Blooming Prairie Volunteer Fire Departme dba Blooming Prairie Fire Dept Relief A (EIN 411659171) - 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

1941

Legal Domicile

Phone

5075832088

Tax Period

2024-01-01 to 2024-12-31

Blooming Prairie Volunteer Fire Departme dba Blooming Prairie Fire Dept Relief A, founded in 1941, is a small nonprofit that reported $117K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $56K, a strong 48% operating margin.

Mission

Provide lump-sum retirement benefits for volunteer firefightersProvide funds through fundraising for the purchase of fire fighting equipmentProvide funds for firefighters well being if needed

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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 $67,554

Program Service Revenue $0

Investment Income $12,730

Other Revenue $37,142

TOTAL REVENUE $117,426

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $53,522

Other Expenses $14,099

TOTAL EXPENSES $61,099

Year-over-Year Comparison

	2024	2023	Change
Revenue	$117,426	$101,650	+0.2%
Expenses	$61,099	$68,866	-0.1%
Net Income	$56,327	$32,784	+0.7%

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
Mike Ingvalson	Treasurer	2.00	Officer Director	$0	$0	$0
Mike Hoffman	Vice President	2.00	Officer Director	$0	$0	$0
Josh Toquam	Secretary	2.00	Officer Director	$0	$0	$0
Jacob Lembke	President	2.00	Officer Director	$0	$0	$0
Rick Hansen	Trustee	2.00	Director	$0	$0	$0
Bryce Schlicter	Trustee	2.00	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	$117,426	$61,099	$1,412,672	$56,327
2023	$101,650	$68,866	$1,260,454	$32,784
2022	$91,739	$14,076	$1,127,748	$77,663
2021	$153,540	$6,256	$1,187,802	$147,284
2020	$84,536	$14,659	$1,011,611	$69,877
2019	$180,877	$80,274	$847,896	$100,603
2018	$41,627	$7,740	$747,293	$33,887

Blooming Prairie Volunteer Fire Departme dba Blooming Prairie Fire Dept Relief A