WEST IREDELL VOLUNTEER FIRE DEPARTMENT INCORPORATED (EIN 581548456) - 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

1961

Legal Domicile

Principal Officer

JERRY HOUSTON

Phone

7048723947

Tax Period

2024-07-01 to 2025-06-30

WEST IREDELL VOLUNTEER FIRE DEPARTMENT INCORPORATED, founded in 1961, is a community nonprofit in the Public Safety sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 80% from the prior year, signaling strong growth momentum. The organization ran a surplus of $585K, a strong 45% operating margin.

Mission

TO FIGHT FIRES AND PROVIDE MEDICAL ASSISTANCE

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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 $1,247,548

Program Service Revenue $0

Investment Income $43,461

Other Revenue $0

TOTAL REVENUE $1,291,009

Expense Breakdown

Grants Paid $0

Salaries & Benefits $334,916

Fundraising Expenses $0

Program Expenses $693,358

Other Expenses $370,817

TOTAL EXPENSES $705,733

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,291,009	$717,978	+0.8%
Expenses	$705,733	$701,200	+0.0%
Net Income	$585,276	$16,778	+33.9%

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
MATT COOK	DIRECTOR	1.00	Director	$0	$0	$0
EDDIE GUY	DIRECTOR	1.00	Director	$0	$0	$0
TREVOR CRISP	DIRECTOR	1.00	Director	$0	$0	$0
RICK WILSON	DIRECTOR	1.00	Director	$0	$0	$0
MORGAN MCCOY	SECRETARY	1.00	Officer	$0	$0	$0
HEATH LITTLE	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM GUY	DIRECTOR	1.00		$0	$0	$0
THOMAS ALEXANDER	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON HEDRICK	DIRECTOR	1.00	Director	$0	$0	$0
ALMURREY CONNOR	PRESIDENT/CHAIRMAN	2.00	Officer	$0	$0	$0
JOSH DEAL	1ST VICE CHAIRMAN	1.00	Officer	$0	$0	$0
JOSH FISHER	2ND VICE CHAIRMAN	1.00	Officer	$0	$0	$0
CHRIS VENABLE	TREASURER	1.00	Officer	$0	$0	$0
RYAN SHERILL	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY HOUSTON	DIRECTOR	1.00	Director	$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	$1,291,009	$705,733	$1,179,328	$585,276
2024	$717,978	$701,200	$589,646	$16,778
2023	$453,547	$505,325	$557,694	$-51,778
2022	$435,561	$429,036	$601,169	$6,525
2021	$424,678	$443,364	$622,524	$-18,686
2020	$379,489	$462,213	$635,958	$-82,724
2019	$466,187	$493,439	$750,169	$-27,252

WEST IREDELL VOLUNTEER FIRE DEPARTMENT INCORPORATED