DES MOINES FIRE DEPARTMENT CREDIT UNION (EIN 420742008) - 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

1931

Legal Domicile

Principal Officer

MICHAEL E WILLIAMS

Phone

5152882521

Tax Period

2025-01-01 to 2025-12-31

DES MOINES FIRE DEPARTMENT CREDIT UNION, founded in 1931, is a small nonprofit that reported $159K in total revenue in fiscal year 2025. Revenue decreased 16% compared to the prior year. Net assets of $799K represent 60 months of operating reserves.

Mission

THE DES MOINES FIRE DEPARTMENT CREDIT UNION EXISTS TO SERVE EXCLUSIVELY DES MOINES FIRE FIGHTERS AND THEIR FAMILES WITH THE HIGHEST QUALITY SAVINGS, LOANS, AND OTHER FINANCIAL SERVICES AT COMPETITIVE RATES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $108,979

Investment Income $49,236

Other Revenue $600

TOTAL REVENUE $158,815

Expense Breakdown

Grants Paid $0

Salaries & Benefits $64,200

Fundraising Expenses $0

Program Expenses $156,292

Other Expenses $92,092

TOTAL EXPENSES $156,292

Year-over-Year Comparison

	2025	2024	Change
Revenue	$158,815	$188,273	-0.2%
Expenses	$156,292	$182,050	-0.1%
Net Income	$2,523	$6,223	-0.6%

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

$28,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KERRY SCHNEIDER	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
ROBERT STANTON	VICE CHAIRPERSON	2.00	Officer Director	$0	$0	$0
FREDERIC KINZENBAW	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN MITCHELL	AUDIT COMMITTEE	2.00	Director	$0	$0	$0
TONY TUAZON	AUDIT COMMITTEE	2.00	Director	$0	$0	$0
GREGORY LEAPER	AUDIT COMMITTEE	2.00	Director	$0	$0	$0
STEVE BROWN	CREDIT COMMITTEE	2.00	Director	$0	$0	$0
EVAN PILCH	CREDIT COMMITTEE	2.00	Director	$0	$0	$0
MICHAEL E WILLIAMS	PRESIDENT	25.00	Officer	$28,200	$0	$28,200

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	$158,815	$156,292	$3,392,364	$2,523
2024	$188,273	$182,050	$3,377,125	$6,223
2023	$152,654	$147,087	$3,512,448	$5,567
2022	$97,492	$126,452	$3,854,469	$-28,960
2021	$103,886	$132,546	$4,020,619	$-28,660
2020	$135,092	$131,096	$4,134,671	$3,996
2019	$152,826	$148,007	$4,051,232	$4,819
2018	$140,491	$136,580	$4,357,975	$3,911

DES MOINES FIRE DEPARTMENT CREDIT UNION