The Central Grimes County Fire Association (EIN 824976594) - 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

2018

Legal Domicile

Principal Officer

Michael Kimich

Phone

9368708776

Tax Period

2024-10-01 to 2025-09-30

The Central Grimes County Fire Association, founded in 2018, is a micro nonprofit in the Public Safety sector that reported $83K in total revenue in fiscal year 2024. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $291K exceeded revenue, resulting in a 250% operating deficit.

Mission

Fire Suppresssion, Emergency Medical Service Support & Community Safety Service in Grimes County

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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 $61,776

Program Service Revenue $0

Investment Income $0

Other Revenue $21,387

TOTAL REVENUE $83,163

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $290,864

TOTAL EXPENSES $290,864

Year-over-Year Comparison

	2024	2023	Change
Revenue	$83,163	$146,984	-0.4%
Expenses	$290,864	$310,602	-0.1%
Net Income	$-207,701	$-163,618	+0.3%

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

N/A

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
Michael Kimich	Chief	20.00	Officer	$0	$0	$0
Darryl Dietrich	Assistant Chief	10.00	Officer	$0	$0	$0
Mike Licce	President	4.00	Officer	$0	$0	$0
Stephen Kimich	Treasurer	4.00	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	$83,163	$290,864	$1,540,646	$-207,701
2024	$146,984	$310,602	$1,748,347	$-163,618
2023	$105,533	$154,071	$914,681	$-48,538
2022	$91,899	$149,808	$914,681	$-57,909
2021	$85,223	$133,226	$1,205,041	$-48,003
2019	$123,977	$160,207	$926,668	$-36,230

The Central Grimes County Fire Association