M โ€” Public Safety, Disaster Preparedness & ReliefEIN: 416037075ยท Ruling Year: 1999

Loretto Volunteer Fire Dept Inc

Loretto, Minnesota

A-Health Score
79A-

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Very Good

๐Ÿ’ฐ
$844K
Total Revenue
๐Ÿ“Š
$1.0M
Total Expenses
๐Ÿฆ
$2.0M
Net Assets
๐Ÿ“‹
$331K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+25.0%
Year-over-year change (2022 โ†’ 2023)
Net Margin
-21.1%
Revenue minus expenses as % of revenue
Working Capital Ratio
1.92
Net assets divided by total expenses
Liabilities-to-Assets
14.4%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$844,086โ†‘25%$1,021,898โ†‘84%$2,289,069โ†‘89%
2022$675,460โ†‘7%$555,906โ†“3%$1,209,351โ†‘13%
2021$632,158โ†‘7%$571,580โ†‘8%$1,072,945โ†“2%
2020$590,494โ†‘5%$529,738โ†‘13%$1,098,768โ†“1%
2019$560,375โ†‘10%$469,597โ†“17%$1,114,015โ†“4%
2018$509,184โ†‘1%$565,804โ†‘16%$1,156,057โ†“7%
2017$504,568โ†‘5%$488,432โ†‘5%$1,245,537โ†‘70%
2016$482,502โ†‘6%$465,495$733,363โ†“2%
2015$455,998โ†‘8%$467,670โ†‘5%$745,307โ†“5%
2014$422,529โ†‘5%$443,510โ†“13%$785,371โ†“6%
2013$400,870โ†‘1%$507,977โ†‘15%$831,381โ†“13%
2012$396,497โ†‘8%$443,337โ†‘11%$951,413โ†‘47%
2011$365,670$400,007$649,136

Frequently Asked Questions

What does Loretto Volunteer Fire Dept Inc do?โ–ผ

Loretto Volunteer Fire Dept Inc is a public safety, disaster preparedness & relief nonprofit organization based in Minnesota. It is classified under NTEE code M24 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Loretto Volunteer Fire Dept Inc financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, Loretto Volunteer Fire Dept Inc has a score of 79/100 (Grade: A-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Loretto Volunteer Fire Dept Inc generate?โ–ผ

Loretto Volunteer Fire Dept Inc reports $1.2M in annual revenue and holds $2.4M in total assets, based on IRS filings.

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Loretto Volunteer Fire Dept Inc โ€” Loretto, MN | GiveScope