SILVER BAY FIREFIGHTERS RELIEF ASSOCIATION

EIN: 202798847 Public Safety

SILVER BAY, MN

Total Revenue
$45,474
Total Expenses
$11,772
Total Assets
$887,013
Net Assets
$852,502
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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
1957
Legal Domicile
MN
Principal Officer
DARRYL HANSEN
Phone
2182202090
Tax Period
2023-01-01 to 2023-12-31

SILVER BAY FIREFIGHTERS RELIEF ASSOCIATION, founded in 1957, is a micro nonprofit in the Public Safety sector that reported $45K in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $34K, a strong 74% operating margin.

Mission

TO PROVIDE RETIREMENT BENEFITS TO MEMBERS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $43,364
Program Service Revenue $0
Investment Income $36
Other Revenue $2,074
TOTAL REVENUE $45,474

Expense Breakdown

Grants Paid $500
Salaries & Benefits $1,500
Fundraising Expenses $0
Program Expenses $3,824
Other Expenses $9,772
TOTAL EXPENSES $11,772

Year-over-Year Comparison

2023 2022 Change
Revenue $45,474 $31,859 +0.4%
Expenses $11,772 $99,111 -0.9%
Net Income $33,702 $-67,252 -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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
18

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
4
$1,000
Total Directors
9
$1,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BROCK ERNEST TREASURER 1.00
Officer Director
$750 $0 $750
TROY LEBLANC SECRETARY 1.00
Officer Director
$250 $0 $250
DARRYL HANSEN PRESIDENT 0.50
Officer Director
$0 $0 $0
TODD PERFETTO VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
SPENCER TIBONI TRUSTEE 0.50
Director
$0 $0 $0
SHILOH BOMAN TRUSTEE 0.50
Director
$0 $0 $0
MIKE ROWLEE FIRE CHIEF, EX-OFFICIO TRUSTEE 0.50
Director
$0 $0 $0
MAYOR WADE LEBLANC EX-OFFICIO TRUSTEE 0.50
Director
$0 $0 $0
LANA FRALICH CITY ADMINISTRATOR, EX-OFFICIO TRUSTEE 0.50
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
2024 No data No data No data No data
2023 $45,474 $11,772 $887,013 $33,702
2022 $31,859 $99,111 $698,332 $-67,252
2021 $39,319 $171,495 $935,143 $-132,176
2020 $24,150 $94,051 $911,734 $-69,901
2019 $29,576 $76,721 $819,558 $-47,145
2018 $26,057 $41,680 $693,110 $-15,623
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