Spruce Pine Fire and Rescue Squad INC EIN 56-6058708

Spruce Pine Fire and Rescue Squad INC

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Spruce Pine Fire and Rescue Squad INC is a membership association based in Spruce Pine, NC, formed in 1974. For fiscal year 2024 it reported $539K in revenue, $586K in expenses, and $2.6M in net assets.Pt I

Founded
1974
Type
Membership association · Public Safety & Disaster
Location
Spruce Pine, NC
Filings
5 on file (2020–2024)
Revenue
$539KFY2024
Expenses
$586K
Net assets
$2.6M
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  56-6058708 Membership association Spruce Pine, NC Founded 1974
Form 990 (PDF)
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Size
$100K–1M
What they do
a membership association
Leadership
Roger Wilson · Vice Pres
Money in and out
$539K revenue, $586K expenses
Bottom line
-9% operating surplus
Membership & operating revenue · FY2024
Total revenue
$539K
Pt VIII · Ln 12
Total expenses
$586K
Pt IX · Ln 25
Net assets
$2.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$48K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.10
Operating surplus
-9%
revenue over expenses▲ +69% vs prior filing year
Earned revenue
0%
of revenue from program services & dues
Payroll share
6%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$539K
FY2024▲ +30%
Expenses
$586K
FY2024▲ +10%
Total assets
$3.3M
FY2024▼ -3%
Total liabilities
$725K
FY2024▼ -5%
Total revenue
$539K
Pt VIII · Ln 12
Total expenses
$586K
Pt IX · Ln 25
Net assets
$2.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$48K
Total assetsPt X · Ln 16$3.3M
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $525K of program spending, described in the organization's own filed words · FY2024.
01

Responsible for providing volunteer fire and rescue service to designated district

$525Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSpruce Pine Fire and Rescue Squad INC
EINHdr · item D56-6058708
Principal addressHdr · item CSpruce Pine, NC
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1974
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFPublic Safety & Disaster (M24)
Ruling yearIRS BMFSep 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Vice Pres
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants99%$535K
Investment income$1K
Other revenue$2K
— government grantsLn 1e$517K
Total revenueLn 12$539K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.10
Program services90%$525K
Management & general10%$61K
Total functional expensesLn 25$586K

Balance Sheet

Part X · end of year
CashLn 1$664K
Total assetsLn 16$3.3M
Total liabilitiesLn 26$725K
Total net assetsLn 32$2.6M
Months of cash on handcomputed13.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $664K · Operating expenses/yr $586K
13.6 months
Where the money goes
Program services
Program services $525K · Total expenses $586K
90%
Management & General
Management & general $61K · Total expenses $586K
10%
Fundraising
Fundraising $0 · Total expenses $586K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $253 · Solicited contributions (3-yr avg) $11K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $535K · Total revenue $539K
99%
Government reliance
Government grants $517K · Total revenue $539K
96%
Earned-income share
Program service revenue $0 · Total revenue $539K
0%
Investment reliance
Investment income $1K · Total revenue $539K
+0.2%
Program self-sufficiency
Program service revenue $0 · Total expenses $586K
0%
Growth & trend
Revenue growth (YoY)
This year $539K · Prior year $414K
+30%
Revenue CAGR
FY2019 $355K · FY2024 $539K
+9%
Net-asset trend (YoY)
End of year $2.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $539K · Expenses $586K
-9%
Liabilities-to-Assets
Total liabilities — · Total assets $3.3M
Net-asset ratio
Net assets $2.6M · Total assets $3.3M
78%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.3M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Roger Wilson · Reported title VICE PRES · Highest reported compensation $0 · Total expenses $586K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $38K · Total expenses $586K
6%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 10%
Revenue growth 30%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$414K revenue · ⤓ 990 PDF
FY2023$526K revenue · ⤓ 990 PDF
FY2022$308K revenue · ⤓ 990 PDF
FY2021$334K revenue · ⤓ 990 PDF
FY2020$355K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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