WEDDINGTON AREA VOLUNTEER FIRE PROTECTION ASSOCIATION INC (EIN 710514241) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1978

Legal Domicile

Principal Officer

David Perreault

Phone

4794437802

Tax Period

2024-02-01 to 2025-01-31

WEDINGTON AREA VOLUNTEER FIRE, founded in 1978, is a small nonprofit that reported $131K in total revenue in fiscal year 2018. Revenue surged 151997% from the prior year, signaling strong growth momentum.

Mission

VOLUNTEER FIRE/RESCUE/MEDICAL RESPONSE

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $148,364

Program Service Revenue $0

Investment Income $1,310

Other Revenue $0

TOTAL REVENUE $149,674

Expense Breakdown

Grants Paid $0

Salaries & Benefits $-6,674

Fundraising Expenses $0

Program Expenses $145,739

Other Expenses $153,986

TOTAL EXPENSES $147,312

Year-over-Year Comparison

	2024	2023	Change
Revenue	$149,674	$230,815	-0.4%
Expenses	$147,312	$327,675	-0.6%
Net Income	$2,362	$-96,860	-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

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
David Perreault	President	2	Officer Director	$0	$0	$0
Rick Cochran	Vice President	2	Officer Director	$0	$0	$0
Kelly Perreault	Director	1	Director	$0	$0	$0
Linda Morgan	Director	1	Director	$0	$0	$0
Woodrow Mulherin	Director	1	Director	$0	$0	$0
Chuck Dean	Director	1	Director	$0	$0	$0
James Hendricks	Director	1	Director	$0	$0	$0
Pete Melnicki Sr	Director	1	Director	$0	$0	$0
Todd Mitchell	Director	1	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	$149,674	$147,312	$593,231	$2,362
2024	$230,815	$327,675	$639,235	$-96,860
2023	$306,855	$132,941	$713,660	$173,914
2022	$140,690	$176,678	$597,722	$-35,988
2021	$133,356	$160,358	$641,672	$-27,002
2020	$134,957	$135,320	$656,386	$-363
2019	$130,803	$136,469	$688,740	$-5,666

WEDDINGTON AREA VOLUNTEER FIRE PROTECTION ASSOCIATION INC