HAM LAKE FIRE RELIEF ASSOCIATION (EIN 237438941) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1969

Legal Domicile

Principal Officer

PAUL DEMRO

Phone

7634349555

Tax Period

2024-01-01 to 2024-12-31

HAM LAKE FIRE RELIEF ASSOCIATION, founded in 1969, is a small nonprofit in the Public Safety sector that reported $277K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $226K, a strong 81% operating margin.

Mission

TO PROVIDE RETIREMENT RELIEF AND OTHER BENEFITS TO MEMBERS AND THEIR DEPENDENTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $206,434

Program Service Revenue $0

Investment Income $70,374

Other Revenue $0

TOTAL REVENUE $276,808

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,050

Fundraising Expenses $0

Program Expenses $11,313

Other Expenses $44,925

TOTAL EXPENSES $51,288

Year-over-Year Comparison

	2024	2023	Change
Revenue	$276,808	$203,781	+0.4%
Expenses	$51,288	$355,704	-0.9%
Net Income	$225,520	$-151,923	-2.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$950

Total Directors

$1,050

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES DRIEMAN	TREASURER	1.00	Officer Director	$300	$0	$300
PAUL DEMRO	TRUSTEE/PRESIDENT (BEG 02/28/24)	2.00	Officer Director	$300	$0	$300
PATRICK MCGRATH	SECRETARY	1.00	Officer Director	$250	$0	$250
JEFFREY WUNDERLICH	VICE PRESIDENT	1.00	Officer Director	$100	$0	$100
BILL THORPE	TRUSTEE	1.00	Director	$100	$0	$100
JESSE WILKEN	PRESIDENT (THROUGH 02/28/24)	3.00	Officer Director	$0	$0	$0
ALEX SHILO	TRUSTEE (BEGINNING 01/19/24)	1.00	Director	$0	$0	$0
MICHAEL RACZKOWSKI	FIRE CHIEF, MUNICIPAL TRUSTEE	1.00	Director	$0	$0	$0
BRIAN KIRKHAM	MAYOR, MUNICIPAL TRUSTEE	0.00	Director	$0	$0	$0
DENISE WEBSTER	CITY ADMIN, MUNICIPAL 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	$276,808	$51,288	$2,760,839	$225,520
2023	$203,781	$355,704	$2,339,171	$-151,923
2022	$181,666	$49,765	$2,233,007	$131,901
2021	$154,995	$385,351	$2,530,067	$-230,356
2020	$166,142	$120,291	$2,515,238	$45,851
2019	$152,321	$100,226	$2,238,035	$52,095
2018	$139,694	$21,695	$1,907,462	$117,999

HAM LAKE FIRE RELIEF ASSOCIATION