NEW ULM VOLUNTEER FIRE DEPARTMENT (EIN 746062307) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1952

Legal Domicile

Principal Officer

BRENT BOYCE

Phone

9798858173

Tax Period

2023-05-01 to 2024-04-30

NEW ULM VOLUNTEER FIRE DEPARTMENT, founded in 1952, is a small nonprofit in the Public Safety sector that reported $189K in total revenue in fiscal year 2023. The organization ran a surplus of $95K, a strong 50% operating margin.

Mission

THE NEW ULM VOLUNTEER FIRE DEPARTMENT WAS ESTABLISHED TO PROVIDE EMERGENCY SERVICES AND FIRE PROTECTION FOR THE CITY OF NEW ULM, TEXAS AND SURROUNDING AREAS WITHIN AUSTIN COUNTY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $117,484

Program Service Revenue $0

Investment Income $158

Other Revenue $70,911

TOTAL REVENUE $188,553

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $92,459

Other Expenses $94,033

TOTAL EXPENSES $94,033

Year-over-Year Comparison

	2023	2022	Change
Revenue	$188,553	$188,806	0.0%
Expenses	$94,033	$55,043	+0.7%
Net Income	$94,520	$133,763	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
BRENT BOYCE	PRESIDENT	2.00	Officer Director	$0	$0	$0
ROYCE GROSS	1ST VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DOUGLAS LUEDKE	2ND VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MARY LUEDKE	SECRETARY	2.00	Officer Director	$0	$0	$0
CHARLES BOLTEN	TREASURER	2.00	Officer Director	$0	$0	$0
BRUCE LUEDKE	FIRE CHIEF	10.00	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	No data	No data	No data	No data
2024	$188,553	$94,033	$704,423	$94,520
2023	$188,806	$55,043	$609,903	$133,763
2022	$104,023	$84,951	$645,224	$19,072
2021	$81,454	$56,908	$641,312	$24,546
2020	$73,587	$57,912	$647,845	$15,675
2019	$73,679	$62,854	$660,784	$10,825
2018	$67,277	$53,502	$607,413	$13,775

NEW ULM VOLUNTEER FIRE DEPARTMENT