RINEYVILLE FIRE DEPARTMENT INC (EIN 260320776) - 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

1979

Legal Domicile

Principal Officer

DONALD KORPI

Phone

2707372494

Tax Period

2023-01-01 to 2023-12-31

RINEYVILLE FIRE DEPARTMENT INC, founded in 1979, is a small nonprofit in the Public Safety sector that reported $320K in total revenue in fiscal year 2023. Revenue surged 114% from the prior year, signaling strong growth momentum. Net assets of $892K represent 33 months of operating reserves.

Mission

VOLUNTEER FIRE DEPARTMENT PROVIDING FIRE PROTECTION SERVICES TO THE RINEYVILLE 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 (2023)

Revenue Breakdown

Contributions & Grants $313,552

Program Service Revenue $0

Investment Income $6,371

Other Revenue $0

TOTAL REVENUE $319,923

Expense Breakdown

Grants Paid $111,703

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $320,821

Other Expenses $209,118

TOTAL EXPENSES $320,821

Year-over-Year Comparison

	2023	2022	Change
Revenue	$319,923	$149,164	+1.1%
Expenses	$320,821	$155,598	+1.1%
Net Income	$-898	$-6,434	-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

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
JACK CRUTCHER	DIRECTOR	1.00	Director	$0	$0	$0
MARK GEER	DIRECTOR	1.00	Director	$0	$0	$0
DONALD KORPI	CHIEF	10.00	Director	$0	$0	$0
BOBBY SHEROAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
NEVELLE SKAGGS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
GARY YATES	SECRETARY	1.00	Officer Director	$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	$319,923	$320,821	$892,100	$-898
2022	$149,164	$155,598	$892,998	$-6,434
2021	$183,887	$175,228	$899,432	$8,659
2020	$140,810	$120,996	$890,773	$19,814
2019	$146,908	$162,119	$870,959	$-15,211
2018	$136,898	$125,481	$868,722	$11,417

RINEYVILLE FIRE DEPARTMENT INC