MARION VOLUNTEER FIRE DEPARTMENT (EIN 300852804) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

RICK NELSON

Phone

6056482937

Tax Period

2023-01-01 to 2023-12-31

MARION VOLUNTEER FIRE DEPARTMENT, founded in 2007, is a small nonprofit in the Public Safety sector that reported $137K in total revenue in fiscal year 2018. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $92K, a strong 67% operating margin.

Mission

THIS CORPORATION IS ORGANIZED AND SHALL AT ALL TIMES BE OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE. THE CORPORATION'S PRIMARY CHARITABLE PURPOSE IS TO LESSEN THE BURDENS OF GOVERNMENT BY PROVIDING FIRE AND RESCUE SERVICES. THE CORPORATION'S PRIMARY EDUCATIONAL PURPOSE IS TO EDUCATE THE PUBLIC ABOUT FIRE SAFETY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $39,540

Program Service Revenue $68,544

Investment Income $10,079

Other Revenue $31,357

TOTAL REVENUE $149,520

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,410

Fundraising Expenses $0

Program Expenses $83,378

Other Expenses $102,187

TOTAL EXPENSES $104,597

Year-over-Year Comparison

	2023	2022	Change
Revenue	$149,520	$163,602	-0.1%
Expenses	$104,597	$87,770	+0.2%
Net Income	$44,923	$75,832	-0.4%

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

N/A

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

$1,500

Total Directors

$1,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK NELSON	FIRE CHIEF	1.00	Officer Director	$500	$0	$500
STEVE KRAEMER	ASSISTANT FI	0.38	Officer Director	$300	$0	$300
JEREMY THOMAS	SECRETARY/TR	2.00	Officer Director	$400	$0	$400
BRYAN KRAEMER	TRAINING OFF	1.00	Officer Director	$300	$0	$300

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	$149,520	$104,597	$988,113	$44,923
2022	$163,602	$87,770	$943,190	$75,832
2021	$196,926	$103,643	$939,266	$93,283
2020	$112,506	$40,402	$863,118	$72,104
2019	$126,141	$24,095	$701,971	$102,046
2018	$136,629	$45,108	$599,925	$91,521

MARION VOLUNTEER FIRE DEPARTMENT