FREEMAN VOLUNTEER FIRE DEPARTMENT

EIN: 921485177 501(c)(3) Public Safety

FREEMAN, SD

Total Revenue
$266,463
Total Expenses
$998
Total Assets
$265,465
Net Assets
$265,465
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
SD
Principal Officer
TY SOULEK
Phone
9135582758
Tax Period
2022-11-07 to 2022-12-31

FREEMAN VOLUNTEER FIRE DEPARTMENT, founded in 2022, is a small nonprofit in the Public Safety sector that reported $266K in total revenue in fiscal year 2022. The organization ran a surplus of $265K, a strong 100% operating margin.

Mission

OUR MISSION IS TO PROTECT OUR COMMUNITY AND PROVIDE SAFETY FOR OUR PEOPLE FROM ALL FIRE HAZARDS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $264,736
Program Service Revenue $0
Investment Income $2,199
Other Revenue $-472
TOTAL REVENUE $266,463

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $216
Other Expenses $998
TOTAL EXPENSES $998

Year-over-Year Comparison

2022 2021 Change
Revenue $266,463 N/A N/A
Expenses $998 N/A N/A
Net Income $265,465 N/A N/A
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
6
Independent Members
6
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
2
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSH ANDERSEN FIRE CHIEF 3.25
Director
$0 $0 $0
CODY FRANSEN ASSISTANT CH 2.00
Director
$0 $0 $0
CHAD KNITTEL TREASURER 4.75
Officer Director
$0 $0 $0
ERIN LACHMAN ASSISTANT CH 2.00
Director
$0 $0 $0
STET MUTCHELKNAUS ASSISTANT CH 2.00
Director
$0 $0 $0
TY SOULEK PRESIDENT 1.25
Officer 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
2022 $266,463 $998 $265,465 $265,465
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