FIRE DEPARTMENT TRAINING NETWORK INC

EIN: 352146672 501(c)(3) Education

INDIANAPOLIS, IN

Total Revenue
$1,255,933
Total Expenses
$1,027,274
Total Assets
$2,428,257
Net Assets
$2,073,768
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
IN
Principal Officer
JAMES M MCCORMACK
Phone
3178629679
Tax Period
2024-01-01 to 2024-12-31

FIRE DEPARTMENT TRAINING NETWORK INC, founded in 2001, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $229K, a strong 18% operating margin.

Mission

TO HELP FIRE FIGHTERS BE THE BEST THEY CAN BE AT WHAT THEY DO WHILE PROVIDING THEM WITH INFORMATION TO OPERATE SAFELY AND WITHOUT INJURY OR DEATH AT THE SCENE OF AN EMERGENCY.

Program Service Accomplishments

Program 1
Expenses: $76,685

A MONTHLY NEWSLETTER IS PUBLISHED THAT KEEPS FIREFIGHTERS ABREAST OF NEW TECHNOLOGIES, EQUIPMENT AND STRATEGIES FOR FIRE GROUND OPERATIONS, AND WHICH ALLOWS FOR THE SHARING OF REAL LIFE STORIES.

Program 2
Expenses: $692,684 Revenue: $1,052,945

45 TRAINING COURSES WERE PROVIDED TO IMPROVE THE SKILLS AND ABILITIES OF FIREFIGHTERS AND UPGRADE THEIR KNOWLEDGE; 1800 STUDENTS PARTICIPATED.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $196,854
Program Service Revenue $1,052,945
Investment Income $-4,488
Other Revenue $10,622
TOTAL REVENUE $1,255,933

Expense Breakdown

Grants Paid $0
Salaries & Benefits $120,663
Fundraising Expenses $0
Program Expenses $769,369
Other Expenses $906,611
TOTAL EXPENSES $1,027,274

Year-over-Year Comparison

2024 2023 Change
Revenue $1,255,933 $1,518,438 -0.2%
Expenses $1,027,274 $1,062,025 0.0%
Net Income $228,659 $456,413 -0.5%
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

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Governance

Voting Members
3
Independent Members
3
Employees
2
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
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN DIXON DIRECTOR N/A
Director
$0 $0 $0
DAVID HAYWARD DIRECTOR N/A
Director
$0 $0 $0
JAMES M MCCORMACK PRESIDENT N/A
Officer Director
$0 $0 $0
JAMES M MCCORMACK VICE-PRES N/A
Officer Director
$0 $0 $0
JAMES M MCCORMACK TREASURER N/A
Officer Director
$0 $0 $0
JAMES M MCCORMACK DIRECTOR N/A
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
2025 No data No data No data No data
2024 $1,255,933 $1,027,274 $2,428,257 $228,659
2023 $1,518,438 $1,062,025 $2,203,372 $456,413
2022 $1,250,297 $935,883 $1,711,092 $314,414
2021 $1,042,713 $749,929 $1,419,825 $292,784
2020 $819,957 $639,295 $1,136,453 $180,662
2019 $814,071 $758,551 $950,517 $55,520
2018 $821,521 $771,122 $903,038 $50,399
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