Devils Lake Rural Fire Dept Inc (EIN 450380220) - 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

Jason Ostwald

Phone

7016624818

Tax Period

2024-01-01 to 2024-12-31

Devils Lake Rural Fire Dept Inc, founded in 1962, is a small nonprofit that reported $764K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $532K, a strong 70% operating margin.

Mission

Fire Department

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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 $271,175

Program Service Revenue $0

Investment Income $78,368

Other Revenue $414,584

TOTAL REVENUE $764,127

Expense Breakdown

Grants Paid $0

Salaries & Benefits $61,340

Fundraising Expenses $0

Program Expenses $227,530

Other Expenses $170,619

TOTAL EXPENSES $231,959

Year-over-Year Comparison

	2024	2023	Change
Revenue	$764,127	$666,514	+0.1%
Expenses	$231,959	$307,005	-0.2%
Net Income	$532,168	$359,509	+0.5%

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

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

$25,740

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lee Gessner	President	1.00	Director	$481	$0	$481
Elliott Larman	Vice-Pres	1.00	Director	$12,672	$0	$12,672
Justin Klein	Secretary	1.00	Director	$412	$0	$412
Jason Ostwald	Treasurer	1.00	Director	$12,042	$0	$12,042
Brett Buchmeir	Director	1.00	Director	$133	$0	$133
Royal Dingman	Director	1.00	Director	$0	$0	$0
Jared Stubbe	Director	1.00	Director	$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	$764,127	$231,959	$4,092,984	$532,168
2023	$666,514	$307,005	$3,563,029	$359,509
2022	$859,038	$600,047	$3,202,449	$258,991
2021	$819,900	$566,073	$2,944,819	$253,827
2020	$643,340	$469,581	$2,689,308	$173,759
2019	$521,077	$306,817	$2,513,494	$214,260
2018	$393,647	$256,157	$2,299,234	$137,490

Devils Lake Rural Fire Dept Inc