HARMONY FIREFIGHTERS RELIEF ASSOCIATION (EIN 411308750) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

JAMES SKAALEN

Phone

5078862304

Tax Period

2023-01-01 to 2023-12-31

HARMONY FIREFIGHTERS RELIEF ASSOCIATION, founded in 1995, is a small nonprofit that reported $282K in total revenue in fiscal year 2023. Revenue surged 76% from the prior year, signaling strong growth momentum. Expenses of $324K exceeded revenue, resulting in a 15% operating deficit.

Mission

THE MISSION OF THE ASSOCIATION SHALL BE TO PROVIDE LUMP SUM PENSION BENEFITS TO MEMBERS OF THE HARMONY FIREFIGHTERS' RELIEF ASSOCIATION OR THEIR LAWFUL BENEFICIARIES. AND, TOGETHER WITH OUR LAWFUL GAMBLING FUND, TO CONDUCT ACTIVITIES TO PROVIDE LAWFUL PURPOSE DONATIONS TO THE CITY OF HARMONY AND THE SURROUNDING COMMUNITY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $47,150

Program Service Revenue $0

Investment Income $7,507

Other Revenue $227,719

TOTAL REVENUE $282,376

Expense Breakdown

Grants Paid $88,474

Salaries & Benefits $1,050

Fundraising Expenses $0

Program Expenses $296,756

Other Expenses $152,030

TOTAL EXPENSES $324,054

Year-over-Year Comparison

	2023	2022	Change
Revenue	$282,376	$160,523	+0.8%
Expenses	$324,054	$154,609	+1.1%
Net Income	$-41,678	$5,914	-8.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$1,000

Total Directors

$7,350

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN MAYER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRISTOPHER MOREM	PRESIDENT	2.00	Officer Director	$300	$0	$300
JAMES SKAALEN	TREASURER	2.00	Officer Director	$350	$0	$350
KYLE MCINTIRE	SECRETARY	2.00	Officer Director	$350	$0	$350
RANDY MAYER	TRUSTEE	2.00	Director	$350	$0	$350
ANDREW KINGSLEY	TRUSTEE	2.00	Director	$0	$0	$0
SAMANTHA GRABAU	EX-OFFICIO (CITY CLERK)	1.00	Director	$0	$0	$0
STEVE DONNEY	EX-OFFICIO (CITY COUNCILOR)	1.00	Director	$6,000	$0	$6,000
CRAIG MOREM	EX-OFFICIO (CHIEF OF FIRE	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	No data	No data	No data	No data
2023	$282,376	$324,054	$602,929	$-41,678
2022	$160,523	$154,609	$577,903	$5,914
2021	$144,386	$110,926	$624,808	$33,460
2020	$127,992	$101,626	$542,015	$26,366
2019	$167,025	$175,044	$476,974	$-8,019
2018	$158,660	$136,930	$440,233	$21,730

HARMONY FIREFIGHTERS RELIEF ASSOCIATION