Civic Intelligence

Valmead Fire & Rescue Department In

EIN 58-1487839 • 501(c)3 • Lenoir, NC

Profile

Volunteer fire department & fire prevention

1757 Main St NWLenoir, NC 28645
Siviq Scores

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

Liabilities / Assets

54th percentile

0.00x

Higher debt load relative to assets than 54% of similar nonprofits.

NTEE M24 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

55th percentile

0.01x

Higher debt load relative to revenue than 55% of similar nonprofits.

NTEE M24 • $500k-$1M nonprofits • Source year 2024

Net Margin

75th percentile

38%

Higher net margin than 75% of similar nonprofits.

NTEE M24 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

82nd percentile

$0

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE M24 • $500k-$1M nonprofits • Source year 2024

Asset Growth

91st percentile

25%

Faster asset growth than 91% of similar nonprofits.

NTEE M24 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

67th percentile

19%

Faster revenue growth than 67% of similar nonprofits.

NTEE M24 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$760,933

Up $149,935 (+25%) from 2023

Liabilities

Down

$2,845

Down $988 (-26%) from 2023

Net Assets

Up

$758,088

Up $150,923 (+25%) from 2023

Revenue

Up

$399,691

Up $64,567 (+19%) from 2023

Expenses

Down

$248,768

Down $82,383 (-25%) from 2023

Net Income

Up

$150,923

Up $146,950 (+3699%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2011: $467,453Liabilities 2011: $405,385Net Assets 2011: $62,0682011Assets 2012: $386,995Liabilities 2012: $388,873Net Assets 2012: -$1,8782012Assets 2013: $312,868Liabilities 2013: $398,067Net Assets 2013: -$85,1992013Assets 2014: $299,454Liabilities 2014: $376,277Net Assets 2014: -$76,8232014Assets 2015: $294,055Liabilities 2015: $349,693Net Assets 2015: -$55,6382015Assets 2016: $317,097Liabilities 2016: $327,812Net Assets 2016: -$10,7152016Assets 2017: $383,166Liabilities 2017: $281,986Net Assets 2017: $101,1802017Assets 2018: $353,773Liabilities 2018: $208,407Net Assets 2018: $145,3662018Assets 2019: $405,899Liabilities 2019: $126,407Net Assets 2019: $279,4922019Assets 2020: $458,462Liabilities 2020: $95,002Net Assets 2020: $363,4602020Assets 2021: $544,941Liabilities 2021: $796Net Assets 2021: $544,1452021Assets 2022: $606,304Liabilities 2022: $3,112Net Assets 2022: $603,1922022Assets 2023: $610,998Liabilities 2023: $3,833Net Assets 2023: $607,1652023Assets 2024: $760,933Liabilities 2024: $2,845Net Assets 2024: $758,0882024

Highlighted filing

2024

Assets$760,933
Liabilities$2,845
Net Assets$758,088

Operations Trend

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

$400K$200K$0-$200KExpenses 2011: $236,6832011Revenue 2012: $135,810Expenses 2012: $199,756Net Income 2012: -$63,9462012Revenue 2013: $149,891Expenses 2013: $233,212Net Income 2013: -$83,3212013Revenue 2014: $169,066Expenses 2014: $160,690Net Income 2014: $8,3762014Revenue 2015: $180,489Expenses 2015: $159,304Net Income 2015: $21,1852015Revenue 2016: $177,228Expenses 2016: $132,305Net Income 2016: $44,9232016Revenue 2017: $239,210Expenses 2017: $124,740Net Income 2017: $114,4702017Revenue 2018: $180,523Expenses 2018: $136,337Net Income 2018: $44,1862018Revenue 2019: $253,683Expenses 2019: $119,557Net Income 2019: $134,1262019Revenue 2020: $228,662Expenses 2020: $144,694Net Income 2020: $83,9682020Revenue 2021: $335,843Expenses 2021: $155,158Net Income 2021: $180,6852021Revenue 2022: $257,201Expenses 2022: $198,154Net Income 2022: $59,0472022Revenue 2023: $335,124Expenses 2023: $331,151Net Income 2023: $3,9732023Revenue 2024: $399,691Expenses 2024: $248,768Net Income 2024: $150,9232024

Highlighted filing

2024

Revenue$399,691
Expenses$248,768
Net Income$150,923

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.61$0.03$7.58$4.00$2.49$1.51
2023Detailed filing. Detailed filing data is available for this year.$6.11$0.04$6.07$3.35$3.31$0.04
2022Detailed filing. Detailed filing data is available for this year.$6.06$0.03$6.03$2.57$1.98$0.59
2021Detailed filing. Detailed filing data is available for this year.$5.45$0.01$5.44$3.36$1.55$1.81
2020Detailed filing. Detailed filing data is available for this year.$4.58$0.95$3.63$2.29$1.45$0.84
2019Detailed filing. Detailed filing data is available for this year.$4.06$1.26$2.79$2.54$1.20$1.34
2018Summary only. Only limited summary data is available for this year.$3.54$2.08$1.45$1.81$1.36$0.44
2017Summary only. Only limited summary data is available for this year.$3.83$2.82$1.01$2.39$1.25$1.14
2016Summary only. Only limited summary data is available for this year.$3.17$3.28$0.11$1.77$1.32$0.45
2015Summary only. Only limited summary data is available for this year.$2.94$3.50$0.56$1.80$1.59$0.21
2014Summary only. Only limited summary data is available for this year.$2.99$3.76$0.77$1.69$1.61$0.08
2013Summary only. Only limited summary data is available for this year.$3.13$3.98$0.85$1.50$2.33$0.83
2012Summary only. Only limited summary data is available for this year.$3.87$3.89$0.02$1.36$2.00$0.64
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.67$4.05$0.62$2.37
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 28, 2025
Return Version
2023v6.0
Gross Receipts
$399,691
Mission and Program Overview

Mission

Volunteer fire department & fire prevention

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$607,165$758,088▲ $150,923
Land, Buildings, and Equipment, Net$220,408$397,380▲ $176,972
Cash and Non-Interest-Bearing Accounts$275,471$243,954▼ $31,517
Savings and Temporary Cash Investments$109,933$113,670▲ $3,737
Total Assets$610,998$760,933▲ $149,935
Other Assets Total$5,186$5,929▲ $743
Liabilities
Accounts Payable and Accrued Expenses$3,383$2,395▼ $988
Other Liabilities$450$450→ $0
Total Liabilities$3,833$2,845▼ $988
Net Assets / Fund Balance
Total Net Assets Fund Balance$607,165$758,088▲ $150,923
Total Liabilities and Net Assets / Fund Balance$610,998$760,933▲ $149,935

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$31,799$107,219-
Other Land Buildings$317,683$1,402,722-
Land$12,000--
Equipment$35,898$37,525-
Other Assets Org$743--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Chris BarlowPresident
Mark YatesVice President
Chad GraggDirector
Maurice YatesDirector
Myra ShoreDirector
Richard SaundersDirector
Todd HawkinsDirector
Teri CoxSecretary
Terrance BannerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$182,189
Program Service Revenue
$198,222
Investment Income
$3,933
Other Revenue
$15,347
Change in Net Assets
$150,923
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$188,602
Salaries, Compensation, and Employee Benefits$60,166
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$60,166--$60,166
All Other Expenses$59,276--$59,276
Depreciation Depletion$55,610--$55,610
Insurance$11,434--$11,434
Occupancy$8,587--$8,587
Other Expenses$5,494--$5,494
Office Expenses$3,402--$3,402
Fees for Services Accounting$2,255--$2,255
Fees for Services Legal$2,180--$2,180
Total Functional Expenses$248,768$0$0$248,768
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Adjusting Entry 2021$450
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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 governing body review Part VI line 11

No review was or will be conducted

Governing documents etc available to public Part VI line 19

All documents are kept at the fire department and are available upon request

Filing and Contact Details

Filer

Filer Name
Valmead Fire & Rescue Department in
EIN
58-1487839
Address
1757 MAIN ST NW, LENOIR, NC 28645

Signing Officer

Name
Chris Barlowe
Title
President
Signed
2025-02-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terrance Banner
Formed
1958
Legal Domicile
Nc
Voting Board Members
8
Independent Board Members
0
Employees
13
Volunteers
30

Preparer

Firm
Doug Sprinkle Accountant
Address
1418 Blowing Rock Blvd, Lenoir, NC 28645
Preparer
Doris Freeman
Phone
8287584082
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

See attached overflow statement

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1552
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2743
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ADJUSTING ENTRY 2020
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ADJUSTING ENTRY 2022
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ADJUSTING ENTRY 2023
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ADJUSTING ENTRY 2021
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL DOCUMENTS ARE KEPT AT THE FIRE DEPARTMENT AND ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SEE ATTACHED OVERFLOW STATEMENT
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2List of other expenses Part IX line 24e
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRIS BARLOWE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VALMEAD FIRE & RESCUE DEPARTMENT IN
ReturnHeader/Filer/BusinessNameControlTxt0VALM
ReturnHeader/Filer/EIN0581487839
ReturnHeader/Filer/USAddress/AddressLine1Txt01757 MAIN ST NW
ReturnHeader/Filer/USAddress/CityNm0LENOIR
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028645
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0813059157
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DOUG SPRINKLE ACCOUNTANT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01418 Blowing Rock Blvd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Lenoir
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028645
ReturnHeader/PreparerPersonGrp/PhoneNum08287584082
ReturnHeader/PreparerPersonGrp/PreparationDt02025-02-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DORIS FREEMAN
ReturnHeader/ReturnTs02025-02-28T06:46:46-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01

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