BYRON FIREFIGHTERS RELIEF ASSOCIATION

EIN: 411372155

BYRON, MN

Total Revenue
$169,049
Total Expenses
$255,524
Total Assets
$1,178,352
Net Assets
$1,172,677
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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
1980
Legal Domicile
MN
Principal Officer
DAVE HOLLISTER
Phone
5077757018
Tax Period
2024-01-01 to 2024-12-31

BYRON FIREFIGHTERS RELIEF ASSOCIATION, founded in 1980, is a small nonprofit that reported $169K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $256K exceeded revenue, resulting in a 51% operating deficit.

Mission

FIRE PROTECTION AND VOLUNTEER FIREFIGHTER PENSIONS

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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 (2024)

Revenue Breakdown

Contributions & Grants $121,341
Program Service Revenue $0
Investment Income $47,708
Other Revenue $0
TOTAL REVENUE $169,049

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,350
Fundraising Expenses $0
Program Expenses $227,311
Other Expenses $33,027
TOTAL EXPENSES $255,524

Year-over-Year Comparison

2024 2023 Change
Revenue $169,049 $129,226 +0.3%
Expenses $255,524 $33,399 +6.7%
Net Income $-86,475 $95,827 -1.9%
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

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Governance

Voting Members
9
Independent Members
4
Employees
N/A
Volunteers
29

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
6
$1,350
Total Directors
11
$1,350
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE WALTERMAN PRESIDENT 1.00
Officer Director
$0 $75 $75
DAVE HOLLISTER TREASURER 2.50
Officer Director
$0 $75 $75
MATT GRANT EX-OFFICIO (FIRE CHIEF) 1.00
Director
$0 $0 $0
AL RODER EX-OFFICIO (CITY ADMIN) 1.00
Director
$0 $0 $0
SCOTT WILDE SECRETARY 1.00
Officer Director
$0 $500 $500
DARYL GLASSMAKER EX-OFFICIO (MAYOR) 1.00
Director
$0 $0 $0
CHRIS MINTER VICE PRESIDENT 1.00
Officer Director
$0 $500 $500
RYAN KENNEDY TRUSTEE 1.00
Director
$0 $0 $0
IAN MALMQUIST TRUSTEE 1.00
Director
$0 $0 $0
JOHN BENDIX RETIRED VICE PRESIDENT 1.00
Officer Director
$0 $100 $100
JOE HOWE RETIRED PRESIDENT 1.00
Officer Director
$0 $100 $100
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 $169,049 $255,524 $1,178,352 $-86,475
2023 $129,226 $33,399 $1,171,444 $95,827
2022 $133,820 $91,285 $937,987 $42,535
2021 $152,048 $75,794 $1,085,169 $76,254
2020 $115,636 $23,341 $921,334 $92,295
2019 $112,794 $24,330 $763,103 $88,464
2018 $118,905 $80,307 $588,465 $38,598
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