DECORAH VOLUNTEER FIRE DEPARTMENT (EIN 421502005) - 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

2000

Legal Domicile

Principal Officer

STEVE SMITH

Phone

5633823472

Tax Period

2023-01-01 to 2023-12-31

DECORAH VOLUNTEER FIRE DEPARTMENT, founded in 2000, is a small nonprofit in the Public Safety sector that reported $161K in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $205K exceeded revenue, resulting in a 28% operating deficit.

Mission

PROVIDE SUPPORT TO THE DECORAH FIRE DEPARTMENT BY RAISING FUNDS FOR EQUIPMENT, SUPPLIES AND EQUIPMENT MAINTENANCE.

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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 $77,246

Program Service Revenue $598

Investment Income $978

Other Revenue $81,923

TOTAL REVENUE $160,745

Expense Breakdown

Grants Paid $139,537

Salaries & Benefits $15,561

Fundraising Expenses $0

Program Expenses $202,920

Other Expenses $50,240

TOTAL EXPENSES $205,338

Year-over-Year Comparison

	2023	2022	Change
Revenue	$160,745	$201,170	-0.2%
Expenses	$205,338	$125,966	+0.6%
Net Income	$-44,593	$75,204	-1.6%

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

N/A

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

$1,934

Total Directors

$778

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF CLEMENT	CHIEF	1.00	Director	$778	$0	$778
TIFFANY MALANAPHY	SECRETARY	1.00	Officer	$553	$0	$553
COLLIN WHITE	TREASURER	1.00	Officer	$540	$0	$540
STEVE SMITH	PRESIDENT	1.00	Officer	$480	$0	$480
JORDAN MASSMAN	VICE PRESIDE	1.00	Officer	$361	$0	$361

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	No data	No data	No data	No data
2023	$160,745	$205,338	$133,303	$-44,593
2022	$201,170	$125,966	$177,896	$75,204
2020	$167,793	$161,645	$137,046	$6,148
2019	$234,757	$211,793	$130,898	$22,964

DECORAH VOLUNTEER FIRE DEPARTMENT