FREEPORT RURAL FIRE ASSOCIATION (EIN 237452181) - 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

1949

Legal Domicile

Principal Officer

JIM GONZALES

Phone

2699454010

Tax Period

2024-03-01 to 2025-02-28

FREEPORT RURAL FIRE ASSOCIATION, founded in 1949, is a small nonprofit that reported $158K in total revenue in fiscal year 2024. Net assets of $573K represent 44 months of operating reserves.

Mission

THIS ORANIZATION PROVIDES EMERGENCY FIRE SERVICES AND MEDICAL FIRST RESPONSE TO LOCAL RESIDENTS THAT MIGHT OTHERWISE BE WITHOUT FIRE 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $146,582

Program Service Revenue $0

Investment Income $930

Other Revenue $10,046

TOTAL REVENUE $157,558

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,881

Program Expenses $158,285

Other Expenses $167,137

TOTAL EXPENSES $167,137

Year-over-Year Comparison

	2024	2023	Change
Revenue	$157,558	$155,687	+0.0%
Expenses	$167,137	$132,482	+0.3%
Net Income	$-9,579	$23,205	-1.4%

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
LANI FORBES	BOARD MEMBER	5.00	Director	$0	$0	$0
JIM GONZALES	PRESIDENT	5.00	Officer	$0	$0	$0
LARRY BRUMMEL	VICE PRESIDENT	1.00	Officer	$0	$0	$0
KAREN HENDRICKS	TREASURER	1.00	Officer	$0	$0	$0
ANGIE SOLOMON	SECRETARY	1.00	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	$157,558	$167,137	$590,359	$-9,579
2024	$155,687	$132,482	$617,513	$23,205
2023	$277,756	$100,985	$611,605	$176,771

FREEPORT RURAL FIRE ASSOCIATION