Civic Intelligence

Cold Water Volunteer Fire Department

EIN 56-6062579 • 501(c)3 • Concord, NC

Profile

The organization's primary mission is fighting fires in the cold water fire district of cabarrus county, north carolina.

PO Box 817Concord, NC 28026

www.coldwatervfd.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

58th percentile

0.18x

Higher debt load relative to assets than 58% of similar nonprofits.

NTEE M24 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

58th percentile

0.59x

Higher debt load relative to revenue than 58% of similar nonprofits.

NTEE M24 • $1M-$5M nonprofits • Source year 2024

Net Margin

54th percentile

20%

Higher net margin than 54% of similar nonprofits.

NTEE M24 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

92nd percentile

$29,641

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 6.2% of source-year revenue.

NTEE M24 • $1M-$5M nonprofits • Source year 2024

Asset Growth

89th percentile

32%

Faster asset growth than 89% of similar nonprofits.

NTEE M24 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

21st percentile

-8.1%

Faster revenue growth than 21% of similar nonprofits.

NTEE M24 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,577,449

Up $378,549 (+32%) from 2023

Liabilities

Up

$284,601

Up $284,601 from 2023

Net Assets

Up

$1,292,848

Up $93,948 (+7.8%) from 2023

Revenue

Down

$479,971

Down $42,274 (-8.1%) from 2023

Expenses

Up

$386,023

Up $52,768 (+16%) from 2023

Net Income

Down

$93,948

Down $95,042 (-50%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2012: $757,632Liabilities 2012: $307,153Net Assets 2012: $450,4792012Assets 2013: $720,134Liabilities 2013: $240,977Net Assets 2013: $479,1572013Assets 2014: $634,290Liabilities 2014: $189,179Net Assets 2014: $445,1112014Assets 2015: $542,775Liabilities 2015: $140,335Net Assets 2015: $402,4402015Assets 2016: $493,445Liabilities 2016: $89,245Net Assets 2016: $404,2002016Assets 2017: $483,417Liabilities 2017: $27,634Net Assets 2017: $455,7832017Assets 2018: $511,464Liabilities 2018: $0Net Assets 2018: $511,4642018Assets 2019: $776,395Liabilities 2019: $230,821Net Assets 2019: $545,5742019Assets 2020: $792,475Liabilities 2020: $197,580Net Assets 2020: $594,8952020Assets 2021: $796,025Liabilities 2021: $163,928Net Assets 2021: $632,0972021Assets 2022: $1,136,948Liabilities 2022: $127,038Net Assets 2022: $1,009,9102022Assets 2023: $1,198,900Liabilities 2023: $0Net Assets 2023: $1,198,9002023Assets 2024: $1,577,449Liabilities 2024: $284,601Net Assets 2024: $1,292,8482024

Highlighted filing

2024

Assets$1,577,449
Liabilities$284,601
Net Assets$1,292,848

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2012: $247,283Expenses 2012: $300,456Net Income 2012: -$53,1732012Revenue 2013: $337,672Expenses 2013: $308,994Net Income 2013: $28,6782013Revenue 2014: $276,031Expenses 2014: $310,077Net Income 2014: -$34,0462014Revenue 2015: $279,736Expenses 2015: $322,407Net Income 2015: -$42,6712015Revenue 2016: $278,071Expenses 2016: $276,311Net Income 2016: $1,7602016Revenue 2017: $288,884Expenses 2017: $237,301Net Income 2017: $51,5832017Revenue 2018: $286,138Expenses 2018: $230,457Net Income 2018: $55,6812018Revenue 2019: $292,079Expenses 2019: $257,969Net Income 2019: $34,1102019Revenue 2020: $321,756Expenses 2020: $272,435Net Income 2020: $49,3212020Revenue 2021: $333,636Expenses 2021: $296,436Net Income 2021: $37,2002021Revenue 2022: $692,567Expenses 2022: $314,752Net Income 2022: $377,8152022Revenue 2023: $522,245Expenses 2023: $333,255Net Income 2023: $188,9902023Revenue 2024: $479,971Expenses 2024: $386,023Net Income 2024: $93,9482024

Highlighted filing

2024

Revenue$479,971
Expenses$386,023
Net Income$93,948

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 15, 2025
Return Version
2023v6.0
Gross Receipts
$479,971
Mission and Program Overview

Mission

The organization's primary mission is fighting fires in the cold water fire district of cabarrus county, north carolina.

Cold water volunteer fire department, inc. Is a non-profit organization formed for the purpose of fighting fires in the cold water fire district of cabarrus county, north carolina.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$601,114$1,226,199▲ $625,085
Cash and Non-Interest-Bearing Accounts$597,786$351,250▼ $246,536
Total Assets$1,198,900$1,577,449▲ $378,549
Liabilities
Mortgage Notes Payable Secured by Investment Property$0$284,601▲ $284,601
Total Liabilities$0$284,601▲ $284,601
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,158,923$1,250,286▲ $91,363
Net Assets With Donor Restrictions$39,977$42,562▲ $2,585
Total Net Assets Fund Balance$1,198,900$1,292,848▲ $93,948
Total Liabilities and Net Assets / Fund Balance$1,198,900$1,577,449▲ $378,549

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$265,195$295,383-
Land$34,684--
Equipment$926,320$1,531,080-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
James PreddyBoard MemberPT$27,535$2,106$29,641
Benjamin PreddyBoard MemberPT$16,760$1,282$18,042
David BlackwelderSecretaryPT$12,740$975$13,715
Tom BlackwelderPresidentPT$12,365$946$13,311
Jason WalkerBoard MemberPT$1,845$141$1,986
Randy LoveVice PresidentPT$1,002$77$1,079
Steven Blackwelder JrBoard MemberPT$405$31$436
John Eury IiiBoard MemberPT$308$24$332

Board Members and Trustees

NameTitle
Carl WalkerBoard Member
James Lentz JrBoard Member
Pam WalkerBoard Member
Janet LentzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$34,186
Program Service Revenue
$436,050
Investment Income
$9,735
Other Revenue
$0
All Other Contributions
$601
Change in Net Assets
$93,948
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$201,526
Salaries, Compensation, and Employee Benefits$184,497
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$155,872$15,416-$171,288
Depreciation Depletion$78,107$7,725-$85,832
All Other Expenses$30,425$1,293-$31,718
Insurance$18,174$1,797-$19,971
Occupancy$16,902$1,672-$18,574
Payroll Taxes$12,021$1,188-$13,209
Fees for Services Accounting$6,961$689-$7,650
Other Expenses$6,690$662-$7,352
Interest$2,625--$2,625
Office Expenses$548$54-$602
Total Functional Expenses$353,079$32,944$0$386,023
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
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
No
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 2

Several members of the board are related to each other.

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

A draft of the 990 was provided to the board members for review before it was filed.

Form 990, Part VI, Section C, Line 19

The organization's governing documents and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Cold Water Volunteer Fire Department
EIN
56-6062579
Phone
7047881870
Address
PO BOX 817, CONCORD, NC 28026

Signing Officer

Name
Janet Lentz
Title
Board Treasurer
Phone
7047881870
Signed
2025-01-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Janet Lentz
Formed
1958
Legal Domicile
Nc
Voting Board Members
11
Independent Board Members
3
Employees
26
Volunteers
0

Preparer

Firm
Potter & Company Pa
Address
434 COPPERFIELD BLVD NE STE A, CONCORD, NC 28025
Preparer
Kenni E Doyle CPA
Phone
7047868189
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The organization has adopted asc 740-10 as it relates to uncertain tax positions for the years ended june 30, 2024 and 2023, and has evaluated its tax positions for all open tax years. However, the organization is not currently under audit nor has the organization been contacted by the internal revenue service. Based on the evaluation of the organization's tax positions, management believes all positions taken would be upheld under an examination. Therefore, no provision for the effects of uncertain tax positions has been recorded for the years ended june 30, 2024 and 2023.

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IRS990/ProgramServiceRevenueGrp/Desc2SALES TAX REFUND
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0335623
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt193223
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt27204
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0335623
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt193223
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt27204
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0104155
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0174559
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0418090
IRS990/PYRevenuesLessExpensesAmt0188990
IRS990/PYSalariesCompEmpBnftPaidAmt0158696
IRS990/PYTotalExpensesAmt0333255
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0522245
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt093948
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0436050
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt034186
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0104155
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt044176
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt033100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt029200
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0244817
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt09735
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt09735
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt011389
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt079470
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0282329
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt04982
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt03281
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0381451
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.83750
IRS990ScheduleA/PublicSupportPY170Pct00.83200
IRS990ScheduleA/PublicSupportTotal170Amt02015586
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt0428846
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt0412775
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt0380237
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt0291108
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0257803
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt01770769
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0463032
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0516930
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0424413
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0324208
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0287003
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02015586
IRS990ScheduleA/TotalSupportAmt02406772
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0265195
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0295383
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0560578
IRS990ScheduleD/EquipmentGrp/BookValueAmt0926320
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01531080
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt02457400
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt034684
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt034684
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ADOPTED ASC 740-10 AS IT RELATES TO UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED JUNE 30, 2024 AND 2023, AND HAS EVALUATED ITS TAX POSITIONS FOR ALL OPEN TAX YEARS. HOWEVER, THE ORGANIZATION IS NOT CURRENTLY UNDER AUDIT NOR HAS THE ORGANIZATION BEEN CONTACTED BY THE INTERNAL REVENUE SERVICE. BASED ON THE EVALUATION OF THE ORGANIZATION'S TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEARS ENDED JUNE 30, 2024 AND 2023.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01226199
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SEVERAL MEMBERS OF THE BOARD ARE RELATED TO EACH OTHER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT OF THE 990 WAS PROVIDED TO THE BOARD MEMBERS FOR REVIEW BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01198900
IRS990/TotalAssetsEOYAmt01577449
IRS990/TotalAssetsGrp/BOYAmt01198900
IRS990/TotalAssetsGrp/EOYAmt01577449
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt034186
IRS990/TotalEmployeeCnt026
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt032944
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0353079
IRS990/TotalFunctionalExpensesGrp/TotalAmt0386023
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt0284601
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0284601
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01198900
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01292848
IRS990/TotalOtherCompensationAmt05582
IRS990/TotalProgramServiceExpensesAmt0353079
IRS990/TotalProgramServiceRevenueAmt0436050
IRS990/TotalReportableCompFromOrgAmt072960
IRS990/TotalRevenueGrp/ExclusionAmt09735
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0436050
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0479971
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01198900
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01577449
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 817
IRS990/USAddress/CityNm0CONCORD
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028026
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.COLDWATERVFD.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JANET LENTZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD TREASURER

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