LEMARS VOLUNTEER FIRERESCUE

EIN: 831235484 501(c)(3) Public Safety

LE MARS, IA

Total Revenue
$234,928
Total Expenses
$74,632
Total Assets
$306,045
Net Assets
$306,045
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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
2022
Legal Domicile
IA
Tax Period
2023-01-01 to 2023-12-31

LEMARS VOLUNTEER FIRERESCUE, founded in 2022, is a small nonprofit in the Public Safety sector that reported $235K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $160K, a strong 68% operating margin.

Mission

RECEIVE DONATIONS, DO FUNDRAISING AND OBTAIN GRANTS TO SUPPORT THE FIRE DEPARTMENT AND SUPPLY UNIFORMS AND PROTECTIVE GEAR TO THE FIREFIGHTERS

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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 (2023)

Revenue Breakdown

Contributions & Grants $234,651
Program Service Revenue $0
Investment Income $277
Other Revenue $0
TOTAL REVENUE $234,928

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $74,632
Other Expenses $74,632
TOTAL EXPENSES $74,632

Year-over-Year Comparison

2023 2022 Change
Revenue $234,928 $202,243 +0.2%
Expenses $74,632 $170,371 -0.6%
Net Income $160,296 $31,872 +4.0%
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

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Governance

Voting Members
43
Independent Members
N/A
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL WISE VICE-PRESIDENTQ 0.00
Officer
$0 $0 $0
KEVIN BOLTON SECRETARY TREASURER 0.00
Officer
$0 $0 $0
DAVID SCHIPPER PRESIDENT 0.00
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
2023 $234,928 $74,632 $306,045 $160,296
2022 $202,243 $170,371 $145,749 $31,872
2018 No data No data No data No data
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