LAKE VERMILION FIRE BRIGADE (EIN 264156929) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

DON POTTER

Phone

2186665437

Tax Period

2024-01-01 to 2024-12-31

LAKE VERMILION FIRE BRIGADE, founded in 2009, is a small nonprofit in the Public Safety sector that reported $199K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $89K, a strong 45% operating margin.

Mission

TO SUPPORT AVAILIBILITY OF ONGOING FIRE AND RESCUE MEANS AND OPERATIONS ON THE WEST END OF LAKE VERMILION IN ST LOUIS COUNTY, MINNESOTA

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $195,420

Program Service Revenue $0

Investment Income $1,944

Other Revenue $1,523

TOTAL REVENUE $198,887

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $109,339

Other Expenses $110,139

TOTAL EXPENSES $110,139

Year-over-Year Comparison

	2024	2023	Change
Revenue	$198,887	$316,034	-0.4%
Expenses	$110,139	$87,498	+0.3%
Net Income	$88,748	$228,536	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
LAURIE POTTER	TREASURER	5.00	Officer	$0	$0	$0
DON POTTER	PRESIDENT	5.00	Officer	$0	$0	$0
ERIN KENNEDY	SECRETARY	5.00	Officer	$0	$0	$0
PAUL LUDLOW	VICE PRESIDENT	5.00	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	$198,887	$110,139	$1,305,104	$88,748
2023	$316,034	$87,498	$1,216,356	$228,536
2022	$98,486	$101,793	$987,820	$-3,307
2021	$82,236	$106,805	$1,037,461	$-24,569
2020	$55,337	$110,847	$1,062,030	$-55,510
2019	$122,003	$137,350	$1,117,540	$-15,347
2018	$97,516	$125,561	$1,108,278	$-28,045

LAKE VERMILION FIRE BRIGADE