Civic Intelligence

Troutman Fire Department Inc.

990 • Fiscal year 2024 • EIN 23-7422021

Jul 01, 2023 to Jun 30, 2024 • Filed on May 05, 2025

PO Box 22Troutman, NC 28166

(704) 528-3545

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

60th percentile

0.20x

Higher debt load relative to assets than 60% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

75th percentile

0.50x

Higher debt load relative to revenue than 75% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

78th percentile

25%

Higher net margin than 78% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

29th percentile

$70,083

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

63rd percentile

9.2%

Faster asset growth than 63% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

85th percentile

56%

Faster revenue growth than 85% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$9,702,938

Up $453,149 (+4.9%) from 2022

Net Assets

Up

$7,731,321

Up $863,230 (+13%) from 2022

Liabilities

Down

$1,971,617

Down $410,081 (-17%) from 2022

Revenue

Up

$3,917,978

Up $1,128,257 (+40%) from 2022

Expenses

Up

$2,932,413

Up $345,680 (+13%) from 2022

Net Income

Up

$985,565

Up $782,577 (+386%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2012: $4,618,038Liabilities 2012: $1,578,034Net Assets 2012: $3,040,0042012Assets 2013: $4,778,417Liabilities 2013: $1,447,997Net Assets 2013: $3,330,4202013Assets 2014: $4,982,375Liabilities 2014: $1,309,638Net Assets 2014: $3,672,7372014Assets 2015: $5,118,000Liabilities 2015: $1,173,226Net Assets 2015: $3,944,7742015Assets 2016: $5,422,790Liabilities 2016: $1,021,822Net Assets 2016: $4,400,9682016Assets 2019: $6,403,673Liabilities 2019: $1,101,611Net Assets 2019: $5,302,0622019Assets 2020: $8,228,442Liabilities 2020: $2,486,455Net Assets 2020: $5,741,9872020Assets 2021: $9,346,281Liabilities 2021: $2,621,641Net Assets 2021: $6,724,6402021Assets 2022: $9,249,789Liabilities 2022: $2,381,698Net Assets 2022: $6,868,0912022Assets 2024: $9,702,938Liabilities 2024: $1,971,617Net Assets 2024: $7,731,3212024

Highlighted filing

2024

Assets$9,702,938
Liabilities$1,971,617
Net Assets$7,731,321

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0Expenses 2012: $1,022,5622012Expenses 2013: $1,019,3852013Revenue 2014: $1,432,460Expenses 2014: $1,090,143Net Income 2014: $342,3172014Revenue 2015: $1,404,509Expenses 2015: $1,132,472Net Income 2015: $272,0372015Revenue 2016: $1,549,443Expenses 2016: $1,093,249Net Income 2016: $456,1942016Revenue 2019: $1,525,023Expenses 2019: $1,335,650Net Income 2019: $189,3732019Revenue 2020: $2,037,457Expenses 2020: $1,597,532Net Income 2020: $439,9252020Revenue 2021: $2,810,232Expenses 2021: $1,854,118Net Income 2021: $956,1142021Revenue 2022: $2,789,721Expenses 2022: $2,586,733Net Income 2022: $202,9882022Revenue 2024: $3,917,978Expenses 2024: $2,932,413Net Income 2024: $985,5652024

Highlighted filing

2024

Revenue$3,917,978
Expenses$2,932,413
Net Income$985,565
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 5, 2025
Return Version
2023v6.0
Gross Receipts
$3,952,739
Mission and Program Overview

Mission

Emergency firefighting and rescue services for the general public benefit in troutman community and the barringer and fallstown townships.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,307,933$6,316,480▲ $8,547
Savings and Temporary Cash Investments$1,997,347$2,927,702▲ $930,355
Cash and Non-Interest-Bearing Accounts$207,458$148,110▼ $59,348
Investments Program Related$70,211$70,211→ $0
Total Assets$8,887,091$9,702,938▲ $815,847
Other Assets Total$304,142$240,435▼ $63,707
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,141,067$1,970,057▼ $171,010
Other Liabilities$1,292$1,560▲ $268
Total Liabilities$2,142,359$1,971,617▼ $170,742
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,447,940$7,434,529▲ $986,589
Net Assets With Donor Restrictions$296,792$296,792→ $0
Total Net Assets Fund Balance$6,744,732$7,731,321▲ $986,589
Total Liabilities and Net Assets / Fund Balance$8,887,091$9,702,938▲ $815,847

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,697,720$4,281,917$6,979,637
Buildings$3,356,399$618,285$3,974,684
Land$262,361-$262,361
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Wesley MorrisChiefFT$70,083$70,083
Jimmy KestlerDeputy ChiefFT$67,522$67,522
Steve ShealyTreasurer/secretaryPT$5,860$5,860

Board Members and Trustees

NameTitle
Edward HaileyChairman
Kelly ClontzVice Chairman
Jack NeelBoard Member
Jeff CogginsBoard Member
Allen ChurchBOARD MEMBER @ LARGE
John VoelskeBOARD MEMBER @ LARGE
Revenue and Support

Revenue Composition

Contributions and Grants
$2,280,489
Program Service Revenue
$649,700
Investment Income
$78,611
Other Revenue
$909,178
All Other Contributions
$12,605
Change in Net Assets
$985,565
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,928,434
Other Expenses$1,003,979
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,379,549$153,283-$1,532,832
Depreciation Depletion$612,488--$612,488
Other Employee Benefits$248,648$27,628-$276,276
Payroll Taxes$107,393$11,933-$119,326
Interest$72,198--$72,198
Occupancy$58,149$6,461-$64,610
Office Expenses$23,982$23,982-$47,964
All Other Expenses$19,315$14,287-$33,602
Other Expenses$15,506--$15,506
Fees for Services Legal-$7,500-$7,500
Information Technology$5,362--$5,362
Fees for Services Accounting-$3,000-$3,000
Total Functional Expenses$2,684,339$248,074$0$2,932,413
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$27,949
Fundraising Direct Expenses$6,763
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Special Project$27,949$27,949$6,763$21,186
Total Events$27,949$27,949$6,763$21,186
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$1,560
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

The board of directors is composed of six members, elected by two different groups. Three directors are members of troutman fire department, elected by the general membership of the organization. The remaining three directors are elected by the troutman community in an annual meeting. These three directors cannot be members of troutman fire department.

Form 990, Part VI, Section B, Line 11B

The tax return is provided to the board of directors prior to filing. The board reviews the tax retunr via electronic copy.

Form 990, Part VI, Section C, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Troutman Fire Department Inc
EIN
23-7422021
Phone
7045283545
Address
PO BOX 22, TROUTMAN, NC 28166

Signing Officer

Name
Edward Hailey
Title
Treasurer
Phone
7045283545
Signed
2025-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward Hailey
Formed
1974
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
6
Employees
45
Volunteers
30

Preparer

Firm
Martin Starnes & Associates Cpas Pa
Address
730 13TH AVENUE DR SE, HICKORY, NC 28602-5196
Preparer
John B Whitley Ii Cpacfp
Phone
8283272727
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 6

Volunteers provide emergency fire fighting and rescue services.

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IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt011201
IRS990/PYOtherExpensesAmt01153813
IRS990/PYOtherRevenueAmt052671
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-123717
IRS990/PYSalariesCompEmpBnftPaidAmt01488192
IRS990/PYTotalExpensesAmt02642005
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02518288
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0985565
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt024000
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0649700
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01997347
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02927702
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02280489
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02454416
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02710286
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02783995
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02005744
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt012234930
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt012661
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt029519
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt06869
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt016409
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt018241
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt083699
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0649700
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98450
IRS990ScheduleA/PublicSupportPY170Pct00.98430
IRS990ScheduleA/PublicSupportTotal170Amt012234930
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02280489
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02454416
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02710286
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02783995
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02005744
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt012234930
IRS990ScheduleA/TotalSupportAmt012428023
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt021186
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt024525
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt017380
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt026824
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt019479
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt0109394
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt03356399
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0618285
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03974684
IRS990ScheduleD/EquipmentGrp/BookValueAmt02697720
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04281917
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt06979637
IRS990ScheduleD/LandGrp/BookValueAmt0262361
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0262361
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01560
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06316480
IRS990ScheduleD/TotalLiabilityAmt01560
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt06763
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SPECIAL PROJECT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt027949
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt027949
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt027949
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt027949
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt021186
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt06763
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt06763
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VOLUNTEERS PROVIDE EMERGENCY FIRE FIGHTING AND RESCUE SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS IS COMPOSED OF SIX MEMBERS, ELECTED BY TWO DIFFERENT GROUPS. THREE DIRECTORS ARE MEMBERS OF TROUTMAN FIRE DEPARTMENT, ELECTED BY THE GENERAL MEMBERSHIP OF THE ORGANIZATION. THE REMAINING THREE DIRECTORS ARE ELECTED BY THE TROUTMAN COMMUNITY IN AN ANNUAL MEETING. THESE THREE DIRECTORS CANNOT BE MEMBERS OF TROUTMAN FIRE DEPARTMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TAX RETURN IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING. THE BOARD REVIEWS THE TAX RETUNR VIA ELECTRONIC COPY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt08887091
IRS990/TotalAssetsEOYAmt09702938
IRS990/TotalAssetsGrp/BOYAmt08887091
IRS990/TotalAssetsGrp/EOYAmt09702938
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02280489
IRS990/TotalEmployeeCnt045
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0248074
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02684339
IRS990/TotalFunctionalExpensesGrp/TotalAmt02932413
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02142359
IRS990/TotalLiabilitiesEOYAmt01971617
IRS990/TotalLiabilitiesGrp/BOYAmt02142359
IRS990/TotalLiabilitiesGrp/EOYAmt01971617
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06744732
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07731321
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02684339
IRS990/TotalProgramServiceRevenueAmt0649700
IRS990/TotalReportableCompFromOrgAmt0143465
IRS990/TotalRevenueGrp/ExclusionAmt099797
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01537692
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03917978
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt030
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08887091
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt09702938
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 22
IRS990/USAddress/CityNm0TROUTMAN

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