SALIX FIRE DEPARTMENT

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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

Legal Domicile

Principal Officer

JAN HUBERT

Phone

7124901781

Tax Period

2023-01-01 to 2023-12-31

SALIX FIRE DEPARTMENT, founded in 2020, is a small nonprofit in the Health Care sector that reported $136K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $171K exceeded revenue, resulting in a 26% operating deficit.

Mission

Volunteer fire department who provides fire fighting and EMT services to the Salix, IA region

Program Service Accomplishments

Program 1

Expenses: $148,668 Revenue: $90,409

ALLOTTED FUNDS FROM GRANGE, LAKEPORT, AND LIBERTY TOWNSHIPS ARE COLLECTED ANNUALLY. FUNDS ARE COLLECTED AFTER EXPENSES ARE INCURRED.

Program 2

Expenses: $19,046 Revenue: $21,342

THE VOLUNTEER FIRE DEPT WORKS WITH, AND BILLS INSURANCE COMPANIS FOR EMT SERVICES PROVIDED TO THE SERVICE AREA.

Program 3

Expenses: $831 Revenue: $10,764

UNRESTRICTED DONATIONS FROM ANNUAL REQUESTS

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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 $112,278

Program Service Revenue $21,342

Investment Income $2,618

Other Revenue $0

TOTAL REVENUE $136,238

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $168,545

Other Expenses $171,308

TOTAL EXPENSES $171,308

Year-over-Year Comparison

	2023	2022	Change
Revenue	$136,238	$174,684	-0.2%
Expenses	$171,308	$109,354	+0.6%
Net Income	$-35,070	$65,330	-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

Governance

Voting Members

Independent Members

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
WADE BROWN	ASSISTANT CHIEF	15	Officer	$0	$0	$0
JAN HUBERT	TREASURER	10	Officer	$0	$0	$0
DEREK STANFIELD	CHIEF	20	Officer	$0	$0	$0
DAVID BROWN	ASSISTANT CHIEF	20	Officer	$0	$0	$0
HEIDI STANFIELD	SECRETARY	15	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	$136,238	$171,308	$173,183	$-35,070
2022	$174,684	$109,354	$188,121	$65,330
2021	$122,443	$145,202	$118,713	$-22,759
2020	$129,752	$92,307	$149,629	$37,445