MADISON VOLUNTEER FIRE DEPARTMENT

EIN: 460335856 501(c)(3) Public Safety

MADISON, SD

Total Revenue
$289,532
Total Expenses
$103,986
Total Assets
$185,546
Net Assets
$185,546
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
SD
Principal Officer
RANDY MINNAERT
Phone
6052567523
Tax Period
2025-01-01 to 2025-12-31

MADISON VOLUNTEER FIRE DEPARTMENT, founded in 2021, is a small nonprofit in the Public Safety sector that reported $290K in total revenue in fiscal year 2025. The organization ran a surplus of $186K, a strong 64% operating margin.

Mission

TO PROVIDE EDUCATION AND SAFETY FOR ALL FIRE RELATED EVENTS

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $226,724
Program Service Revenue $0
Investment Income $62,808
Other Revenue $0
TOTAL REVENUE $289,532

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $103,986
TOTAL EXPENSES $103,986

Year-over-Year Comparison

2025 2024 Change
Revenue $289,532 N/A N/A
Expenses $103,986 N/A N/A
Net Income $185,546 N/A N/A
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

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
10

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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANDY MINNAERT CHIEF 20.00
Officer
$0 $0 $0
TODD BALOGH ASST CHIEF 20.00
Officer
$0 $0 $0
KURT CHRISTIANSEN PRESIDENT 5.00
Officer
$0 $0 $0
WADE BIALAS V PRESIDENT 5.00
Officer
$0 $0 $0
COREY STROM TREASURER 5.00
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 $289,532 $103,986 $185,546 $185,546
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