BLOOMINGTON FIRE DEPT RELIEF ASSOC (EIN 416026092) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1947

Legal Domicile

Principal Officer

DAVE MALTON

Phone

9529213868

Tax Period

2024-01-01 to 2024-12-31

BLOOMINGTON FIRE DEPT RELIEF ASSOC, founded in 1947, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. Expenses of $8.7M exceeded revenue, resulting in a 134% operating deficit.

Mission

GOVERNMENT PENSION PLAN.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,176,951

Program Service Revenue $0

Investment Income $1,544,318

Other Revenue $0

TOTAL REVENUE $3,721,269

Expense Breakdown

Grants Paid $0

Salaries & Benefits $62,585

Fundraising Expenses $0

Program Expenses $7,983,234

Other Expenses $662,892

TOTAL EXPENSES $8,708,711

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,721,269	$2,443,850	+0.5%
Expenses	$8,708,711	$7,881,548	+0.1%
Net Income	$-4,987,442	$-5,437,698	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$58,138

Total Directors

$58,138

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE MALTON	TREASURER	8.00	Officer Director	$23,255	$0	$23,255
CHRIS MORRISON	SECTRETARY	8.00	Officer Director	$23,255	$0	$23,255
PAUL GOODWIN	PRESIDENT	2.00	Officer Director	$11,628	$0	$11,628
DENNIS ZWASCHKA	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JOHN BAYARD	TRUSTEE	2.00	Director	$0	$0	$0
CHAD FORD	TRUSTEE	2.00	Director	$0	$0	$0
ULYSSES SEAL	MUNICIPAL TRUSTEE	2.00	Director	$0	$0	$0
LORI ECONOMY-SCHOLLER	MUNICIPAL TRUSTEE	2.00	Director	$0	$0	$0
DWAYNE LOWMAN	MUNICIPAL TRUSTEE	2.00	Director	$0	$0	$0
N/A	CUSTODIAN	5.00		$0	$25,782	$25,782

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	$3,721,269	$8,708,711	$234,289,157	$-4,987,442
2023	$2,443,850	$7,881,548	$218,391,530	$-5,437,698
2022	$640,367	$7,432,287	$197,495,588	$-6,791,920
2021	$17,691,264	$7,036,088	$232,958,122	$10,655,176
2020	$6,054,699	$6,579,086	$215,283,341	$-524,387
2019	$3,278,464	$6,258,565	$190,738,347	$-2,980,101
2018	$2,398,093	$6,048,259	$165,499,424	$-3,650,166

BLOOMINGTON FIRE DEPT RELIEF ASSOC