ISANTI MN FIREFIGHTERS RODEO ASSOCIATION INC (EIN 843834585) - 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

2019

Legal Domicile

Principal Officer

MARC VOLK

Phone

7634448019

Tax Period

2024-01-01 to 2024-12-31

ISANTI MN FIREFIGHTERS RODEO ASSOCIATION INC, founded in 2019, is a small nonprofit in the Public Safety sector that reported $486K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $155K, a strong 32% operating margin.

Mission

TO PROVIDE CONTINUED SUPPORT TO THE FIRE DEPARTMENT AND ISANTI COMMUNITY, LESSONING THE BURDEN OF GOVERNMENT.

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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 $70,737

Program Service Revenue $402,065

Investment Income $8,249

Other Revenue $4,829

TOTAL REVENUE $485,880

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $330,975

Other Expenses $330,975

TOTAL EXPENSES $330,975

Year-over-Year Comparison

	2024	2023	Change
Revenue	$485,880	$603,319	-0.2%
Expenses	$330,975	$388,277	-0.1%
Net Income	$154,905	$215,042	-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

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
JEFF HOLMGREN	SECRETARY	N/A	Officer	$0	$0	$0
JASON POLZIN	PRESIDENT	N/A	Officer	$0	$0	$0
PHILLIP SCHMIDT	SECRETARY	N/A	Officer	$0	$0	$0
MARC VOLK	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	$485,880	$330,975	$1,037,479	$154,905
2023	$603,319	$388,277	$983,126	$215,042
2022	$440,206	$253,438	$901,996	$186,768
2021	$214,858	$70,926	$320,751	$143,932

ISANTI MN FIREFIGHTERS RODEO ASSOCIATION INC