WYOMING FIRE DEPT RELIEF ASSOCIATION

EIN: 261880371 Mutual Benefit

WYOMING, MN

Total Revenue
$111,547
Total Expenses
$5,427
Total Assets
$1,326,006
Net Assets
$1,325,006
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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
1949
Legal Domicile
MN
Principal Officer
TIM QUAST
Phone
7634646408
Tax Period
2023-01-01 to 2023-12-31

WYOMING FIRE DEPT RELIEF ASSOCIATION, founded in 1949, is a small nonprofit in the Mutual Benefit sector that reported $112K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $106K, a strong 95% operating margin.

Mission

TO PROVIDE RETIREMENT BENEFITS TO 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 (2023)

Revenue Breakdown

Contributions & Grants $135,808
Program Service Revenue $0
Investment Income $3,327
Other Revenue $-27,588
TOTAL REVENUE $111,547

Expense Breakdown

Grants Paid $718
Salaries & Benefits $1,500
Fundraising Expenses $0
Program Expenses $718
Other Expenses $3,209
TOTAL EXPENSES $5,427

Year-over-Year Comparison

2023 2022 Change
Revenue $111,547 $85,581 +0.3%
Expenses $5,427 $8,538 -0.4%
Net Income $106,120 $77,043 +0.4%
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
27

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
$1,500
Total Directors
9
$1,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICK ACKER PRESIDENT 3.00
Officer Director
$500 $0 $500
ALEX BULMER TREASURER 3.00
Officer Director
$500 $0 $500
JACQUELYN HASTINGS SECRETARY 3.00
Officer Director
$500 $0 $500
TRAVIS PARSON VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
TRACY JOHNSON TRUSTEE 0.25
Director
$0 $0 $0
NATHAN ENNIS TRUSTEE 0.25
Director
$0 $0 $0
LISA IVERSON EX-OFFICIO 0.25
Director
$0 $0 $0
ROBB LINWOOD EX-OFFICIO 0.25
Director
$0 $0 $0
JESSE MILLIGAN EX-OFFICIO 0.25
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 $111,547 $5,427 $1,326,006 $106,120
2022 $85,581 $8,538 $1,076,174 $77,043
2021 $107,549 $36,940 $1,148,274 $70,609
2020 $59,193 $5,013 $975,194 $54,180
2018 $74,826 $6,495 $645,052 $68,331
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