INDIANA FIRE ASSOCIATION INDIANA FIRE DEPARTMENT (EIN 250567157) - 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

1878

Legal Domicile

Principal Officer

WILLIAM SIMMONS

Phone

7244652400

Tax Period

2024-01-01 to 2024-12-31

INDIANA FIRE ASSOCIATION INDIANA FIRE DEPARTMENT, founded in 1878, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $1.4M exceeded revenue, resulting in a 14% operating deficit.

Mission

VOLUNTEER FIRE SERVICE

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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 $399,152

Program Service Revenue $0

Investment Income $811,195

Other Revenue $0

TOTAL REVENUE $1,210,347

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $6,041

Program Expenses $1,378,115

Other Expenses $1,377,086

TOTAL EXPENSES $1,384,156

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,210,347	$853,954	+0.4%
Expenses	$1,384,156	$303,987	+3.6%
Net Income	$-173,809	$549,967	-1.3%

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
THOMAS PARKER	Treasurer	2	Officer	$0	$0	$0
WILLIAM B SIMMONS	President	2	Officer	$0	$0	$0
JAMIE EMPFIELD	Secretary	2	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	$1,210,347	$1,384,156	$4,244,121	$-173,809
2023	$853,954	$303,987	$4,204,885	$549,967
2022	$163,027	$304,707	$3,735,500	$-141,680
2021	$1,278,497	$468,787	$4,096,661	$809,710
2020	$806,910	$173,863	$3,521,952	$633,047
2019	$882,501	$213,531	$3,080,814	$668,970
2018	$253,400	$208,395	$2,597,507	$45,005

INDIANA FIRE ASSOCIATION INDIANA FIRE DEPARTMENT