FARLEY VOLUNTEER FIRE DEPARTMENT

EIN: 201758806 501(c)(3) Public Safety

FARLEY, IA

Total Revenue
$85,306
Total Expenses
$22,059
Total Assets
$513,843
Net Assets
$513,843
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
IA
Principal Officer
MEGAN DOLPHIN
Phone
5637443043
Tax Period
2023-01-01 to 2023-12-31

FARLEY VOLUNTEER FIRE DEPARTMENT, founded in 1968, is a micro nonprofit in the Public Safety sector that reported $85K in total revenue in fiscal year 2023. The organization ran a surplus of $63K, a strong 74% operating margin.

Mission

ORGANIZATION PROVIDES FIRE PROTECTION AND AMBULANCE SERVICE FOR FARLEY IOWA AND SURROUNDING RURAL AREA AND TO PROVIDE FIRE SAFETY EDUCATION

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $64,452
Program Service Revenue $0
Investment Income $1,588
Other Revenue $19,266
TOTAL REVENUE $85,306

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $22,059
TOTAL EXPENSES $22,059

Year-over-Year Comparison

2023 2022 Change
Revenue $85,306 N/A N/A
Expenses $22,059 N/A N/A
Net Income $63,247 N/A N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RODNEY KRAMER CHIEF 020.00
Officer
$0 $0 $0
MARTIN BENDA SECRETARY 020.00
Officer
$0 $0 $0
MEGAN DOLPHIN TREASURER 020.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $85,306 $22,059 $513,843 $63,247
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