RALEIGH FIRE DEPARTMENT INC (EIN 311080988) - 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

1950

Legal Domicile

Principal Officer

Steve Cain

Phone

7659698891

Tax Period

2025-01-01 to 2025-12-31

RALEIGH FIRE DEPARTMENT INC, founded in 1950, is a small nonprofit that reported $359K in total revenue in fiscal year 2025. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $498K exceeded revenue, resulting in a 39% operating deficit.

Mission

Provide fire and EMS services to all or part of 5 townships in Rush Co. IN

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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 (2025)

Revenue Breakdown

Contributions & Grants $247,403

Program Service Revenue $111,278

Investment Income $0

Other Revenue $0

TOTAL REVENUE $358,681

Expense Breakdown

Grants Paid $0

Salaries & Benefits $189,014

Fundraising Expenses $0

Program Expenses $0

Other Expenses $308,614

TOTAL EXPENSES $497,628

Year-over-Year Comparison

	2025	2024	Change
Revenue	$358,681	$508,230	-0.3%
Expenses	$497,628	$371,059	+0.3%
Net Income	$-138,947	$137,171	-2.0%

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

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	Role	Reportable Comp	Other Comp	Total
Curtis Schwering	President	Officer	$0	$0	$0
Tyler Hellums	Vice President	Officer	$0	$0	$0
Diana Cain	Secretary	Officer	$0	$0	$0
Ryan Kuhn	Treasurer	Officer	$0	$0	$0
John Gray	Director	Director	$0	$0	$0
Steve Cain	Fire Chief	Officer	$0	$0	$0
Jerry Kennedy	Director	Director	$0	$0	$0
Doug Hall	Director	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
2025	$358,681	$497,628	$102,221	$-138,947
2024	$508,230	$371,059	$241,168	$137,171
2023	$310,023	$303,847	$103,997	$6,176
2022	$313,844	$385,610	$97,821	$-71,766
2021	$356,345	$304,226	$169,587	$52,119
2020	$241,314	$261,509	$117,468	$-20,195

RALEIGH FIRE DEPARTMENT INC