LAKEVILLE VOLUNTEER FIRE DEPT RELIEF ASSN (EIN 416037035) - 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

2021

Legal Domicile

Phone

9529854700

Tax Period

2024-01-01 to 2024-12-31

LAKEVILLE VOLUNTEER FIRE DEPT RELIEF ASSN, founded in 2021, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. The organization ran a surplus of $1.8M, a strong 69% operating margin.

Mission

FIREFIGHTERS WHO ARE MEMBERS OF THE LAKEVILLE MUNICIPAL FIRE DEPARTMENT

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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 $704,160

Program Service Revenue $0

Investment Income $1,978,419

Other Revenue $0

TOTAL REVENUE $2,682,579

Expense Breakdown

Grants Paid $0

Salaries & Benefits $799,877

Fundraising Expenses $28,511

Program Expenses $790,653

Other Expenses $40,503

TOTAL EXPENSES $840,380

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,682,579	$2,664,467	+0.0%
Expenses	$840,380	$2,854,337	-0.7%
Net Income	$1,842,199	$-189,870	-10.7%

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

N/A

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

Total Directors

$8,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jesse Nergard	Trustee	1.00	Director	$0	$0	$0
Julie Stahl	Ex-officio City Finance Director	0.50	Director	$0	$0	$0
Mike Meyer	Ex-officio City Fire Chief	0.50	Director	$0	$0	$0
Dan Quam	President	0.50	Director	$1,000	$0	$1,000
Joshua Lee	Ex-officio City Council Member	0.50	Director	$0	$0	$0
Brent Fischer	Treasurer	1.00	Director	$3,000	$0	$3,000
Reid Schulz	Secretary	1.00	Director	$3,000	$0	$3,000
Cameron Washington	Vice President	1.00	Director	$1,000	$0	$1,000
Eric Smoot	Trustee	1.00	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
2025	No data	No data	No data	No data
2024	$2,682,579	$840,380	$13,463,264	$1,842,199
2023	$2,664,467	$2,854,337	$11,619,208	$-189,870
2022	$-1,668,023	$520,763	$11,808,888	$-2,188,786
2021	$2,337,183	$787,514	$13,997,624	$1,549,669
2020	$2,126,611	$265,368	$12,447,705	$1,861,243

LAKEVILLE VOLUNTEER FIRE DEPT RELIEF ASSN