	$1,955,336	$-47,666

SOUTHERN SHORES VOLUNTEER FIRE DEPARTMENT INC