BRANDON FIREMENS RELIEF ASSOCIATION

EIN: 411297999

BRANDON, MN

Total Revenue
$2,302
Total Expenses
$1,412
Total Assets
$48,343
Net Assets
$48,382
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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
MN
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.

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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 $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

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Governance

Voting Members
3
Independent Members
3
Employees
3
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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
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