NORA SPRINGS FARM FIRE SERVICE

EIN: 421089864 501(c)(3) Public Safety

NORA SPRINGS, IA

Total Revenue
$105,577
Total Expenses
$135,974
Total Assets
$465,237
Net Assets
$432,514
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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
1948
Legal Domicile
IA
Principal Officer
MICHAEL MILLER
Phone
6417495346
Tax Period
2024-07-01 to 2025-06-30

NORA SPRINGS FARM FIRE SERVICE, founded in 1948, is a small nonprofit in the Public Safety sector that reported $106K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $136K exceeded revenue, resulting in a 29% operating deficit.

Mission

COMMUNITY FIRE PROTECTION

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $54,650
Program Service Revenue $50,905
Investment Income $22
Other Revenue $0
TOTAL REVENUE $105,577

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $135,974
Other Expenses $135,974
TOTAL EXPENSES $135,974

Year-over-Year Comparison

2024 2023 Change
Revenue $105,577 $134,768 -0.2%
Expenses $135,974 $136,406 0.0%
Net Income $-30,397 $-1,638 +17.6%
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

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
N/A
Volunteers
30

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
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL MILLER FIRE CHIEF 5.00
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
2025 $105,577 $135,974 $465,237 $-30,397
2024 $134,768 $136,406 $506,334 $-1,638
2023 $102,257 $126,420 $518,336 $-24,163
2022 $172,806 $122,321 $552,606 $50,485
2021 $117,377 $84,279 $513,132 $33,098
2020 $378,550 $57,286 $440,606 $321,264
2019 $77,780 $55,252 $126,000 $22,528
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