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Filing year 2024

Loretto Volunteer Fire Dept Inc

Loretto, Minnesota·EIN 41-6037075·NTEE M24 · Public Safety, Disaster Preparedness & Relief·501(c)(3)
Total revenue
$1.2M
Total assets
$2.4M
Total expenses
$1.5M
Reported officers
9
Mission

To provide fire protection and first response medical treatment for the local community.

Executive compensation

Form 990 · Part VII & Schedule J · 9 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Public Safety, Disaster Preparedness & Relief organizations nationwide.

Fire Chief
Highest Compensated Employee
10th to 25th percentile
$110k
$118k
Vice President
75th to 90th percentile
$32k
$34k
Vice President
75th to 90th percentile
$30k
$32k
Trustee
Board Member
Median to 75th percentile
$16k
$17k
Trustee
Board Member
Median to 75th percentile
$12k
$13k
Trustee
Board Member
Median to 75th percentile
$10k
$11k
Treasurer
Board Treasurer
Above 90th percentile
$9k
$10k
Trustee
Board Member
25th percentile to median
$8k
$9k
Secretary
Board Secretary
75th to 90th percentile
$8k
$9k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Public Safety, Disaster Preparedness & Relief

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at Loretto Volunteer Fire Dept Inc equaled 7% of the organization's total expenses. The median for public safety, disaster preparedness & relief organizations is 5%.

This organization (2024)
7%
Sector median
5%
Middle half of sector
2% to 12%

Based on 1,753 public safety, disaster preparedness & relief organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 80%
from 2023

From $61k in 2023 to $110k in 2024.

$61k
2023
$110k
2024
In today's dollarsEst.
Up 75% in real terms$67k to $118k

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Vice President pay rose 162% from 2023 to 2024, while revenue rose 38%.

$12k in 2023 to $32k in 2024.
  • Board Member pay rose 24% from 2023 to 2024.
  • Board Treasurer pay rose 7% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about Loretto Volunteer Fire Dept Inc

What does the Highest Compensated Employee of Loretto Volunteer Fire Dept Inc earn?

In 2024, the Highest Compensated Employee of Loretto Volunteer Fire Dept Inc received $110,240 in total compensation. This pay is in the bottom quarter for Highest Compensated Employee roles among Public Safety, Disaster Preparedness & Relief organizations nationwide, above the lowest 10% of comparable filings. Based on IRS Form 990 data.

How does Highest Compensated Employee pay at Loretto Volunteer Fire Dept Inc compare with similar nonprofits?

Compared with the same role at Public Safety, Disaster Preparedness & Relief organizations nationwide, the 2024 pay of the Highest Compensated Employee at Loretto Volunteer Fire Dept Inc falls between the 10th and 25th percentiles. In 2024, the highest total compensation at Loretto Volunteer Fire Dept Inc equaled 7% of the organization's total expenses. The median for public safety, disaster preparedness & relief organizations is 5%.

What are Loretto Volunteer Fire Dept Inc's revenue and expenses?

In 2024, Loretto Volunteer Fire Dept Inc reported $1.2M in total revenue and $1.5M in total expenses on its IRS Form 990.

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