LITTLE CANADA VOLUNTEER FIRE DEPT

EIN: 237436378 501(c)(3)

LITTLE CANADA, MN

Total Revenue
$694,938
Total Expenses
$744,588
Total Assets
$1,231,571
Net Assets
$1,231,571
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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
1945
Legal Domicile
MN
Principal Officer
DON SMILEY
Tax Period
2023-01-01 to 2023-12-31

LITTLE CANADA VOLUNTEER FIRE DEPT, founded in 1945, is a small nonprofit that reported $695K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

FIRE PREVENTION AND PROTECTION

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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 $0
Program Service Revenue $463,190
Investment Income $21,629
Other Revenue $210,119
TOTAL REVENUE $694,938

Expense Breakdown

Grants Paid $257,187
Salaries & Benefits $216,662
Fundraising Expenses $0
Program Expenses $728,814
Other Expenses $270,739
TOTAL EXPENSES $744,588

Year-over-Year Comparison

2023 2022 Change
Revenue $694,938 $603,688 +0.2%
Expenses $744,588 $659,892 +0.1%
Net Income $-49,650 $-56,204 -0.1%
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
7
Independent Members
7
Employees
52
Volunteers
35

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
5
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE ANDERSON DIRECTOR 2.00
Director
$0 $0 $0
CHRIS JAEDE DIRECTOR 2.00
Director
$0 $0 $0
KEVIN KEENAN 2ND ASST CHIEFVP 5.00
Officer
$0 $0 $0
TIM BOSS FIRST ASSISTANT CHIEFVP 7.00
Officer
$0 $0 $0
DON SMILEY FIRE CHIEF 20.00
Officer
$0 $0 $0
NICK SCHWALBACH TREASURER 7.00
Officer
$0 $0 $0
BRYCE SHEAREN SECRETARY 10.00
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 $694,938 $744,588 $1,231,571 $-49,650
2022 $603,688 $659,892 $1,192,572 $-56,204
2021 $689,541 $709,485 $1,385,552 $-19,944
2020 $514,032 $596,833 $1,304,074 $-82,801
2019 $529,317 $506,857 $1,344,450 $22,460
2018 $510,672 $508,132 $1,126,787 $2,540
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