BRANDON FIREMENS RELIEF ASSOCIATION

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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

1991

Legal Domicile

Principal Officer

RICHARD A KORKOWSKI

Phone

7016401285

Tax Period

2024-01-01 to 2024-12-31

BRANDON FIREMENS RELIEF ASSOCIATION, founded in 1991, is a micro nonprofit that reported $2K in total revenue in fiscal year 2024. The organization ran a surplus of $890, a strong 39% operating margin.

Mission

TO PROVIDE RETIREMENT BENEFITS TO ITS VOLUNTEER FIREFIGHTER MEMEBERS. THEY ALSO RAISE FUNDS THROUGH A LAWFUL GAMBLING OPERATION TO FUND FIREFIGHTING EQUIPMENT, TRAINING, YOUTH COMMUNITY PROGRAMS, AND ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $1,412

THESE FUNDS ARE USED FOR PROGRAM EXPENSES AND FOR RAISING AND MAINTAINING OF THE RETIREMENT GENERAL FUND.

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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 $0

Program Service Revenue $0

Investment Income $102

Other Revenue $2,200

TOTAL REVENUE $2,302

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,412

Other Expenses $1,412

TOTAL EXPENSES $1,412

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,302	$-8,576	-1.3%
Expenses	$1,412	$1,651	-0.1%
Net Income	$890	$-10,227	-1.1%

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

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANA BARFKNECHT	PRESIDENT	000.50	Officer	$0	$0	$0
MATT LANGE	SECRETARY	000.50	Officer	$0	$0	$0
SHANE HAMBERG	TREASURER	000.50	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
2025	No data	No data	No data	No data
2024	$2,302	$1,412	$48,343	$890
2023	$-8,576	$1,651	$46,787	$-10,227
2022	$20,494	$3,767	$57,057	$16,727
2021	$7,311	$315	$41,085	$6,996
2020	$282	$3,722	$34,089	$-3,440
2019	$6,075	$4,692	$38,129	$1,383