SOUTH HAVEN FIREMENS RELIEF ASSOCIATION

EIN: 411314091 Public Safety

SOUTH HAVEN, MN

Total Revenue
$550,888
Total Expenses
$344,794
Total Assets
$1,068,225
Net Assets
$1,061,478
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
MN
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.

Program Service Accomplishments

Program 1
Expenses: $89,457

PROVIDE RETIREMENT, DEPENDENCY, DISABILITY AND MEDICAL BENEFITS TO RELIEF ASSOCIATION MEMBERS WHICH ARE THE EXCLUSIVE BENEFITS PROVIDED TO THOSE FIREFIGHTERS.

Program 2
Expenses: $207,637

PROVIDE DONATIONS TO THE TOWNSHIP, CITY AND COMMUNITY ORGANIZATIONS THROUGH FUNDS FROM LAWFUL GAMBLING 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 (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

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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
9
Independent Members
9
Employees
5
Volunteers
27

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
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
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
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