HERMANTOWN VOLUNTEER FIRE DEPARTMENT (EIN 416166468) - 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

1956

Legal Domicile

Principal Officer

BRANDON CRUSAN

Phone

2183430104

Tax Period

2023-01-01 to 2023-12-31

HERMANTOWN VOLUNTEER FIRE DEPARTMENT, founded in 1956, is a small nonprofit that reported $640K in total revenue in fiscal year 2023. Expenses of $3.8M exceeded revenue, resulting in a 496% operating deficit.

Mission

TO PROVIDE EMS AND FIREFIGHTING SERVICES

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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 (2023)

Revenue Breakdown

Contributions & Grants $96,095

Program Service Revenue $537,634

Investment Income $5,902

Other Revenue $0

TOTAL REVENUE $639,631

Expense Breakdown

Grants Paid $3,104,671

Salaries & Benefits $298,249

Fundraising Expenses $0

Program Expenses $3,729,716

Other Expenses $407,723

TOTAL EXPENSES $3,810,643

Year-over-Year Comparison

	2023	2022	Change
Revenue	$639,631	$620,184	+0.0%
Expenses	$3,810,643	$628,888	+5.1%
Net Income	$-3,171,012	$-8,704	+363.3%

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

$21,956

Total Directors

$86,646

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRANDON CRUSAN	PRESIDENT	15.00	Officer Director	$5,745	$0	$5,745
JONATHAN J BODIN	VICE PRESIDENT	15.00	Officer Director	$7,218	$0	$7,218
AMANDA CUNNINGHAM	SECRETARY	15.00	Officer Director	$6,130	$0	$6,130
JASON CARLSON	TREASURER	15.00	Officer Director	$2,863	$0	$2,863
MICHAEL MARSHALL	CHIEF	15.00	Director	$7,230	$0	$7,230
ZACHARY GRAVES	DEPUTY CHIEF	15.00	Director	$11,913	$0	$11,913
JAMIE LEPAGE	ASSISTANT CHIEF 1	15.00	Director	$18,013	$0	$18,013
SCOTT MILLER	ASSISTANT CHIEF 2	15.00	Director	$4,374	$0	$4,374
PATRICK ALBRECHT	ASSISTANT CHIEF 3	15.00	Director	$19,570	$0	$19,570
STEVEN JOHNSON	FIRE MARSHALL, TRAINING OFFICER	15.00	Director	$3,590	$0	$3,590

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
2023	$639,631	$3,810,643	No data	$-3,171,012
2022	$620,184	$628,888	$3,170,687	$-8,704
2021	$507,986	$518,074	$3,056,201	$-10,088
2020	$762,558	$546,262	$2,991,090	$216,296
2019	$579,202	$507,432	$2,612,533	$71,770
2018	$528,252	$484,266	$2,242,542	$43,986
2018	$586,830	$542,844	$2,433,973	$43,986

HERMANTOWN VOLUNTEER FIRE DEPARTMENT