Owatonna Rural Fire Association (EIN 237186116) - Form 990 Financial Analysis & Trantor Score

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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

1971

Legal Domicile

Phone

5074516980

Tax Period

2024-01-01 to 2024-12-31

Owatonna Rural Fire Association, founded in 1971, is a small nonprofit that reported $189K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $41K, a strong 22% operating margin.

Mission

To provide fire protection services to the greather Owatonna area

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $172,407

Investment Income $16,506

Other Revenue $0

TOTAL REVENUE $188,913

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,350

Fundraising Expenses $0

Program Expenses $148,249

Other Expenses $11,343

TOTAL EXPENSES $148,249

Year-over-Year Comparison

	2024	2023	Change
Revenue	$188,913	$171,336	+0.1%
Expenses	$148,249	$143,959	+0.0%
Net Income	$40,664	$27,377	+0.5%

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

N/A

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
Bonnie Hermel	Bookkeeper	5.00	Director	$0	$0	$0
Eugene Peterson	Board Member	3.00	Director	$0	$0	$0
Brian Schmidt	President	3.00	Officer	$0	$0	$0
Mike Dinse	Secretary	5.00	Officer	$0	$0	$0
Janet Springer	Treasurer	5.00	Officer	$0	$0	$0
Glenn Nelson	Vice President	2.00	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	$188,913	$148,249	$515,816	$40,664
2023	$171,336	$143,959	$475,152	$27,377
2022	$169,073	$153,951	$447,775	$15,122
2021	$176,531	$137,451	$423,197	$39,080
2020	$156,180	$122,426	$384,117	$33,754
2019	$158,616	$147,281	$350,363	$11,335
2018	$153,825	$116,510	$339,028	$37,315

Owatonna Rural Fire Association