RISING SUN VOLUNTEER FIRE DEPT INC (EIN 351758900) - 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

1960

Legal Domicile

Principal Officer

DAVID KRUSE

Phone

8124383532

Tax Period

2023-01-01 to 2023-12-31

RISING SUN VOLUNTEER FIRE DEPT INC, founded in 1960, is a small nonprofit that reported $202K in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $189K left a modest 7% surplus.

Mission

THROUGH FIRE AND RESCUE SERVICES, THE RISING SUN VOLUNTEER FIRE DEPARTMENT IS COMMITTED TO PROTECT THE LIVES AND PROPERTY OF THE CITY OF RISING SUN AND THE SURROUNDING COMMUNITY.

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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 $37,502

Program Service Revenue $133,527

Investment Income $2,913

Other Revenue $28,004

TOTAL REVENUE $201,946

Expense Breakdown

Grants Paid $560

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $184,926

Other Expenses $187,971

TOTAL EXPENSES $188,531

Year-over-Year Comparison

	2023	2022	Change
Revenue	$201,946	$410,890	-0.5%
Expenses	$188,531	$187,044	+0.0%
Net Income	$13,415	$223,846	-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

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
DAVID KRUSE	TREASURER	5.00	Officer	$0	$0	$0
KEVIN ARMSTRONG	CHIEF	10.00	Officer	$0	$0	$0
ANDREW MUENCHEN	SECRETARY	5.00	Officer	$0	$0	$0
STACI LEVI	PRESIDENT	5.00	Officer	$0	$0	$0
WES WALSTON	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	No data	No data	No data	No data
2023	$201,946	$188,531	$1,495,517	$13,415
2022	$410,890	$187,044	$1,466,760	$223,846
2021	$241,071	$181,321	$1,268,601	$59,750
2020	$170,545	$189,264	$1,208,851	$-18,719
2019	$181,579	$170,377	$1,227,570	$11,202
2018	$166,615	$178,562	$1,216,368	$-11,947

RISING SUN VOLUNTEER FIRE DEPT INC