FERRELLS VOLUNTEER FIRE & RESCUE DEPARTMENT INC (EIN 581766269) - 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

1974

Legal Domicile

Principal Officer

LAVONNE SUMMER

Phone

2524785882

Tax Period

2024-07-01 to 2025-06-30

FERRELLS VOLUNTEER FIRE & RESCUE DEPARTMENT INC, founded in 1974, is a small nonprofit that reported $478K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Net assets of $1.2M represent 31 months of operating reserves.

Mission

THE VOLUNTEER FIRE DEPARTMENT PROVIDES FIRE PREVENTION AND FIRE-FIGHTING SERVICES FOR NASH 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 $59,377

Program Service Revenue $392,017

Investment Income $17,724

Other Revenue $9,070

TOTAL REVENUE $478,188

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,250

Fundraising Expenses $0

Program Expenses $433,938

Other Expenses $400,737

TOTAL EXPENSES $478,987

Year-over-Year Comparison

	2024	2023	Change
Revenue	$478,188	$395,002	+0.2%
Expenses	$478,987	$423,833	+0.1%
Net Income	$-799	$-28,831	-1.0%

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

$21,266

Total Directors

$12,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RODNEY O'NEAL	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
LAVONNE SUMMER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
SANDY WHITLEY	SECRETARY	2.00	Officer Director	$0	$0	$0
EMMA BRANTLEY	TREASURER	15.00	Officer Director	$12,000	$0	$12,000
RUSTY PEED	FIRE CHIEF	10.00	Officer Director	$0	$0	$0
JIMMY ROSS	1ST CAPTAIN	10.00	Officer Director	$0	$0	$0
ANDREW LONG	DIRECTOR	2.00	Director	$0	$0	$0
LEWIS DENTON	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL ALLEN	DIRECTOR	2.00	Director	$0	$0	$0
ART TIPPETT	DIRECTOR	2.00	Director	$0	$0	$0
JOSH BROWN	DIRECTOR	2.00	Director	$0	$0	$0
JOHN LONG	1ST ASST FIR	10.00	Officer	$0	$0	$0
DUSTIN HALES	2ND ASST FIR	10.00	Officer	$0	$0	$0
BRANDON HALES	2ND CAPTAIN	10.00	Officer	$9,266	$0	$9,266
ADAM LONG	SAFETY OFFIC	5.00	Officer	$0	$0	$0
RUFFIN BROWN	SAFETY OFFIC	5.00	Officer	$0	$0	$0
SETH PERRY	TRAFFIC OFFI	5.00	Officer	$0	$0	$0
ADAM MASSEY	TRAFFIC OFFI	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	$478,188	$478,987	$1,725,762	$-799
2024	$395,002	$423,833	$1,795,850	$-28,831
2023	$332,060	$307,814	$1,841,251	$24,246
2022	$313,263	$253,968	$1,247,005	$59,295
2021	$276,913	$267,529	$1,187,710	$9,384
2020	$758,422	$207,562	$1,180,094	$550,860
2019	$241,006	$182,294	$629,122	$58,712

FERRELLS VOLUNTEER FIRE & RESCUE DEPARTMENT INC