PALISADE FIRE DEPARTMENT RELIEF AS… - Form 990 Financial Data

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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

Principal Officer

CLINT DEMENGE

Phone

2188452051

Tax Period

2023-01-01 to 2023-12-31

PALISADE FIRE DEPARTMENT RELIEF ASSOCIATION is a micro nonprofit in the Public Safety sector that reported $30K in total revenue in fiscal year 2023. Revenue fell 66% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $30K, a strong 99% operating margin.

Mission

TO PROVIDE PENSION, DEATH, AND DISABILITY BENEFITS TO MEMBERS OF THE ASSOCIATION.

Program Service Accomplishments

Program 1

PROVIDE RETIREMENT, DEATH,AND DISABILITY BENEFITS TO MEMBERS AND FAMILIES. FUNDS ARE MAINTAINED AND MANAGED BY PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF MINNESOTA.

Program 2

Expenses: $200

FOSTER MEMBER EDUCATION AND ACTIVITIES WITH MEETINGS, TRAINING, SUPPLIES AND MISCELLANEOUS EXPENSES FOR ACTIVE FIREFIGHTERS IN SERVICE TO THE PALISADE FIRE DEPT.

Program 3

RAISED FUNDS IN SUPPORT OF LOCAL GOVERNMENT ENTITIES, SCHOOL, CHARITIES, LOCAL COMMUNITY ACTIVITIES, SCHOLARSHIPS, AND NEEDY INDIVIDUALS BY SELLING PULLTABS UNDER STATE OF MINNESOTA LICENSE AT TWO...

RAISED FUNDS IN SUPPORT OF LOCAL GOVERNMENT ENTITIES, SCHOOL, CHARITIES, LOCAL COMMUNITY ACTIVITIES, SCHOLARSHIPS, AND NEEDY INDIVIDUALS BY SELLING PULLTABS UNDER STATE OF MINNESOTA LICENSE AT TWO LICENSED SITES. RESULTS FROM THIS OPERATION ARE REPORTED ON PART VIII LINE 9 AND PART IX LINES 1-5. (DOUBLE REPORTING OF GRANTS IS REVERSED BY PART IX LINE 24 ENTRY.)

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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 $930

Program Service Revenue $0

Investment Income $0

Other Revenue $29,203

TOTAL REVENUE $30,133

Expense Breakdown

Grants Paid $200

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $200

Other Expenses $25

TOTAL EXPENSES $225

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,133	$88,843	-0.7%
Expenses	$225	$14,535	-1.0%
Net Income	$29,908	$74,308	-0.6%

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
CLINT DEMENGE	PRESIDENT	1.00	Officer Director	$0	$0	$0
CURT CARLSON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JIM HICKS	TREASURER	1.00	Officer Director	$0	$0	$0
BOB KIEHM	SECRETARY	1.00	Officer Director	$0	$0	$0
ERIC HOWELL	TRUSTEE	1.00	Director	$0	$0	$0
KENT OLESEN	TRUSTEE	1.00	Director	$0	$0	$0
JERE GRUHLKE	GAMBLING CEO	1.00	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
2024	No data	No data	No data	No data
2023	$30,133	$225	$195,790	$29,908
2022	$88,843	$14,535	$163,189	$74,308
2021	$29,071	$12,454	$82,680	$16,617
2020	$9,922	$11,782	$61,215	$-1,860
2019	$-14,553	$1,701	$69,026	$-16,254
2018	$8,027	$3,851	$86,668	$4,176

PALISADE FIRE DEPARTMENT RELIEF ASSOCIATION