WESLEY FIRE DEPARTMENT INC (EIN 421289874) - 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

1962

Legal Domicile

Principal Officer

TRACY STUDER

Phone

5153203658

Tax Period

2024-01-01 to 2024-12-31

WESLEY FIRE DEPARTMENT INC, founded in 1962, is a micro nonprofit in the Public Safety sector that reported $60K in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $17K, a strong 28% operating margin.

Mission

THE WESLEY FIRE DEPARTMENT, INC., HELPS KEEP ITS COMMUNITIES SAFE BY PROVIDING NECESSARY EMERGENCY SERVICES FOR THE RURAL AREAS IT SERVES, INCLUDING ALL OF THE CITY OF WESLEY AND WESLEY TOWNSHIP AS WELL AS PORTIONS OF PRAIRIE TOWNSHIP IN KOSSUTH COUNTY AND ORTHEL AND BOONE TOWNSHIPS IN HANCOCK COUNTY, IOWA.

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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 $41,739

Program Service Revenue $0

Investment Income $11,778

Other Revenue $6,016

TOTAL REVENUE $59,533

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,775

Fundraising Expenses $0

Program Expenses $39,942

Other Expenses $39,987

TOTAL EXPENSES $42,762

Year-over-Year Comparison

	2024	2023	Change
Revenue	$59,533	$42,145	+0.4%
Expenses	$42,762	$54,159	-0.2%
Net Income	$16,771	$-12,014	-2.4%

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

N/A

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

$1,950

Total Directors

$2,350

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACY STUDER	FIRE CHIEF/P	8.00	Officer Director	$670	$0	$670
DAVID REDING	SECRETARY	3.00	Officer Director	$450	$0	$450
JERRY REDING	ASST FIRE CH	2.00	Officer Director	$420	$0	$420
BRAD TEGTMEYER	TREASURER	3.00	Officer Director	$410	$0	$410
JIM OTIS	DIRECTOR	1.00	Director	$125	$0	$125
JOHN RASMUSSEN	DIRECTOR	1.00	Director	$110	$0	$110
BILL TEBBEN	DIRECTOR	1.00	Director	$95	$0	$95
LEE CARLTON	DIRECTOR	1.00	Director	$70	$0	$70

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	$59,533	$42,762	$266,817	$16,771
2023	$42,145	$54,159	$241,161	$-12,014
2022	$63,764	$41,964	$237,187	$21,800
2021	$99,775	$40,703	$261,354	$59,072

WESLEY FIRE DEPARTMENT INC