Loretto Volunteer Fire Dept Inc (EIN 416037075) - 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

1999

Legal Domicile

Principal Officer

Jeff Leuer

Phone

7634790323

Tax Period

2024-01-01 to 2024-12-31

Loretto Volunteer Fire Dept Inc, founded in 1999, is a community nonprofit in the Public Safety sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $1.5M exceeded revenue, resulting in a 26% operating deficit.

Mission

To provide fire protection and first response medical treatment for the local community.

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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 $44,568

Program Service Revenue $1,085,048

Investment Income $99

Other Revenue $35,720

TOTAL REVENUE $1,165,435

Expense Breakdown

Grants Paid $0

Salaries & Benefits $639,449

Fundraising Expenses $0

Program Expenses $1,378,161

Other Expenses $831,599

TOTAL EXPENSES $1,471,048

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,165,435	$844,086	+0.4%
Expenses	$1,471,048	$1,021,898	+0.4%
Net Income	$-305,613	$-177,812	+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

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

$172,146

Total Directors

$235,298

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeff Leuer	Fire Chief	40.00	Officer Director Highest	$110,240	$0	$110,240
Terry Ryan	Vice President	10.00	Officer Director	$31,800	$0	$31,800
Brian Kodet	Vice President	10.00	Officer Director	$30,106	$0	$30,106
Jake Leuer	Trustee	10.00	Director	$15,518	$0	$15,518
Bill Rosati	Trustee	5.00	Director	$11,895	$0	$11,895
Ryan Gregor	Trustee	2.00	Director	$10,239	$0	$10,239
Chris Wiemelt	Treasurer	5.00	Director	$9,135	$0	$9,135
Parker Barry	Trustee	2.00	Director	$8,304	$0	$8,304
Cody Ellos	Secretary	5.00	Director	$8,061	$0	$8,061

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	$1,165,435	$1,471,048	$2,442,036	$-305,613
2023	$844,086	$1,021,898	$2,289,069	$-177,812
2022	$675,460	$555,906	$1,209,351	$119,554
2021	$632,158	$571,580	$1,072,945	$60,578
2020	$590,494	$529,738	$1,098,768	$60,756

Loretto Volunteer Fire Dept Inc