FIREFIGHTERS' RELIEF ASSN FIFTY LAKES

EIN: 363526175

FIFTY LAKES, MN

Total Revenue
$7,433
Total Expenses
$12,124
Total Assets
$315,208
Net Assets
$92,010
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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
1979
Legal Domicile
MN
Principal Officer
WILLIAM BRIGHT
Phone
2188203427
Tax Period
2023-01-01 to 2023-12-31

FIREFIGHTERS' RELIEF ASSN FIFTY LAKES, founded in 1979, is a micro nonprofit that reported $7K in total revenue in fiscal year 2023. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $12K exceeded revenue, resulting in a 63% operating deficit.

Mission

PROVIDE RETIREMENT AND OTHER BENEFITS TO ITS VOLUNTEER FIREFIGHTER MEMBERS.

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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 $10,415
Program Service Revenue $0
Investment Income $3,596
Other Revenue $-6,578
TOTAL REVENUE $7,433

Expense Breakdown

Grants Paid $0
Salaries & Benefits $705
Fundraising Expenses $0
Program Expenses $10,074
Other Expenses $4,555
TOTAL EXPENSES $12,124

Year-over-Year Comparison

2023 2022 Change
Revenue $7,433 $42,412 -0.8%
Expenses $12,124 $61,056 -0.8%
Net Income $-4,691 $-18,644 -0.7%
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
5
Independent Members
5
Employees
15
Volunteers
5

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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JESSE ANDERSON TRUSTEE 1.00
Director
$0 $0 $0
MARK BRADLEY TREASURER 1.00
Officer Director
$0 $0 $0
WILLIAM BRIGHT PRESIDENT 1.00
Officer Director
$0 $0 $0
DAWN FITZPATRICK SECRETARY 1.00
Officer Director
$0 $0 $0
TOM STOBER TRUSTEE 1.00
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 $7,433 $12,124 $315,208 $-4,691
2022 $42,412 $61,056 $288,841 $-18,644
2021 $16,737 $6,963 $357,416 $9,774
2020 $29,273 $5,066 $320,241 $24,207
2019 $26,182 $13,424 $273,531 $12,758
2018 $2,057 $1,477 $233,847 $580
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