Garretson Volunteer Fire Department

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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

2013

Legal Domicile

Tax Period

2025-01-01 to 2025-12-31

Garretson Volunteer Fire Department, founded in 2013, is a small nonprofit in the Public Safety sector that reported $278K in total revenue in fiscal year 2025. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $145K, a strong 52% operating margin.

Mission

The Garretson Volunteer Fire Department serves the City of Garretson and surrounding communities in Eastern South Dakota. The Department is made up completely of volunteer fireman and is responsible for roughly 100 square miles within its primary coverage area.

Program Service Accomplishments

Program 1

Expenses: $132,695

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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 (2025)

Revenue Breakdown

Contributions & Grants $267,438

Program Service Revenue $0

Investment Income $9,928

Other Revenue $276

TOTAL REVENUE $277,642

Expense Breakdown

Grants Paid $222

Salaries & Benefits $3,598

Fundraising Expenses $0

Program Expenses $132,695

Other Expenses $128,875

TOTAL EXPENSES $132,695

Year-over-Year Comparison

	2025	2024	Change
Revenue	$277,642	$234,627	+0.2%
Expenses	$132,695	$149,831	-0.1%
Net Income	$144,947	$84,796	+0.7%

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

$2,398

Total Directors

$3,598

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tad Heitkamp	Vice President	2.00	Officer Director	$1,200	$0	$1,200
Todd Fink	President	2.00	Officer Director	$599	$0	$599
Levi Schmid	Vice President	2.00	Officer Director	$599	$0	$599
Ryan Longhenry	Director	2.00	Director	$500	$0	$500
John Shape	Vice President	2.00	Director	$350	$0	$350
Jason Janssen	Director	2.00	Director	$350	$0	$350
Dante Tezza	Treasurer	2.00	Officer Director	$0	$0	$0
Jacob Tyrrell	Secretary	2.00	Officer Director	$0	$0	$0
Colby Pierret	Director	2.00	Officer 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
2025	$277,642	$132,695	$1,201,750	$144,947
2024	$234,627	$149,831	$1,057,171	$84,796
2023	$201,489	$148,253	$972,834	$53,236
2022	$188,121	$147,562	$919,701	$40,559
2021	$273,891	$142,426	$878,580	$131,465
2020	$64,225	$149,731	$748,922	$-85,506
2019	$185,181	$221,412	$874,976	$-36,231
2018	$166,228	$283,086	$1,021,212	$-116,858