Ely Volunteer Fire Department Inc (EIN 421527831) - 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

2001

Legal Domicile

Principal Officer

Aaron Cooper

Phone

3198484950

Tax Period

2024-01-01 to 2024-12-31

Ely Volunteer Fire Department Inc, founded in 2001, is a micro nonprofit in the Public Safety sector that reported $75K in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $98K exceeded revenue, resulting in a 31% operating deficit.

Mission

The Corporation is organized exclusively for charitable and education purposes

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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 $10,055

Program Service Revenue $0

Investment Income $0

Other Revenue $64,672

TOTAL REVENUE $74,727

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $81,604

Other Expenses $97,587

TOTAL EXPENSES $97,587

Year-over-Year Comparison

	2024	2023	Change
Revenue	$74,727	$50,708	+0.5%
Expenses	$97,587	$55,008	+0.8%
Net Income	$-22,860	$-4,300	+4.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
BRAD MALATEK	Director Volunteer	Director	$0	$0	$0
CHRIS STEUHM	Director Volunteer	Director	$0	$0	$0
DAN CARTER	Director Volunteer	Director	$0	$0	$0
ERIC MUELLER	Director Volunteer	Director	$0	$0	$0
WILLIAM KLAWITER	Director Volunteer	Director	$0	$0	$0
AARON COOPER	President Volunteer	Officer	$0	$0	$0
EDWIN VAVRA	SecTreas Volunteer	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
2024	$74,727	$97,587	$51,569	$-22,860

Ely Volunteer Fire Department Inc