Chocowinity Fire District Volunteer Fire Department Inc

EIN: 821140851 501(c)(3)

Chocowinity, NC

Total Revenue
$425,053
Total Expenses
$330,130
Total Assets
$1,942,728
Net Assets
$1,553,958
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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
1972
Legal Domicile
NC
Principal Officer
David Fields
Phone
2529466559
Tax Period
2020-07-01 to 2021-06-30

Chocowinity Fire District Volunteer Fire Department Inc, founded in 1972, is a small nonprofit that reported $425K in total revenue in fiscal year 2020. The organization ran a surplus of $95K, a strong 22% operating margin.

Mission

Primary purpose is to protect lives, property and the community environment from the destructive effects of fire, disaster or other life hazards by providing public education, incident prevention and emergency response services.

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $72,437
Program Service Revenue $324,241
Investment Income $0
Other Revenue $28,375
TOTAL REVENUE $425,053

Expense Breakdown

Grants Paid $0
Salaries & Benefits $39,222
Fundraising Expenses $13,154
Program Expenses $282,803
Other Expenses $290,908
TOTAL EXPENSES $330,130

Year-over-Year Comparison

2020 2019 Change
Revenue $425,053 N/A N/A
Expenses $330,130 N/A N/A
Net Income $94,923 N/A N/A
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

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Governance

Voting Members
5
Independent Members
5
Employees
4
Volunteers
10

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Fields President 15.00
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
2021 $425,053 $330,130 $1,942,728 $94,923
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