FRELSBURG VOLUNTEER FIRE DEPT (EIN 743141660) - 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

2007

Legal Domicile

Principal Officer

TIM RICICAR

Phone

9797325389

Tax Period

2023-08-01 to 2024-07-31

FRELSBURG VOLUNTEER FIRE DEPT, founded in 2007, is a community nonprofit in the Public Safety sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 99% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 89% operating margin.

Mission

PROVIDE FIREFIGHTING SERVICES FOR FRELSBURG, TEXAS AREA.

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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 $1,050,536

Program Service Revenue $0

Investment Income $5,519

Other Revenue $90,925

TOTAL REVENUE $1,146,980

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $125,284

Other Expenses $128,288

TOTAL EXPENSES $128,288

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,146,980	$575,084	+1.0%
Expenses	$128,288	$73,836	+0.7%
Net Income	$1,018,692	$501,248	+1.0%

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
JAMES BESCH	VICE-PRESIDENT/1ST ASSISTA	3.00	Officer	$0	$0	$0
DONALD NOSKA	SECRETARY	3.00	Officer	$0	$0	$0
DENNIS RICICAR	CHIEF	3.00	Officer	$0	$0	$0
CRAIG NEUMANN	PRESIDENT	3.00	Officer	$0	$0	$0
TIM RICICAR	TREASURER	3.00	Officer	$0	$0	$0
STEPHEN BELOTA	2ND ASSISTANT CHIEF	3.00	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
2024	$1,146,980	$128,288	$2,232,615	$1,018,692
2023	$575,084	$73,836	$1,213,923	$501,248
2022	$345,451	$87,833	$780,008	$257,618
2021	$115,700	$98,197	$572,934	$17,503
2020	$34,779	$84,510	$570,559	$-49,731

FRELSBURG VOLUNTEER FIRE DEPT