Midland Volunteer Fire & Rescue Inc
Nonprofit profile at a glance
- EIN
- 561397105
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024
- Location
- Midland, NC, USA
- Phone
- 7048880657
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Fire Prevention
Reported finances
- Revenue
- $2,804,601
- Expenses
- $2,302,608
- Assets
- $5,798,701
- Liabilities
- $1,186,042
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- ALEX MCDANIEL (PRESIDENT)
Highest reported compensation
- DAVID BULLOCK (SECRETARY): $8,175 total reported compensation
- ALEX MCDANIEL (PRESIDENT): $2,599 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Firefighting and rescue
Operating model
- Revenue model
- Grant-funded. 98% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 82
- Accountability: 34
- Sustainability: 70
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 75.9%; rating input score 76
- Program expense ratio: 92.1%; rating input score 92
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 5th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 42.9%; rating input score 43; 7th percentile among comparable filings
- Governance controls: 2 of 9 controls in place; rating input score 22
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 17.9%; rating input score 74; 74th percentile among comparable filings
- Total-asset coverage ratio: 2.52; rating input score 69; 69th percentile among comparable filings
- Liabilities to assets ratio: 0.2; rating input score 43; 43rd percentile among comparable filings
- Officer compensation ratio: 0.5%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 13.3% per year; rating input score 100; 74th percentile among comparable filings
- Revenue growth: 15.9% per year; rating input score 100; 83rd percentile among comparable filings
- Asset growth: 14.9% per year; rating input score 100; 74th percentile among comparable filings
Details
- Where the money goes: 75.9% of revenue deployed · 92.1% of spending went to programs
- Governance: 3 of 7 board members independent · 2 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $2.1M in reported program spending
- Leadership: top reported pay $8K · 7 people listed
- Consistency: 22 of 23 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 8 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Independent voting board scored 43/100.
- High — Accountability: Governance controls: 7 of 9 not reported.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Liabilities to assets ratio scored 43/100.