GOODHUE FIREMENS RELIEF ASSOCIATION

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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

1945

Legal Domicile

Phone

6519235577

Tax Period

2024-01-01 to 2024-12-31

GOODHUE FIREMENS RELIEF ASSOCIATION, founded in 1945, is a small nonprofit that reported $290K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $187K, a strong 64% operating margin.

Mission

TO PROVIDE PENSION AND OTHER BENEFITS TO THE MEMBERS OF THE GOODHUE VOLUNTEER FIRE DEPARTMENT.

Program Service Accomplishments

Program 1

Expenses: $102,973

TO PROVIDE PENSION AND OTHER BENEFITS TO THE MEMBERS OF THE GOODHUE VOLUNTEER FIRE DEPARTMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $49,382

Program Service Revenue $205,815

Investment Income $199

Other Revenue $34,427

TOTAL REVENUE $289,823

Expense Breakdown

Grants Paid $67,719

Salaries & Benefits $1,800

Fundraising Expenses $0

Program Expenses $102,973

Other Expenses $33,454

TOTAL EXPENSES $102,973

Year-over-Year Comparison

	2024	2023	Change
Revenue	$289,823	$240,025	+0.2%
Expenses	$102,973	$82,626	+0.2%
Net Income	$186,850	$157,399	+0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DERECK WECKERLING	Trustee	2.00	Director	$0	$0	$0
TREYBON KEHRENS	Trustee	2.00	Director	$0	$0	$0
JEROD THOMFORDE	President	4.00	Officer	$0	$0	$0
TRAVIS THOMFORDE	Vice President	2.00	Officer	$0	$0	$0
DOUG BECK	Treasurer	4.00	Officer	$0	$0	$0
TREVOR MILLER	Secretary	2.00	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
2025	No data	No data	No data	No data
2024	$289,823	$102,973	$1,289,081	$186,850
2023	$240,025	$82,626	$1,102,231	$157,399
2022	$123,993	$420,699	$944,832	$-296,706
2021	$333,822	$208,617	$1,499,648	$125,205
2020	$242,115	$33,425	$1,378,215	$208,690
2019	$257,988	$114,342	$1,168,936	$143,646