READLYN VOLUNTEER FIRE FIGHTER ASSOC INC (EIN 455561970) - 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

SCOTT BROTEN

Phone

3192405704

Tax Period

2024-07-01 to 2025-06-30

READLYN VOLUNTEER FIRE FIGHTER ASSOC INC, founded in 2012, is a small nonprofit in the Public Safety sector that reported $141K in total revenue in fiscal year 2024. Revenue fell 59% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $119K, a strong 85% operating margin.

Mission

SUPPORT CITY OF READLYN IA FIRE DEPT AND FIREFIGHTERS WITH FUNDRAISING AND DONATIONS FOR NEW BUILDINGS, EQUIPMENT AND TRAINING.

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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 $100,516

Program Service Revenue $0

Investment Income $13,061

Other Revenue $27,359

TOTAL REVENUE $140,936

Expense Breakdown

Grants Paid $7,123

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $21,458

Other Expenses $14,335

TOTAL EXPENSES $21,458

Year-over-Year Comparison

	2024	2023	Change
Revenue	$140,936	$341,281	-0.6%
Expenses	$21,458	$16,410	+0.3%
Net Income	$119,478	$324,871	-0.6%

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
JOHNNY KLEITSCH	DIRECTOR	1.00	Director	$0	$0	$0
CHAD OTT	DIRECTOR	1.00	Director	$0	$0	$0
MITCH MATTHIAS	TRUSTEE	1.00	Director	$0	$0	$0
RANDY KLEITSCH	PRESIDENT	1.00	Officer	$0	$0	$0
DAN BLAYLOCK	VICE PRESIDENT	1.00	Officer	$0	$0	$0
SCOTT BROTEN	TREASURER	1.00	Officer	$0	$0	$0
ZACH KUHLMANN	SECRETARY	1.00	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
2025	$140,936	$21,458	$496,519	$119,478
2024	$341,281	$16,410	$377,041	$324,871

READLYN VOLUNTEER FIRE FIGHTER ASSOC INC