Richfield Volunteer Fire Co Inc (EIN 391219597) - 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

1975

Legal Domicile

Principal Officer

Daniel Neu

Phone

2626281601

Tax Period

2024-01-01 to 2024-12-31

Richfield Volunteer Fire Co Inc, founded in 1975, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $1.6M left a modest 14% surplus.

Mission

MITIGATING FIRE AND MEDICAL EMERGENCIES AND PROVIDING EDUCATIONAL COMMUNITY PROGRAMS

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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 $33,767

Program Service Revenue $1,208,268

Investment Income $415,799

Other Revenue $173,883

TOTAL REVENUE $1,831,717

Expense Breakdown

Grants Paid $0

Salaries & Benefits $790,994

Fundraising Expenses $0

Program Expenses $1,558,452

Other Expenses $788,304

TOTAL EXPENSES $1,579,298

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,831,717	$1,311,193	+0.4%
Expenses	$1,579,298	$1,287,261	+0.2%
Net Income	$252,419	$23,932	+9.5%

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

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

$12,926

Total Directors

$25,766

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEIF ERICKSON	LIEUTENANT/VICE PRES	5.00	Officer Director	$3,415	$0	$3,415
JILL WENZEL	SECRETARY	5.00	Officer Director	$3,493	$0	$3,493
RICHARD STORMS	CAPTAIN/BOARD MEMBER	5.00	Director	$7,125	$0	$7,125
DANIEL NEU	PRESIDENT	15.00	Officer Director	$3,652	$0	$3,652
SUSAN SCHMITT	TREASURER	10.00	Officer Director	$2,366	$0	$2,366
JOHN SCHMITZ	BOARD MEMBER	5.00	Director	$333	$0	$333
PETE UTECHT	BOARD MEMBER	5.00	Director	$1,271	$0	$1,271
PAT MAHER	BOARD MEMBER	5.00	Director	$4,111	$0	$4,111

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	$1,831,717	$1,579,298	$3,846,927	$252,419
2023	$1,311,193	$1,287,261	$3,736,040	$23,932
2022	$1,444,740	$1,366,545	$3,442,170	$78,195
2021	$1,282,152	$963,358	$3,865,512	$318,794
2020	$1,124,703	$1,092,483	$3,402,070	$32,220
2019	$1,171,922	$1,244,826	$3,292,475	$-72,904
2018	$1,094,512	$877,313	$3,144,939	$217,199

Richfield Volunteer Fire Co Inc