Lafayette Fire Department Relief Association

EIN: 271073535 501(c)(3) Human Services

Lafayette, MN

Total Revenue
$148,445
Total Expenses
$139,054
Total Assets
$883,674
Net Assets
$883,674
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1932
Legal Domicile
MN
Principal Officer
Doug Hoffmann
Phone
5073816075
Tax Period
2023-01-01 to 2023-12-31

Lafayette Fire Department Relief Association, founded in 1932, is a small nonprofit in the Human Services sector that reported $148K in total revenue in fiscal year 2023. Revenue surged 230% from the prior year, signaling strong growth momentum. Expenses of $139K left a modest 6% surplus.

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 $63,944
Program Service Revenue $0
Investment Income $82,529
Other Revenue $1,972
TOTAL REVENUE $148,445

Expense Breakdown

Grants Paid $50
Salaries & Benefits $899
Fundraising Expenses $0
Program Expenses $131,478
Other Expenses $16,105
TOTAL EXPENSES $139,054

Year-over-Year Comparison

2023 2022 Change
Revenue $148,445 $45,037 +2.3%
Expenses $139,054 $23,438 +4.9%
Net Income $9,391 $21,599 -0.6%
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
6
Independent Members
6
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
$899
Total Directors
6
$899
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Scott Portner President 10.00
Officer Director
$0 $0 $0
Gary Griebel Vice President 10.00
Officer Director
$0 $0 $0
Logan Vandeest Secretary 10.00
Officer Director
$300 $0 $300
Doug Hoffmann Treasurer 10.00
Officer Director
$599 $0 $599
Danielle Marnco Trustee 2.00
Director
$0 $0 $0
Savanna Clemon Trustee 2.00
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 No data No data No data No data
2023 $148,445 $139,054 $883,674 $9,391
2022 $45,037 $23,438 $801,634 $21,599
2021 $44,003 $4,397 $942,145 $39,606
2020 $35,669 $3,421 $766,738 $32,248
2019 $28,870 $4,389 $621,796 $24,481
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