LETTS COMMUNITY VOLUNTEER FIRE DEPT (EIN 310929490) - 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

1935

Legal Domicile

Principal Officer

JERRY WELLS

Phone

8125912034

Tax Period

2024-01-01 to 2024-12-31

LETTS COMMUNITY VOLUNTEER FIRE DEPT, founded in 1935, is a community nonprofit in the Public Safety sector that reported $3.6M in total revenue in fiscal year 2024. Revenue surged 91% from the prior year, signaling strong growth momentum. Expenses of $3.5M left a modest 3% surplus.

Mission

FIREFIGHTER AND MEDICAL SERVICES

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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 $392,676

Program Service Revenue $3,170,181

Investment Income $1,817

Other Revenue $21,327

TOTAL REVENUE $3,586,001

Expense Breakdown

Grants Paid $13,502

Salaries & Benefits $2,179,677

Fundraising Expenses $0

Program Expenses $3,475,108

Other Expenses $1,281,929

TOTAL EXPENSES $3,475,108

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,586,001	$1,882,282	+0.9%
Expenses	$3,475,108	$1,708,552	+1.0%
Net Income	$110,893	$173,730	-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

Employees

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

$177,167

Total Directors

$177,167

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT MORROW	CHIEF	28.00	Officer Director	$160,169	$0	$160,169
ROB BALTUS	TREASURER	0.00	Officer Director	$9,100	$0	$9,100
TRENT CAMPBELL	SECRETARY	0.00	Officer Director	$7,898	$0	$7,898
BRYON BALTUS	ASST CHIEF	0.00	Officer Director	$0	$0	$0
JERRY WELLS	PRESIDENT	0.00	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	$3,586,001	$3,475,108	$1,993,659	$110,893
2023	$1,882,282	$1,708,552	$1,649,856	$173,730
2022	$1,693,130	$1,346,268	$1,431,607	$346,862
2021	$1,559,229	$1,275,949	$1,283,870	$283,280
2020	$954,439	$902,163	$806,635	$52,276
2019	$467,723	$462,634	$704,264	$5,089
2018	$467,692	$325,159	$713,819	$142,533

LETTS COMMUNITY VOLUNTEER FIRE DEPT