WALKER VOLUNTEER FIREMEN'S RELIEF

EIN: 363589103

WALKER, MN

Total Revenue
$256,895
Total Expenses
$319,374
Total Assets
$2,226,164
Net Assets
$2,181,718
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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
1961
Legal Domicile
MN
Principal Officer
PATRICK WOOD
Phone
2185360581
Tax Period
2024-01-01 to 2024-12-31

WALKER VOLUNTEER FIREMEN'S RELIEF, founded in 1961, is a small nonprofit that reported $257K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $319K exceeded revenue, resulting in a 24% operating deficit.

Mission

PROVIDE RETIREMENT BENEFITS TO VOLUNTEER FIREFIGHTERS OF THE WALKER AREA JOINT FIRE DEPARTMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $87,799
Program Service Revenue $0
Investment Income $133,905
Other Revenue $35,191
TOTAL REVENUE $256,895

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $271,420
Other Expenses $47,954
TOTAL EXPENSES $319,374

Year-over-Year Comparison

2024 2023 Change
Revenue $256,895 $197,423 +0.3%
Expenses $319,374 $35,279 +8.1%
Net Income $-62,479 $162,144 -1.4%
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
25

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
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICK WOOD PRESIDENT 1.00
Officer Director
$0 $0 $0
JUSTIN BEARD VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
TRAVIS BAKER TREASURER 1.00
Officer Director
$0 $0 $0
BROOKE VINKEMEIER SECRETARY 1.00
Officer Director
$0 $0 $0
KARLY BAKER TRUSTEE 1.00
Director
$0 $0 $0
JIM CRONK TRUSTEE 1.00
Director
$0 $0 $0
RON GEISER TRUSTEE 1.00
Director
$0 $0 $0
WAYNE MILLER TRUSTEE 1.00
Director
$0 $0 $0
JON STEWART FIRE CHIEF 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 $256,895 $319,374 $2,226,164 $-62,479
2023 $197,423 $35,279 $2,075,899 $162,144
2022 $215,758 $206,446 $1,715,974 $9,312
2021 $230,673 $63,269 $2,116,613 $167,404
2020 $165,241 $99,475 $1,727,660 $65,766
2019 $153,412 $19,581 $1,556,138 $133,831
2018 $162,226 $16,283 $1,222,871 $145,943
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