KEARNEY VOLUNTEER FIRE DEPARTMENT (EIN 476033637) - 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

1883

Legal Domicile

Principal Officer

WILLIAM M SCHAFFNITT

Phone

3082333226

Tax Period

2024-04-01 to 2025-03-31

KEARNEY VOLUNTEER FIRE DEPARTMENT, founded in 1883, is a small nonprofit in the Public Safety sector that reported $510K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $306K, a strong 60% operating margin.

Mission

FIRE PREVENTION

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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 (2024)

Revenue Breakdown

Contributions & Grants $486,908

Program Service Revenue $0

Investment Income $18,486

Other Revenue $4,567

TOTAL REVENUE $509,961

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $203,680

Other Expenses $203,680

TOTAL EXPENSES $203,680

Year-over-Year Comparison

	2024	2023	Change
Revenue	$509,961	$419,271	+0.2%
Expenses	$203,680	$170,425	+0.2%
Net Income	$306,281	$248,846	+0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM M SCHAFFNITT	PRESIDENT	5.00	Officer	$0	$0	$0
BRAD ISAAC	VICE-PRESIDENT	5.00	Officer	$0	$0	$0
BRAD ANDERSON	SECRETARY	5.00	Officer	$0	$0	$0
MATTHEW ULLMAN	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	$509,961	$203,680	$864,290	$306,281
2024	$419,271	$170,425	$557,860	$248,846
2023	$214,028	$221,108	$309,014	$-7,080
2022	$253,465	$232,711	$316,094	$20,754
2021	$195,726	$158,035	$295,340	$37,691
2020	$195,219	$200,107	$257,649	$-4,888
2019	$311,711	$320,353	$262,537	$-8,642

KEARNEY VOLUNTEER FIRE DEPARTMENT