GLENCOE FIRE DEPARTMENT RELIEF ASSOCIATION (EIN 411300550) - Form 990 Financial Analysis & Trantor Score

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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

1965

Legal Domicile

Principal Officer

KELLY MAHON

Phone

3208644310

Tax Period

2023-01-01 to 2023-12-31

GLENCOE FIRE DEPARTMENT RELIEF ASSOCIATION, founded in 1965, is a small nonprofit that reported $169K in total revenue in fiscal year 2023. The organization ran a surplus of $98K, a strong 58% operating margin.

Mission

THE ORGANIZATION ACCOUNTS FOR THE ACCUMULATION OF RESOURCES TO BE USED FOR RETIREMENT, DEPENDENT AND DISABILITY ANNUITY PAYMENTS AT APPROPRIATE AMOUNTS AND TIMES IN THE FUTURE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $116,987

Program Service Revenue $0

Investment Income $12,137

Other Revenue $40,231

TOTAL REVENUE $169,355

Expense Breakdown

Grants Paid $400

Salaries & Benefits $5,500

Fundraising Expenses $0

Program Expenses $39,406

Other Expenses $46,318

TOTAL EXPENSES $71,154

Year-over-Year Comparison

	2023	2022	Change
Revenue	$169,355	$161,120	+0.1%
Expenses	$71,154	$132,236	-0.5%
Net Income	$98,201	$28,884	+2.4%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$4,900

Total Directors

$5,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY MAHON	PRESIDENT	4.00	Officer Director	$900	$0	$900
DAN PAGEL	VICE PRESIDENT	4.00	Officer Director	$700	$0	$700
RYAN DORDING	SECRETARY	10.00	Officer Director	$1,900	$0	$1,900
JON DAHLKE	TREASURER	10.00	Officer Director	$1,400	$0	$1,400
ANDREW WEIDENDORF	TRUSTEE	2.00	Director	$300	$0	$300
SCOTT MATTHEWS	TRUSTEE	2.00	Director	$300	$0	$300
CORY SCHEIDT	CHIEF OF FIRE DEPARTMENT	2.00	Director	$0	$0	$0
RYAN VOSS	MAYOR	2.00	Director	$0	$0	$0
MARK LARSON	CITY ADMINISTRATOR	2.00	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	$169,355	$71,154	$1,829,685	$98,201
2022	$161,120	$132,236	$1,503,145	$28,884
2021	$161,234	$123,017	$1,734,753	$38,217
2020	$131,843	$313,465	$1,547,383	$-181,622
2019	$128,731	$92,134	$1,478,239	$36,597
2018	$117,862	$223,404	$1,242,916	$-105,542

GLENCOE FIRE DEPARTMENT RELIEF ASSOCIATION