GASTON VOLUNTEER FIRE DEPARTMENT INC (EIN 581901228) - 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

1955

Legal Domicile

Principal Officer

Edward Porter Jr

Phone

2525378279

Tax Period

2024-01-01 to 2024-12-31

GASTON VOLUNTEER FIRE DEPARTMENT INC, founded in 1955, is a small nonprofit in the Public Safety sector that reported $678K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $139K, a strong 21% operating margin.

Mission

ORGANIZATION PROVIDES FIREFIGHTING AND RESCUE SERVICES TO THE TOWN OF GASTON AND NORTHAMPTON COUNTY, NC.

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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 $210,260

Program Service Revenue $40,586

Investment Income $105

Other Revenue $426,888

TOTAL REVENUE $677,839

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,820

Fundraising Expenses $0

Program Expenses $538,539

Other Expenses $520,966

TOTAL EXPENSES $538,539

Year-over-Year Comparison

	2024	2023	Change
Revenue	$677,839	$524,279	+0.3%
Expenses	$538,539	$598,248	-0.1%
Net Income	$139,300	$-73,969	-2.9%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD PORTER III	ASSISTANT CHIEF	20	Officer Director	$0	$0	$0
HUNTER WHITMIRE	LIEUTENANT	20	Officer Director	$0	$0	$0
EDWARD PORTER JR	FIRE CHIEF	20	Officer Director	$0	$0	$0
PAUL NOWELL	CAPTAIN	20	Officer Director	$0	$0	$0
CODY A COOKE	LIEUTENANT	20	Officer Director	$0	$0	$0
BRAXTON JOHNSON	SECRETARY	20	Officer Director	$0	$0	$0
MICHELLE RICKS	TREASURER	25	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
2024	$677,839	$538,539	$3,251,975	$139,300
2023	$524,279	$598,248	$3,237,675	$-73,969
2022	$562,904	$520,398	$3,111,329	$42,506
2021	$449,931	$446,822	$3,113,730	$3,109
2020	$570,223	$554,194	$3,094,592	$16,029

GASTON VOLUNTEER FIRE DEPARTMENT INC