SOUTH HAVEN FIREMENS RELIEF ASSOCIATION (EIN 411314091) - 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

1970

Legal Domicile

Principal Officer

KENNETH LANEY

Phone

3203395044

Tax Period

2023-01-01 to 2023-12-31

SOUTH HAVEN FIREMENS RELIEF ASSOCIATION, founded in 1970, is a small nonprofit in the Public Safety sector that reported $551K in total revenue in fiscal year 2023. Revenue surged 79% from the prior year, signaling strong growth momentum. The organization ran a surplus of $206K, a strong 37% operating margin.

Mission

TO PROVIDE BENEFITS FOR FIREFIGHTERS.

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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 $103,225

Program Service Revenue $0

Investment Income $183,168

Other Revenue $264,495

TOTAL REVENUE $550,888

Expense Breakdown

Grants Paid $207,637

Salaries & Benefits $34,050

Fundraising Expenses $34,050

Program Expenses $297,094

Other Expenses $44,407

TOTAL EXPENSES $344,794

Year-over-Year Comparison

	2023	2022	Change
Revenue	$550,888	$308,437	+0.8%
Expenses	$344,794	$488,079	-0.3%
Net Income	$206,094	$-179,642	-2.1%

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

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
CHRIS OLSON	PRESIDENT	0.50	Officer Director	$0	$0	$0
DEREK PATNODE	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
KENNETH LANEY	TREASURER	0.50	Officer Director	$0	$0	$0
RYAN OLSON	SECRETARY	0.50	Officer Director	$0	$0	$0
NATHAN BAYERL	TRUSTEE	0.50	Director	$0	$0	$0
CHAD CARLSON	TRUSTEE	0.50	Director	$0	$0	$0
NORM BADACKER	MAYOR (EX-OFFICIO)	0.50	Director	$0	$0	$0
MELISSA STENSON	CITY CLERK (EX-OFFICIO)	0.50	Director	$0	$0	$0
NICK MOEHRLE	TRUSTEE (EX-OFFICIO)	0.50	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	$550,888	$344,794	$1,068,225	$206,094
2022	$308,437	$488,079	$938,945	$-179,642
2021	$412,535	$289,760	$1,265,874	$122,775
2020	$205,907	$101,521	$1,044,446	$104,386
2019	$244,511	$145,813	$894,676	$98,698
2018	$230,205	$158,308	$702,550	$71,897

SOUTH HAVEN FIREMENS RELIEF ASSOCIATION