Fulda Firemens Relief Association

EIN: 237131240

Fulda, MN

Total Revenue
$88,621
Total Expenses
$17,435
Total Assets
$785,008
Net Assets
$784,861
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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
1968
Legal Domicile
MN
Principal Officer
Willie Sanow
Phone
5072270666
Tax Period
2024-01-01 to 2024-12-31

Fulda Firemens Relief Association, founded in 1968, is a micro nonprofit that reported $89K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $71K, a strong 80% operating margin.

Mission

The Volunteer Relief Association provides benefits and support for the members of the Fulda Volunteer Firefighters.

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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 (2024)

Revenue Breakdown

Contributions & Grants $51,924
Program Service Revenue $0
Investment Income $17,376
Other Revenue $19,321
TOTAL REVENUE $88,621

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,100
Fundraising Expenses $0
Program Expenses $1,989
Other Expenses $16,335
TOTAL EXPENSES $17,435

Year-over-Year Comparison

2024 2023 Change
Revenue $88,621 $67,437 +0.3%
Expenses $17,435 $32,971 -0.5%
Net Income $71,186 $34,466 +1.1%
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
17

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
$1,100
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Willie Sanow President 0.50
Officer
$200 $0 $200
Ryan Baumgartner Vice-President 0.00
Officer
$0 $0 $0
Jonathan Nau Treasurer 1.00
Officer
$600 $0 $600
Cate Hennager Secretary 0.50
Officer
$300 $0 $300
Scott Bultmann Trustee 0.00
Director
$0 $0 $0
Gary Clarke Trustee 0.00
Director
$0 $0 $0
David Baumhoefner Ex Officio Trustee 0.00
Director
$0 $0 $0
Chad Ouellette Ex Officio Trustee 0.00
Director
$0 $0 $0
Julie Burchill Ex Officio Trustee 0.00
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 $88,621 $17,435 $785,008 $71,186
2023 $67,437 $32,971 $695,959 $34,466
2022 $69,771 $26,289 $637,741 $43,482
2021 $57,899 $37,550 $627,510 $20,349
2020 $47,384 $7,669 $578,215 $39,715
2019 $64,756 $24,772 $526,014 $39,984
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