ELK RIVER FIRE DEPARTMENT RELIEF ASSOCIATION (EIN 363415975) - Form 990 Financial Analysis & Trantor Score

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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

1922

Legal Domicile

Principal Officer

JEREMY COLLINS

Phone

7636351081

Tax Period

2024-01-01 to 2024-12-31

ELK RIVER FIRE DEPARTMENT RELIEF ASSOCIATION, founded in 1922, is a small nonprofit in the Public Safety sector that reported $484K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $410K, a strong 85% 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $374,063

Program Service Revenue $0

Investment Income $108,999

Other Revenue $605

TOTAL REVENUE $483,667

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,096

Fundraising Expenses $0

Other Expenses $68,107

TOTAL EXPENSES $73,203

Year-over-Year Comparison

	2024	2023	Change
Revenue	$483,667	$423,701	+0.1%
Expenses	$73,203	$656,927	-0.9%
Net Income	$410,464	$-233,226	-2.8%

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

$5,096

Total Directors

$5,096

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTIN PRESCOTT	TREASURER	5.00	Officer Director	$3,900	$0	$3,900
TRENT COLLINS	SECRETARY	2.00	Officer Director	$780	$0	$780
GARRETT ERDMAN	PRESIDENT (THRU 12/01/2024)	1.00	Officer Director	$416	$0	$416
MIKE TIETZ	VP/PRESIDENT (BEG 12/01/2024)	0.25	Officer Director	$0	$0	$0
JEREMY COLLINS	TRUSTEE	0.25	Director	$0	$0	$0
MIKE KELLEHER	TRUSTEE	0.25	Director	$0	$0	$0
JOHN DIETZ	CITY MAYOR, EX-OFFICIO TRUSTEE	0.25	Director	$0	$0	$0
JOE STREMCHA	CITY ADMIN, EX-OFFICIO TRUSTEE	0.25	Director	$0	$0	$0
MARK DICKINSON	FIRE CHIEF, EX-OFFICIO TRUSTEE	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	$483,667	$73,203	$3,929,988	$410,464
2023	$423,701	$656,927	$3,305,596	$-233,226
2022	$384,536	$913,873	$3,290,706	$-529,337
2021	$352,874	$357,540	$4,395,996	$-4,666
2020	$351,987	$284,348	$4,080,780	$67,639
2019	$333,362	$462,732	$3,865,842	$-129,370
2018	$334,522	$400,754	$3,402,437	$-66,232

ELK RIVER FIRE DEPARTMENT RELIEF ASSOCIATION