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PeerBasis
Compensation Comparability Determination

Cold Water Volunteer Fire Department

Executive Director / CEO

EIN 566062579
NC · NTEE M24
FY ending 2024-06-30
June 9, 2026

This analysis benchmarks the total compensation of Tom Blackwelder, Executive Director / CEO ($13,311) against every comparable organization that fit the selection criteria — 45 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 49th percentile of comparable organizationswithin the typical range

Benchmarked executive: Tom Blackwelder — reported title “PRESIDENT”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

45 organizations qualified on sector, size, and geography 45 within the band form the benchmarked peer set.

Distribution of comparable compensation

$352 total compensation of comparable organizations → $82,936 $13,311
$1,86010th
$6,34025th
$14,029Median
$24,20575th
$56,98490th
$13,311This org · 49th
p10$1,860
p25$6,340
p50$14,029
p75$24,205
p90$56,984
$13,311

Comparable organizations

Each figure is Form 990 Part VII columns D + F (reportable pay plus other compensation and benefits; column F may include amounts from related organizations), normalized to NC cost of living (BEA RPP, 2023) and to its filing year (CPI-U); the reported amount is on each linked 990.

OrganizationStateRevenueMatched titleComp
(reported)
Comp
(adjusted)
FY
Fire District 28 Inc NC$468,115 Chief $68,549 $68,549 2024
Holly Grove Fire Department Inc NC$495,181 Vice President $36,210 $35,277 2025
Central Alexander Fire Department NC$463,632 Chief/ex Off $24,845 $24,205 2025
Parkton Fire And Rescue Inc NC$462,628 Fire Chief $5,760 $5,760 2024
Central Fire Department Of Davidson County Inc NC$505,044 Secretary $2,003 $1,951 2025
East Nash Volunteer Fire NC$511,286 President $14,400 $14,029 2025
Ronda Community Vol Fire Dept Inc NC$442,014 Member $7,800 $7,800 2024
Seagrove Rural Volunteer Fire Depar NC$524,577 Fire Chief $352 $352 2024
Caldwell Fire Department Inc NC$524,624 Chief $35,844 $35,844 2024
South Stokes Volunteer Fire NC$525,099 Treasurer $4,342 $4,342 2024
Lowell Volunteer Fire Dept NC$433,397 Fire Chief $22,921 $22,921 2024
Creedmoor Volunteer Fire Department NC$426,446 Assistant Fire Chief $8,400 $8,648 2023
Little River Fire Department Inc NC$422,636 Vice President $5,369 $5,528 2023
Shanghai Volunteer Fire Department NC$544,791 Chief $11,554 $11,895 2023
Number Seven Volunteer Fire Department Inc NC$551,081 Chief Board Member $6,908 $6,730 2025
County Line Volunteer Fire Dept NC$554,294 Director $14,200 $14,619 2023
Leaksville Volunteer Fire Dept NC$402,463 Secretary $40,636 $41,836 2023
Arlington Fire & Rescue Inc NC$567,224 Sec-tres. $1,800 $1,800 2024
Beeson Crossroads Fire & Rescue Inc NC$572,360 President $3,311 $3,311 2024
Watkins Community Volunteer Fire NC$576,199 Fire Chief $13,029 $13,029 2024
Deep Branch Volunteer Fire Department Inc NC$382,825 Member $6,158 $6,340 2023
Winterville Rescue & Ems Inc NC$577,346 Asst Chief $33,258 $32,401 2025
Cedar Grove Fire Department Inc NC$379,270 Fire Chief $67,083 $67,083 2024
Franklin Community Volunteer Fire Dept Inc NC$583,772 Fire Chief $15,000 $15,000 2024
Tabernacle Volunteer Fire Department Inc NC$588,439 Chief $913 $940 2023

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to NC cost of living and 2024 dollars. Click any organization to verify the figure on ProPublica.

Methodology

Comparable organizations were drawn from electronically filed IRS Form 990 returns and matched on sector (NTEE code), budget (a size-adaptive revenue band that tightens as the organization grows), and geography (same-state first, broadening only when too few peers qualify); every organization within the band forms the peer set. To compare fairly across regions and years, peer compensation is normalized to NC cost of living (BEA Regional Price Parities, 2023) and to the subject's filing year (CPI-U). The figure benchmarked is Form 990 Part VII, Section A, columns D + F — reportable pay plus other compensation, benefits, and deferred amounts (column F may include amounts from related organizations) — with the chief executive matched by role. Related-organization amounts (column E) and institutional trustees are excluded. Full methodology: peerbasis.org/methodology.

Sample, role match & sensitivity

Sensitivity — the subject's percentile under alternative compensation definitions:

BasisSubject percentile
Total compensation (D + F), cost-of-living + inflation adjusted — the PeerBasis default49th
Total compensation (D + F), as reported (no adjustments)49th
Reportable pay only (column D), adjusted47th
All sources (D + E + F), adjusted49th

If the percentile moves materially across these definitions, the result is sensitive to methodology choices, and the board should weigh which basis best fits its facts.

Rebuttable presumption of reasonableness · 26 CFR 53.4958-6

Compensation paid by a tax-exempt organization is presumed reasonable — shifting the burden to the IRS — when three requirements are met. This report supplies the comparability data for the second. The board should record the following in its minutes concurrently with its decision:

Draft board minutes — executive compensation

  1. The compensation of the Executive Director / CEO (Tom Blackwelder) was approved in advance by [the Board / Compensation Committee], composed of members with no conflict of interest with respect to the arrangement.
  2. Prior to its determination, the authorized body obtained and relied upon appropriate comparability data, namely the PeerBasis Compensation Comparability Determination dated June 9, 2026, comparing compensation against 45 similarly situated organizations (Same NTEE sector (M24) + NC + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $13,311 is reasonable (approximately the 49th percentile of comparable organizations) and documented the basis for this determination concurrently, on [date], by a vote of [__ for / __ against].

Sources: IRS Form 990 e-file data (apps.irs.gov); IRS Business Master File (NTEE classification). Every figure traces to an original public filing — click any organization above to verify it on ProPublica. PeerBasis is a service of Prismind Analytics; its methodology is published, was commissioned for independent adversarial review, and discloses its own limitations. This report is comparability data to support a board's good-faith determination under IRC 4958; it is not legal or tax advice. Generated by PeerBasis on June 9, 2026.