Garretson Volunteer Fire Department (EIN 463033412) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

Garretson Volunteer Fire Department, founded in 2013, is a small nonprofit in the Public Safety sector that reported $166K in total revenue in fiscal year 2018. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $283K exceeded revenue, resulting in a 70% operating deficit.

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.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $226,126

Program Service Revenue $0

Investment Income $7,305

Other Revenue $1,196

TOTAL REVENUE $234,627

Expense Breakdown

Grants Paid $50

Salaries & Benefits $3,948

Fundraising Expenses $0

Program Expenses $149,831

Other Expenses $145,833

TOTAL EXPENSES $149,831

Year-over-Year Comparison

	2024	2023	Change
Revenue	$234,627	$201,489	+0.2%
Expenses	$149,831	$148,253	+0.0%
Net Income	$84,796	$53,236	+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

$3,248

Total Directors

$3,948

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tad Heitkamp	President	2.00	Officer Director	$1,200	$0	$1,200
Todd Fink	Vice President	2.00	Officer Director	$599	$0	$599
Levi Schmid	Vice President	2.00	Officer Director	$599	$0	$599
Ryan Longhenry	Treasurer	2.00	Officer Director	$500	$0	$500
Markus Staeffler	Secretary	2.00	Officer Director	$350	$0	$350
John Shape	Director	2.00	Director	$350	$0	$350
Jason Janssen	Director	2.00	Director	$350	$0	$350

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	$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

Garretson Volunteer Fire Department