FARLEY VOLUNTEER FIRE DEPARTMENT

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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

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

TO PROVIDE FIRE PROTECTION AND AMBULANCE SERVICES FOR FARLEY, IOWA AND THE SURROUNDING RURAL COMMUNITY

Program Service Accomplishments

Program 1

THE ORGANIZATION IS THE SOLE PROVIDER OF FIRE PROTECTION AND AMBULANCE SERVICE FOR FARLEY IOWA AND THE SURROUNING RURAL COMMUNITY AND PROVIDED THIS SERVICE FOR ALL OF 2023.

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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%)

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$85,306	$22,059	$513,843	$63,247