Connestee Fire Rescue Inc (EIN 591743782) - 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

1976

Legal Domicile

Principal Officer

Amber Owen

Phone

8288852100

Tax Period

2023-07-01 to 2024-06-30

Connestee Fire Rescue Inc, founded in 1976, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $257K, a strong 22% operating margin.

Mission

Connestee Fire Rescue, Inc's mission is to protect the lives and property within its communty service area of Transylvania County, North Carolina. Rural fire protection and rescue services are provided to individuals and businesses within the the fire district and aid to surrounding fire districts as needed.

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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 $1,160,846

Program Service Revenue $0

Investment Income $302

Other Revenue $17,165

TOTAL REVENUE $1,178,313

Expense Breakdown

Grants Paid $0

Salaries & Benefits $287,514

Fundraising Expenses $0

Program Expenses $863,253

Other Expenses $633,810

TOTAL EXPENSES $921,324

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,178,313	$975,323	+0.2%
Expenses	$921,324	$1,216,887	-0.2%
Net Income	$256,989	$-241,564	-2.1%

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

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
Danny Britt	President	15.00	Officer Director	$0	$0	$0
Justin Worley	Vice President	5.00	Officer Director	$0	$0	$0
Amber Owen	Treasurer	10.00	Officer Director	$0	$0	$0
Richie Case	Assistant Treasurer	5.00	Officer Director	$0	$0	$0
Chad Owen	Secretary	10.00	Officer Director	$0	$0	$0
Charlie Carter	Assistant Secretary	5.00	Officer Director	$0	$0	$0
David Mahoney	Member at large	5.00	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	No data	No data	No data	No data
2024	$1,178,313	$921,324	$1,132,644	$256,989
2023	$975,323	$1,216,887	$1,050,298	$-241,564
2022	$890,075	$1,061,705	$1,393,474	$-171,630
2021	$856,037	$753,568	$1,736,585	$102,469
2020	$811,324	$831,564	$1,980,083	$-20,240
2019	$848,852	$841,053	$2,186,074	$7,799

Connestee Fire Rescue Inc