BLACKDUCK VOLUNTEER FIREMAN'S RELIEF ASSOCIATION (EIN 411394374) - 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

1903

Legal Domicile

Principal Officer

JACOB LIEN

Phone

2182390166

Tax Period

2023-01-01 to 2023-12-31

BLACKDUCK VOLUNTEER FIREMAN'S RELIEF ASSOCIATION, founded in 1903, is a micro nonprofit in the Mutual Benefit sector that reported $81K in total revenue in fiscal year 2023. Revenue surged 311% from the prior year, signaling strong growth momentum. The organization ran a surplus of $73K, a strong 90% operating margin.

Mission

PROVIDE BENEFITS FOR THE VOLUNTEER MEMBERS OF THE BLACKDUCK, MN FIRE DEPARTMENT TO RETAIN MEMBERSHIP. THE BENEFITS PROVIDED REDUCE THE BURDEN OF FIRE FIGHTING COSTS ON THE CITY OF BLACKDUCK.

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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 $26,568

Program Service Revenue $110

Investment Income $1,494

Other Revenue $53,175

TOTAL REVENUE $81,347

Expense Breakdown

Grants Paid $0

Salaries & Benefits $449

Fundraising Expenses $0

Program Expenses $3,251

Other Expenses $7,756

TOTAL EXPENSES $8,205

Year-over-Year Comparison

	2023	2022	Change
Revenue	$81,347	$19,806	+3.1%
Expenses	$8,205	$51,153	-0.8%
Net Income	$73,142	$-31,347	-3.3%

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

$449

Total Directors

$449

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY FRENZEL	PRESIDENT	5.00	Officer Director	$449	$0	$449
FLETCHER CAUCHON	TRUSTEE	2.00	Director	$0	$0	$0
JACOB LIEN	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
NATE LIEN	SECRETARY	2.00	Officer Director	$0	$0	$0
FESTUS ROCKENSOCK	TRUSTEE	2.00	Director	$0	$0	$0
JONATHON ROSS	TREASURER	2.00	Officer 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	$81,347	$8,205	$644,849	$73,142
2022	$19,806	$51,153	$553,551	$-31,347
2021	$39,183	$16,936	$598,574	$22,247
2020	$31,394	$26,513	$565,836	$4,881
2019	$58,513	$15,293	$501,777	$43,220
2018	$65,092	$11,083	$406,547	$54,009
2017	$-4,782	$10,548	$26,638	$-15,330

BLACKDUCK VOLUNTEER FIREMAN'S RELIEF ASSOCIATION