MCKINLEY FIRE CO NO 1

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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

1906

Legal Domicile

Principal Officer

RALPH YERKES

Phone

2155726096

Tax Period

2023-01-01 to 2023-12-31

MCKINLEY FIRE CO NO 1, founded in 1906, is a small nonprofit in the Public Safety sector that reported $383K in total revenue in fiscal year 2023. Net assets of $1.8M represent 57 months of operating reserves.

Mission

TO PROTECT LIVES AND PROPERTY

Program Service Accomplishments

Program 1

Expenses: $329,482

THE FIRE COMPANY WAS ORGANIZED TO PROTECT LIVES AND PROPERTY FROM INJURY, DEATH, DAMAGE OR DESTRUCTION BY FIRE, AND FOR THIS PURPOSE MAINTAIN A BUILDING TO STORE ITS FIRE APPARATUS. THE FIRE COMPANY...

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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 $352,352

Program Service Revenue $0

Investment Income $7,896

Other Revenue $22,662

TOTAL REVENUE $382,910

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $329,482

Other Expenses $374,852

TOTAL EXPENSES $374,852

Year-over-Year Comparison

	2023	2022	Change
Revenue	$382,910	$363,046	+0.1%
Expenses	$374,852	$304,252	+0.2%
Net Income	$8,058	$58,794	-0.9%

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

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
RALPH YERKES	PRESIDENT	8.00	Officer Director	$0	$0	$0
PAUL CONROY	VICE PRESIDENT	8.00	Officer Director	$0	$0	$0
LEN NICHOLAS	SECRETARY	8.00	Officer Director	$0	$0	$0
SHAWN D PHILIPSEN	DIRECTOR/CHIEF	8.00	Officer Director	$0	$0	$0
WALTER BLASY	TREASURER	8.00	Officer	$0	$0	$0
WALLY CHAPLA	ASSISTANT CHIEF	8.00	Officer	$0	$0	$0
JERRY HINES	CAPTAIN	8.00	Officer	$0	$0	$0
PAUL BAKER	LIEUTENANT	8.00	Officer	$0	$0	$0
FRANK PLOSZAY	CHIEF ENGINEER	8.00	Officer	$0	$0	$0
ART MOORE	ASSISTANT ENGINEER	8.00	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	$382,910	$374,852	$2,325,390	$8,058
2022	$363,046	$304,252	$2,271,672	$58,794
2021	$384,081	$256,155	$1,679,343	$127,926
2020	$326,090	$260,861	$1,575,748	$65,229
2019	$370,991	$263,686	$1,504,157	$107,305
2018	$293,215	$265,751	$1,429,878	$27,464