INDIANA FIREMENS RELIEF ASSOCIATION

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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

1878

Legal Domicile

Principal Officer

WILLIAM SIMMONS

Phone

7244652400

Tax Period

2024-01-01 to 2024-12-31

INDIANA FIREMENS RELIEF ASSOCIATION, founded in 1878, is a small nonprofit that reported $204K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $45K, a strong 22% operating margin.

Mission

PROVIDES FOR THE HEALTH AND SAFETY OF MEMBERS OF THE INDIANA FIRE ASOCIATION. STATE FUNDED

Program Service Accomplishments

Program 1

Expenses: $159,643 Revenue: $204,194

PROVIDE FOR THE HEALTH AND SAFETY OF MEMBERS OF THE INDIANA FIRE ASSOCIATION

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $155,496

Program Service Revenue $0

Investment Income $39,757

Other Revenue $8,941

TOTAL REVENUE $204,194

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $159,643

Other Expenses $159,124

TOTAL EXPENSES $159,643

Year-over-Year Comparison

	2024	2023	Change
Revenue	$204,194	$217,960	-0.1%
Expenses	$159,643	$315,926	-0.5%
Net Income	$44,551	$-97,966	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMIE EMPFIELD	Secretary	2	Officer	$0	$0	$0
THOMAS PARKER	Treasurer	2	Officer	$0	$0	$0
WILLIAM SIMMONS	President	2	Officer	$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	$204,194	$159,643	$471,945	$44,551
2023	$217,960	$315,926	$427,394	$-97,966
2022	$111,422	$290,456	$525,360	$-179,034
2021	$402,447	$396,060	$704,394	$6,387
2020	$303,757	$292,455	$698,007	$11,302
2019	$222,743	$273,437	$686,704	$-50,694
2018	$264,299	$319,074	$737,398	$-54,775