Civic Intelligence

Walnut Cove Volunteer Fire Department and Rescue Squad Incorp

990 • Fiscal year 2019 • EIN 58-1574224

Jul 01, 2018 to Jun 30, 2019 • Filed on Oct 04, 2019

PO Box 532Walnut Cove, NC 27052

(336) 591-4477

Siviq Scores

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

Liabilities / Assets

86th percentile

0.48x

Higher debt load relative to assets than 86% of similar nonprofits.

2019 filings • NTEE M24Z • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

73rd percentile

1.37x

Higher debt load relative to revenue than 73% of similar nonprofits.

2019 filings • NTEE M24Z • $1M-$5M nonprofits • Source year 2019

Net Margin

10th percentile

-16%

Higher net margin than 10% of similar nonprofits.

2019 filings • NTEE M24Z • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

80th percentile

$8,220

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2019 filings • NTEE M24Z • $1M-$5M nonprofits • Source year 2019

Asset Growth

11th percentile

-5.7%

Faster asset growth than 11% of similar nonprofits.

2019 filings • NTEE M24Z • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

78th percentile

14%

Faster revenue growth than 78% of similar nonprofits.

2019 filings • NTEE M24Z • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$1,192,399

Down $72,523 (-5.7%) from 2018

Net Assets

Down

$617,690

Down $66,345 (-9.7%) from 2018

Liabilities

Down

$574,709

Down $6,178 (-1.1%) from 2018

Revenue

Up

$419,286

Up $51,850 (+14%) from 2018

Expenses

Up

$485,631

Up $48,319 (+11%) from 2018

Net Income

Up

-$66,345

Up $3,531 (+5.1%) from 2018

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,010,944Liabilities 2011: $138,789Net Assets 2011: $872,1552011Assets 2012: $1,333,675Liabilities 2012: $455,661Net Assets 2012: $878,0142012Assets 2013: $1,280,632Liabilities 2013: $430,147Net Assets 2013: $850,4852013Assets 2014: $1,152,327Liabilities 2014: $860,933Net Assets 2014: $291,3942014Assets 2015: $1,132,400Liabilities 2015: $275,267Net Assets 2015: $857,1332015Assets 2016: $1,517,756Liabilities 2016: $661,059Net Assets 2016: $856,6972016Assets 2017: $1,375,668Liabilities 2017: $621,757Net Assets 2017: $753,9112017Assets 2018: $1,264,922Liabilities 2018: $580,887Net Assets 2018: $684,0352018Assets 2019: $1,192,399Liabilities 2019: $574,709Net Assets 2019: $617,6902019Assets 2020: $1,023,571Liabilities 2020: $499,596Net Assets 2020: $523,9752020Assets 2021: $1,639,108Liabilities 2021: $455,537Net Assets 2021: $1,183,5712021Assets 2022: $1,448,030Liabilities 2022: $409,537Net Assets 2022: $1,038,4932022Assets 2023: $1,307,971Liabilities 2023: $362,195Net Assets 2023: $945,7762023Assets 2024: $1,153,604Liabilities 2024: $313,344Net Assets 2024: $840,2602024Assets 2025: $1,184,211Liabilities 2025: $262,732Net Assets 2025: $921,4792025

Highlighted filing

2019

Assets$1,192,399
Liabilities$574,709
Net Assets$617,690

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $246,608Expenses 2011: $206,992Net Income 2011: $39,6162011Revenue 2012: $253,382Expenses 2012: $247,523Net Income 2012: $5,8592012Revenue 2013: $304,877Expenses 2013: $332,406Net Income 2013: -$27,5292013Revenue 2014: $354,333Expenses 2014: $343,885Net Income 2014: $10,4482014Revenue 2015: $357,810Expenses 2015: $361,610Net Income 2015: -$3,8002015Revenue 2016: $379,194Expenses 2016: $379,630Net Income 2016: -$4362016Revenue 2017: $372,238Expenses 2017: $475,024Net Income 2017: -$102,7862017Revenue 2018: $367,436Expenses 2018: $437,312Net Income 2018: -$69,8762018Revenue 2019: $419,286Expenses 2019: $485,631Net Income 2019: -$66,3452019Revenue 2020: $407,111Expenses 2020: $500,826Net Income 2020: -$93,7152020Revenue 2021: $1,175,433Expenses 2021: $515,837Net Income 2021: $659,5962021Revenue 2022: $511,816Expenses 2022: $656,894Net Income 2022: -$145,0782022Revenue 2023: $570,034Expenses 2023: $662,751Net Income 2023: -$92,7172023Revenue 2024: $603,378Expenses 2024: $708,894Net Income 2024: -$105,5162024Revenue 2025: $873,705Expenses 2025: $792,486Net Income 2025: $81,2192025

Highlighted filing

2019

Revenue$419,286
Expenses$485,631
Net Income-$66,345
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Oct 4, 2019
Return Version
2018v3.1
Gross Receipts
$419,286
Mission and Program Overview

Mission

To provide fire and rescue services within the department's service area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$980,245$963,512▼ $16,733
Savings and Temporary Cash Investments$284,677$228,891▼ $55,786
Cash and Non-Interest-Bearing Accounts-$-4-
Total Assets$1,264,922$1,192,399▼ $72,523
Liabilities
Mortgage Notes Payable Secured by Investment Property$580,887$574,709▼ $6,178
Total Liabilities$580,887$574,709▼ $6,178
Net Assets / Fund Balance
Unrestricted Net Assets$684,035$617,690▼ $66,345
Total Net Assets Fund Balance$684,035$617,690▼ $66,345
Total Liabilities and Net Assets / Fund Balance$1,264,922$1,192,399▼ $72,523

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$475,637$1,668,721$2,144,358
Buildings$487,875$551,500$1,039,375
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Brian BooeChiefPT$8,220$8,220
Steve CraigDirectorPT$7,605$7,605
Randal PriceDirectorPT$4,403$4,403

Board Members and Trustees

NameTitle
Tommy FaggChairman
Greg TeagueVice Chairma
Brad CheekDirector
Brian AlleyDirector
Tommy BallDirector
Kim LewisSecretary
John HawkinsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$411,863
Program Service Revenue
$0
Investment Income
$159
Other Revenue
$7,264
All Other Contributions
$3,560
Change in Net Assets
$-66,345

Audited Revenue Reconciliation

Revenue per Audited Statements
$419,286
Total Revenue per Audited Statements
$419,286
Total Revenue per Form 990
$419,286
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$404,385
Salaries, Compensation, and Employee Benefits$81,246
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$182,347--$182,347
Other Salaries and Wages$54,528--$54,528
All Other Expenses$30,650--$30,650
Insurance$30,179--$30,179
Current Officers, Directors, Trustees, and Key Employees$20,228--$20,228
Occupancy$17,855--$17,855
Interest$17,163--$17,163
Other Expenses$11,485--$11,485
Fees for Services Accounting-$9,554-$9,554
Office Expenses-$9,167-$9,167
Payroll Taxes$6,490--$6,490
Conferences and Meetings$4,446--$4,446
Total Functional Expenses$466,910$18,721$0$485,631

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$485,631
Expenses per Audited Statements$303,284
Total Expenses per Audited Statements$303,284
Expenses Not Reported on Financial Statements$182,347
Other Expense Adjustments$182,347
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
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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, Page 6, Part VI, Line 11B

The treasurer of the board receives the tax return and reviews the return with the auditor before it is filed.

Form 990, Page 6, Part VI, Line 12C

Discussions are held at board meetings on a periodic basis.

Form 990, Page 6, Part VI, Line 19

The documents are readily available when asked to see at the fire department.

Filing and Contact Details

Filer

Filer Name
Walnut Cove Volunteer Fire
EIN
58-1574224
Phone
3365914477
Address
PO BOX 532, WALNUT COVE, NC 27052

Signing Officer

Name
John Hawkins
Title
Treasurer
Phone
3364032714
Signed
2019-10-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tommy Fagg
Formed
1956
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
12
Volunteers
25

Preparer

Firm
Cannon & Company Llp
Address
2160 COUNTRY CLUB RD, WINSTONSALEM, NC 27104-4208
Preparer
William B Amburn
Phone
3367250635
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The department is entitled to exemption from federal and north carolina income taxation under internal revenue code section 501(c)(3) and is not a private foundation. Accordingly, the accompanying financial statements do not reflect a provision or liability for federal or state income taxes. The department has determined that it does not have any material unrecognized tax benefits or obligations as of june 30, 2019. Years ending on or after june 30, 2016 remain subject to examination by federal and state authorities.

Schedule D, Page 4, Part XII, Line 4B

DEPRECIATION 182,347

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MOTOR FUEL TAX REFUND 3,155 SALES TAX REFUND 22,666 OTHER 10,870
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt023092
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE DEPARTMENT IS ENTITLED TO EXEMPTION FROM FEDERAL AND NORTH CAROLINA INCOME TAXATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND IS NOT A PRIVATE FOUNDATION. ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL OR STATE INCOME TAXES. THE DEPARTMENT HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2019. YEARS ENDING ON OR AFTER JUNE 30, 2016 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DEPRECIATION 182,347
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 4B
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IRS990ScheduleD/TotalRevenuePerForm990Amt0419286
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0419286
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0303284
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TREASURER OF THE BOARD RECEIVES THE TAX RETURN AND REVIEWS THE RETURN WITH THE AUDITOR BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DISCUSSIONS ARE HELD AT BOARD MEETINGS ON A PERIODIC BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DOCUMENTS ARE READILY AVAILABLE WHEN ASKED TO SEE AT THE FIRE DEPARTMENT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt018721
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0466910
IRS990/TotalFunctionalExpensesGrp/TotalAmt0485631
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0580887
IRS990/TotalLiabilitiesEOYAmt0574709
IRS990/TotalLiabilitiesGrp/BOYAmt0580887
IRS990/TotalLiabilitiesGrp/EOYAmt0574709
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0684035
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0617690
IRS990/TotalProgramServiceExpensesAmt0466910
IRS990/TotalReportableCompFromOrgAmt020228
IRS990/TotalRevenueGrp/ExclusionAmt0159
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt07264
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0419286
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01264922
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01192399
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UnrestrictedNetAssetsGrp/BOYAmt0684035
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IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-01-14 16:20:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN HAWKINS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03364032714
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WALNUT COVE VOLUNTEER FIRE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0DEPARTMENT
ReturnHeader/Filer/BusinessNameControlTxt0WALN
ReturnHeader/Filer/EIN0581574224
ReturnHeader/Filer/PhoneNum03365914477
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ReturnHeader/Filer/USAddress/CityNm0WALNUT COVE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02019-10-04
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm009:10:30
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0560727655
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CANNON & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02160 COUNTRY CLUB RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WINSTONSALEM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0271044208
ReturnHeader/PreparerPersonGrp/PhoneNum03367250635
ReturnHeader/PreparerPersonGrp/PreparationDt02019-10-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM B AMBURN
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-10-04T09:10:30-05:00
ReturnHeader/ReturnTypeCd0990

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.18$0.26$0.92$0.87$0.79$0.08
2024Detailed filing. Detailed filing data is available for this year.$1.15$0.31$0.84$0.60$0.71$0.11
2023Detailed filing. Detailed filing data is available for this year.$1.31$0.36$0.95$0.57$0.66$0.09
2022Detailed filing. Detailed filing data is available for this year.$1.45$0.41$1.04$0.51$0.66$0.15
2021Detailed filing. Detailed filing data is available for this year.$1.64$0.46$1.18$1.18$0.52$0.66
2020Detailed filing. Detailed filing data is available for this year.$1.02$0.50$0.52$0.41$0.50$0.09
2019Detailed filing. Detailed filing data is available for this year.$1.19$0.57$0.62$0.42$0.49$0.07
2018Detailed filing. Detailed filing data is available for this year.$1.26$0.58$0.68$0.37$0.44$0.07
2017Detailed filing. Detailed filing data is available for this year.$1.38$0.62$0.75$0.37$0.48$0.10
2016Summary only. Only limited summary data is available for this year.$1.52$0.66$0.86$0.38$0.38$0.00
2015Summary only. Only limited summary data is available for this year.$1.13$0.28$0.86$0.36$0.36$0.00
2014Summary only. Only limited summary data is available for this year.$1.15$0.86$0.29$0.35$0.34$0.01
2013Summary only. Only limited summary data is available for this year.$1.28$0.43$0.85$0.30$0.33$0.03
2012Summary only. Only limited summary data is available for this year.$1.33$0.46$0.88$0.25$0.25$0.01
2011Summary only. Only limited summary data is available for this year.$1.01$0.14$0.87$0.25$0.21$0.04
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)3 • $1M-$5M nonprofits