HERMANN FIRE COMPANY NO 1 INC CO KEVIN SPECKHALS (EIN 436110006) - 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

1942

Legal Domicile

Phone

5734863761

Tax Period

2023-01-01 to 2023-12-31

HERMANN FIRE COMPANY NO 1 INC CO KEVIN SPECKHALS, founded in 1942, is a small nonprofit that reported $258K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $251K left a modest 3% surplus.

Mission

PREVENT & EXTINQUISH FIRES

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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 $18,479

Program Service Revenue $225,643

Investment Income $14,360

Other Revenue $0

TOTAL REVENUE $258,482

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $250,689

Other Expenses $250,689

TOTAL EXPENSES $250,689

Year-over-Year Comparison

	2023	2022	Change
Revenue	$258,482	$338,374	-0.2%
Expenses	$250,689	$261,131	0.0%
Net Income	$7,793	$77,243	-0.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRAVIS SCHULTE	2ND ASSISTANT	5.00	Officer	$0	$0	$0
KEVIN SPECKHALS	FIRE CHIEF	2.00	Officer	$0	$0	$0
CLINTON OVERKAMP	1ST ASSISTANT	2.00	Officer	$0	$0	$0
GLENN BRANDT	Treasurer	5.00	Officer	$0	$0	$0
SHANE MICHEL	Secretary	2.00	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
2024	No data	No data	No data	No data
2023	$258,482	$250,689	$1,601,036	$7,793
2022	$338,374	$261,131	$1,593,243	$77,243
2021	$183,625	$265,433	$1,516,000	$-81,808
2020	$376,353	$224,659	$1,597,808	$151,694
2019	$342,507	$253,934	$1,446,114	$88,573
2018	$190,217	$228,045	$1,357,541	$-37,828

HERMANN FIRE COMPANY NO 1 INC CO KEVIN SPECKHALS