BUFFALO LAKE FIRE RELIEF ASSOCIATION (EIN 416080030) - 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

1964

Legal Domicile

Principal Officer

CHAD SCHMALZ

Phone

3208332272

Tax Period

2024-01-01 to 2024-12-31

BUFFALO LAKE FIRE RELIEF ASSOCIATION, founded in 1964, is a micro nonprofit in the Mutual Benefit sector that reported $60K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $31K, a strong 51% operating margin.

Mission

PROVIDE PENSION BENEFITS TO VOLUNTEER FIREMEN.

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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 $34,741

Program Service Revenue $24,861

Investment Income $61

Other Revenue $0

TOTAL REVENUE $59,663

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,938

Fundraising Expenses $18,862

Program Expenses $9,019

Other Expenses $27,117

TOTAL EXPENSES $29,055

Year-over-Year Comparison

	2024	2023	Change
Revenue	$59,663	$51,167	+0.2%
Expenses	$29,055	$50,276	-0.4%
Net Income	$30,608	$891	+33.4%

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

$1,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAM PETTIT	TREASURER	2.00	Officer	$1,000	$0	$1,000
CHAD SCHMALZ	PRESIDENT	2.00	Officer	$600	$0	$600
DUSTIN UFKES	SECRETARY	2.00	Officer	$200	$0	$200
JOE BURMEISTER	TRUSTEE	2.00	Director	$0	$0	$0
MATT RATH	MAYOR	2.00	Director	$0	$0	$0
NATHAN RATH	TRUSTEE	2.00	Director	$0	$0	$0
JAY SQUIBB	FIRE CHIEF	2.00	Director	$0	$0	$0
JOSH WILSON	DEPUTY CITY	2.00	Director	$0	$0	$0
JON PETTIT	VICE PRES	2.00	Officer	$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	$59,663	$29,055	$1,095,922	$30,608
2023	$51,167	$50,276	$900,721	$891
2022	$58,938	$35,902	$749,085	$23,036
2021	$38,353	$27,848	$878,195	$10,505
2020	$39,230	$65,866	$729,308	$-26,636
2019	$34,275	$15,428	$625,990	$18,847
2018	$34,562	$47,156	$487,452	$-12,594

BUFFALO LAKE FIRE RELIEF ASSOCIATION