IOWA COLONY VOLUNTEER FIRE DEPARTMENT

EIN: 760188333 501(c)(3) Public Safety

ROSHARON, TX

Total Revenue
$333,799
Total Expenses
$308,697
Total Assets
$541,521
Net Assets
$334,355
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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
2002
Legal Domicile
TX
Principal Officer
MARILYN CORREIA
Phone
7138283187
Tax Period
2024-01-01 to 2024-12-31

IOWA COLONY VOLUNTEER FIRE DEPARTMENT, founded in 2002, is a small nonprofit in the Public Safety sector that reported $334K in total revenue in fiscal year 2024. Revenue surged 104% from the prior year, signaling strong growth momentum. Expenses of $309K left a modest 8% surplus.

Mission

FIREFIGHTING, PREVENTION & AWARENESS

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $188,868
Program Service Revenue $13,551
Investment Income $35,633
Other Revenue $95,747
TOTAL REVENUE $333,799

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,820
Fundraising Expenses $0
Program Expenses $302,442
Other Expenses $298,877
TOTAL EXPENSES $308,697

Year-over-Year Comparison

2024 2023 Change
Revenue $333,799 $164,018 +1.0%
Expenses $308,697 $218,452 +0.4%
Net Income $25,102 $-54,434 -1.5%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
20

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSH WALTERS PRESIDENT N/A
Officer
$0 $0 $0
PAOLO BERNAR VICE PRESIDENT N/A
Officer
$0 $0 $0
SYDNEY HARGRODER SECRETARY N/A
Officer
$0 $0 $0
MARILYN CORREIA TREASURER N/A
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 $333,799 $308,697 $541,521 $25,102
2023 $164,018 $218,452 $370,534 $-54,434
2022 $203,366 $144,995 $414,924 $58,371
2021 $249,467 $79,913 $333,636 $169,554
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