CANADA VOLUNTEER FIRE DEPARTMENT

EIN: 911891496 501(c)(3) Public Safety

TUCKASEGEE, NC

Total Revenue
$205,760
Total Expenses
$94,727
Total Assets
$2,345,372
Net Assets
$1,944,089
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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
1978
Legal Domicile
NC
Principal Officer
LYNN BROOM
Phone
8283990606
Tax Period
2023-01-01 to 2023-12-31

CANADA VOLUNTEER FIRE DEPARTMENT, founded in 1978, is a small nonprofit in the Public Safety sector that reported $206K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $111K, a strong 54% operating margin.

Mission

VOLUNTEER FIRE DEPARTMENT

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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 (2023)

Revenue Breakdown

Contributions & Grants $205,697
Program Service Revenue $0
Investment Income $63
Other Revenue $0
TOTAL REVENUE $205,760

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,370
Fundraising Expenses $709
Program Expenses $85,233
Other Expenses $93,357
TOTAL EXPENSES $94,727

Year-over-Year Comparison

2023 2022 Change
Revenue $205,760 $182,553 +0.1%
Expenses $94,727 $72,859 +0.3%
Net Income $111,033 $109,694 +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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
24

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
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HAROLD NICHOLSON CHAIRMAN 0.50
Director
$0 $0 $0
LYNN BROOM SECRETARY 2.00
Officer Director
$0 $0 $0
TERRY MCCALL BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE BROWN BOARD MEMBER 0.50
Director
$0 $0 $0
JOE CERNIGLIA BOARD MEMBER 0.50
Director
$0 $0 $0
JASON WARREN BOARD MEMBER 0.50
Director
$0 $0 $0
KELLY ROWE BOARD MEMBER 0.50
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
2024 No data No data No data No data
2023 $205,760 $94,727 $2,345,372 $111,033
2022 $182,553 $72,859 $2,140,073 $109,694
2021 $1,815 $67,539 $2,056,386 $-65,724
2020 $129,075 $55,720 $1,789,086 $73,355
2019 $124,162 $69,561 $1,725,182 $54,601
2018 $149,282 $72,992 $1,674,340 $76,290
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