PROJECT FIRE BUDDIES INC (EIN 843955561) - 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

2020

Principal Officer

KURT DEGROOT

Phone

7087701114

Tax Period

2023-01-01 to 2023-12-31

PROJECT FIRE BUDDIES INC, founded in 2020, is a small nonprofit in the Human Services sector that reported $863K in total revenue in fiscal year 2023. Revenue surged 362% from the prior year, signaling strong growth momentum. The organization ran a surplus of $325K, a strong 38% operating margin.

Mission

WE ARE FIREFIGHTERS WHO OFFER SUPPORT AND GIVE BACK TO CHILDREN FIGHTING CRITICAL ILLNESSES.EVERY CRITICAL ILLNESS A CHILD IS BATTLING IS A FIGHT WE WILL GIVE OUR ALL TO. WE STRIVE TO ENSURE THAT EACH CHILD WE REACH WILL STAND WITH THE SUPPORT OF OUR FIREFIGHTERS AND OUR COMMUNITY. OUR FIRST RESPONDER VOLUNTEERS GO ALL OUT WHEN IT COMES TO THE CAUSE. THEY SHOW UP FOR THE KIDS DURING THE HOLIDAYS, RUNNING AN ANNUAL CHRISTMAS TOY DRIVE AND BRINGING HALLOWEEN CANDY TO KIDS WHO ARE TOO SICK TO TRICK-OR- TREAT. WHEN PROJECT FIRE BUDDIES MOBILIZES, IT'S NOT UNUSUAL TO SEE A DOZEN POLICE OFFICERS, FIREFIGHTERS, AND A FAVORITE CARTOON CHARACTER JUMP OUT OF EMERGENCY VEHICLES CARRYING PILES OF DONATED GOODIES FOR OUR FIRE BUDDIES AND THEIR FAMILY TO ENJOY. VOLUNTEERS ALSO MAKE TIME TO VISIT THEIR FIRE BUDDIES THROUGHOUT THE YEAR. ON A TYPICAL VISIT, THEY MIGHT PLAY A GAME OF CATCH, HELP THEIR FIRE BUDDY LEARN TO RIDE A BIKE, READ THEM A FAVORITE STORY, OR EVEN TAKE SOME WHIPPED CREAM IN THE EYE

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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 (2023)

Revenue Breakdown

Contributions & Grants $589,046

Program Service Revenue $0

Investment Income $3,773

Other Revenue $270,079

TOTAL REVENUE $862,898

Expense Breakdown

Grants Paid $7,620

Salaries & Benefits $40,235

Fundraising Expenses $32,108

Program Expenses $457,906

Other Expenses $490,184

TOTAL EXPENSES $538,039

Year-over-Year Comparison

	2023	2022	Change
Revenue	$862,898	$186,870	+3.6%
Expenses	$538,039	$142,700	+2.8%
Net Income	$324,859	$44,170	+6.4%

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

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

$37,374

Total Directors

$37,374

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KURT DEGROOT	CHIEF EXEC.	40.00	Officer Director	$13,455	$0	$13,455
RYAN BALLARD	CHIEF OPER.	40.00	Officer Director	$12,707	$0	$12,707
DANIELLE N ABENDROTH	CHIEF FIN. O	10.00	Officer Director	$11,212	$0	$11,212
RICK MURPHY	DIRECTOR	5.00	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
2023	$862,898	$538,039	$646,437	$324,859

PROJECT FIRE BUDDIES INC