TEA VOLUNTEER FIRE DEPARTMENT INC

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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

1994

Legal Domicile

Principal Officer

JAMES MADSEN

Phone

6054982470

Tax Period

2023-01-01 to 2023-12-31

TEA VOLUNTEER FIRE DEPARTMENT INC, founded in 1994, is a small nonprofit in the Public Safety sector that reported $291K in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $385K exceeded revenue, resulting in a 32% operating deficit.

Mission

PRESERVATION AND PROTECTION OF LIFE AND PROPERTY RESULTING FROM FIRE AND OTHER EMERGENCIES AS MAY OCCUR IN THE TEA, SOUTH DAKOTA AREA.

Program Service Accomplishments

Program 1

Expenses: $367,785 Revenue: $5,450

RESPONDED TO 380 FIRE AND EMERGENCY CALLS IN 2023 FOR THE RESIDENTS OF THE CITY OF TEA, TOWNSHIPS OF DELAPRE, LAVALLEY AND PERRY. PROVIDED FIRE PREVENTION PROGRAMS FOR THE SCHOOLS IN THE TEA, SOUTH...

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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 $284,142

Program Service Revenue $5,450

Investment Income $26

Other Revenue $1,488

TOTAL REVENUE $291,106

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $4,492

Fundraising Expenses $0

Program Expenses $367,785

Other Expenses $379,353

TOTAL EXPENSES $384,845

Year-over-Year Comparison

	2023	2022	Change
Revenue	$291,106	$452,916	-0.4%
Expenses	$384,845	$242,117	+0.6%
Net Income	$-93,739	$210,799	-1.4%

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

N/A

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

$2,096

Total Directors

$4,492

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES MADSEN	PRESIDENT ON	15.00	Officer Director	$299	$0	$299
DEREK GORS	PRESIDENT TI	15.00	Officer Director	$599	$0	$599
JAMIE BARTELL	SECRETARY	15.00	Officer Director	$599	$0	$599
NICK RASMUS	TREASURER	15.00	Officer Director	$599	$0	$599
ALEX CURRY	PR OFFICER	15.00	Director	$599	$0	$599
STEVE OBERLE	CHIEF	15.00	Director	$599	$0	$599
ROBERT VENARD	1ST ASST. CH	15.00	Director	$599	$0	$599
SCOTT RIELAND	2ND ASST. CH	15.00	Director	$599	$0	$599

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	$291,106	$384,845	$900,591	$-93,739
2022	$452,916	$242,117	$994,327	$210,799
2021	$216,298	$309,112	$783,528	$-92,814
2020	$295,940	$323,023	$876,342	$-27,083
2019	$469,187	$315,908	$903,425	$153,279
2018	$264,893	$228,864	$750,146	$36,029