DEVILS LAKE VOLUNTEER FIRE DEPT (EIN 450415251) - 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

1983

Legal Domicile

Phone

7016623913

Tax Period

2024-11-01 to 2025-10-31

DEVILS LAKE VOLUNTEER FIRE DEPT, founded in 1983, is a small nonprofit in the Public Safety sector that reported $472K in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $381K, a strong 81% operating margin.

Mission

VOLUNTEER FIRE DEPARTMENT FOR THE CITY OF DEVILS LAKE, ND

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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 $20,865

Program Service Revenue $0

Investment Income $30,493

Other Revenue $421,009

TOTAL REVENUE $472,367

Expense Breakdown

Grants Paid $5,569

Salaries & Benefits $2,947

Fundraising Expenses $0

Program Expenses $91,203

Other Expenses $82,687

TOTAL EXPENSES $91,203

Year-over-Year Comparison

	2024	2023	Change
Revenue	$472,367	$307,857	+0.5%
Expenses	$91,203	$58,580	+0.6%
Net Income	$381,164	$249,277	+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

$2,700

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN SCHROEDER	PRESIDENT	N/A	Officer	$0	$0	$0
TIMOTHY J KURTZ	VICE PRESIDENT	N/A	Officer	$0	$0	$0
CHAD PETERSON	TREASURER	N/A	Officer	$1,500	$0	$1,500
ANDREA JOHNSON	SECRETARY	N/A	Officer	$1,200	$0	$1,200
NATHAN BENNETT	FIRE CHIEF	N/A	Director	$0	$0	$0
CORY MEYER	ASSIST CHIEF	N/A	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
2025	$472,367	$91,203	$1,122,116	$381,164
2024	$307,857	$58,580	$740,952	$249,277
2023	$220,782	$98,119	$491,675	$122,663
2022	$-254,127	$117,119	$411,569	$-371,246
2021	$345,043	$69,329	$740,393	$275,714
2020	$201,340	$63,526	$464,679	$137,814
2019	$64,703	$90,302	$326,865	$-25,599

DEVILS LAKE VOLUNTEER FIRE DEPT