THE SHAFER VOLUNTEER FIREMEN'S BENEFIT ASSOCIATION

EIN: 363591381

SHAFER, MN

Total Revenue
$159,331
Total Expenses
$144,619
Total Assets
$512,569
Net Assets
$511,187
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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
1974
Legal Domicile
MN
Phone
6512574753
Tax Period
2023-01-01 to 2023-12-31

THE SHAFER VOLUNTEER FIREMEN'S BENEFIT ASSOCIATION, founded in 1974, is a small nonprofit that reported $159K in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Expenses of $145K left a modest 9% surplus.

Mission

PROVIDE BENEFITS FOR INDIVIDUALS PROVIDING THE GOVERNMENT SERVICE OF FIREFIGHTING.

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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 $24,156
Program Service Revenue $0
Investment Income $2
Other Revenue $135,173
TOTAL REVENUE $159,331

Expense Breakdown

Grants Paid $144,600
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $144,600
Other Expenses $19
TOTAL EXPENSES $144,619

Year-over-Year Comparison

2023 2022 Change
Revenue $159,331 $198,330 -0.2%
Expenses $144,619 $189,947 -0.2%
Net Income $14,712 $8,383 +0.8%
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

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Governance

Voting Members
4
Independent Members
4
Employees
5
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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON WILKINSON PRESIDENT/TREASURER 1.00
Officer
$0 $0 $0
JOHN LINNEROOTH VICE PRESIDENT 1.00
Officer
$0 $0 $0
MATT MACHTON SECRETARY 1.00
Officer
$0 $0 $0
JUSTIN BYE TREASURER 1.00
Officer
$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 $159,331 $144,619 $512,569 $14,712
2022 $198,330 $189,947 $437,367 $8,383
2021 No data No data No data No data
2020 No data No data No data No data
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