Grinnell Volunteer Fire Association (EIN 461055210) - 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

1960

Legal Domicile

Principal Officer

Josh Stepanek

Phone

6412362688

Tax Period

2023-07-01 to 2024-06-30

Grinnell Volunteer Fire Association, founded in 1960, is a micro nonprofit in the Public Safety sector that reported $52K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $69K exceeded revenue, resulting in a 33% operating deficit.

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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 $22,912

Program Service Revenue $0

Investment Income $2,409

Other Revenue $26,306

TOTAL REVENUE $51,627

Expense Breakdown

Grants Paid $54,882

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $54,882

Other Expenses $13,952

TOTAL EXPENSES $68,834

Year-over-Year Comparison

	2023	2022	Change
Revenue	$51,627	$61,007	-0.2%
Expenses	$68,834	$95,890	-0.3%
Net Income	$-17,207	$-34,883	-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

N/A

Volunteers

N/A

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
Kelly Fosse	President	2.00	Officer	$0	$0	$0
Brent Nickel	Vice President	2.00	Officer	$0	$0	$0
Josh Stepanek	Treasurer	2.00	Officer	$0	$0	$0
Wade Robeson	Secretary	2.00	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	No data	No data	No data	No data
2024	$51,627	$68,834	$261,328	$-17,207
2023	$61,007	$95,890	$278,535	$-34,883
2022	$341,521	$246,035	$313,418	$95,486
2021	$156,331	$189,755	$217,932	$-33,424
2020	$203,908	$107,149	$251,356	$96,759

Grinnell Volunteer Fire Association