IOWA FALLS FIREFIGHTERS INC (EIN 454601234) - 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

2012

Legal Domicile

Principal Officer

RICK GUSTIN

Phone

6416486464

Tax Period

2023-01-01 to 2023-12-31

IOWA FALLS FIREFIGHTERS INC, founded in 2012, is a small nonprofit in the Public Safety sector that reported $496K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $132K, a strong 27% operating margin.

Mission

ORGANIZATION SUPPORTS AND ASSISTS THE IOWA FALLS VOLUNTEER FIRE DEPARTMENT IN THE PERFORMANCE OF ITS RESPONSIBILITIES TO THE CITIZENS OF IOWA FALLS AND SURROUNDING AREAS WITH RESPECT TO ACQUISITION OF EQUIPMENT AND SUPPLIES NECESSARY FOR PROTECTION AND SUPRESSION OF FIRES AND THE PROTECTION OF LIFE AND PROPERTY.

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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 $84,125

Program Service Revenue $411,917

Investment Income $191

Other Revenue $0

TOTAL REVENUE $496,233

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $362,538

Other Expenses $364,085

TOTAL EXPENSES $364,085

Year-over-Year Comparison

	2023	2022	Change
Revenue	$496,233	$556,264	-0.1%
Expenses	$364,085	$343,266	+0.1%
Net Income	$132,148	$212,998	-0.4%

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

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
RICK GUSTIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
SCOTT EISENTRAGER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DAVE HENRY	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
DENNIS BARRICK	DIRECTOR	1.00	Director	$0	$0	$0
KIRK RICE	DIRECTOR	1.00	Director	$0	$0	$0
ADAM JOHNSON	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	No data	No data	No data	No data
2023	$496,233	$364,085	$638,883	$132,148
2022	$556,264	$343,266	$506,735	$212,998

IOWA FALLS FIREFIGHTERS INC