HOPKINS RURAL FIRE DEPARTMENT INC (EIN 591744598) - 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

1977

Legal Domicile

Principal Officer

BRUCE BAKER

Phone

9192698181

Tax Period

2024-07-01 to 2025-06-30

HOPKINS RURAL FIRE DEPARTMENT INC, founded in 1977, is a community nonprofit in the Public Safety sector that reported $1.9M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.8M left a modest 6% surplus.

Mission

TO PROVIDE FIRE PROTECTION SERVICES TO RESIDENTS OF THE HOPKINS FIRE DISTRICT IN WAKE AND FRANKLIN COUNTIES.

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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 $11,765

Program Service Revenue $1,851,107

Investment Income $2,599

Other Revenue $6,410

TOTAL REVENUE $1,871,881

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,470,175

Fundraising Expenses $0

Program Expenses $1,608,991

Other Expenses $290,167

TOTAL EXPENSES $1,760,342

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,871,881	$1,684,593	+0.1%
Expenses	$1,760,342	$1,567,782	+0.1%
Net Income	$111,539	$116,811	0.0%

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

$113,056

Total Directors

$113,056

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS WARD	FIRE CHIEF	40.00	Officer Director	$113,056	$0	$113,056
CLIFFORD ADAMS	MEMBER	N/A	Director	$0	$0	$0
BRUCE BAKER	PRESIDENT	N/A	Officer Director	$0	$0	$0
CALEB JACKSON	MEMBER	N/A	Director	$0	$0	$0
MATT MASTERS	VICE CHAIR	N/A	Officer Director	$0	$0	$0
HEATHER MURRAY	SECRETARY	N/A	Officer Director	$0	$0	$0
JENNIFER PERRY	TREASURER	N/A	Officer Director	$0	$0	$0
PATRICK WILSON	MEMBER	N/A	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	$1,871,881	$1,760,342	$869,981	$111,539
2024	$1,684,593	$1,567,782	$752,814	$116,811
2023	$1,547,826	$1,567,534	$687,506	$-19,708
2022	$1,150,355	$1,137,683	$696,036	$12,672
2021	$1,101,228	$1,147,657	$689,693	$-46,429
2020	$1,081,914	$1,033,102	$695,500	$48,812

HOPKINS RURAL FIRE DEPARTMENT INC