Andover, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Andover Firefighters Relief Association, founded in 1984, is a small nonprofit that reported $359K in total revenue in fiscal year 2023. Expenses of $347K left a modest 3% surplus.
To manage the Relief Assocation's pension and benefits, to advance fire prevention and education, to support camaraderie among firefighters, their families and the community, and to provide relief to those in need.
Retirement, disability, and funeral benefits paid to association members. The Organization has 48 active firefighters, 34 retired members, and 14 inactive members. Distributions were made to 2...
Retirement, disability, and funeral benefits paid to association members. The Organization has 48 active firefighters, 34 retired members, and 14 inactive members. Distributions were made to 2 firefighters.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $359,145 | $353,190 | +0.0% |
| Expenses | $346,804 | $207,242 | +0.7% |
| Net Income | $12,341 | $145,948 | -0.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Eric Nierengarten | Treasurer | 1.00 |
Officer
Director
|
$1,600 | $0 | $1,600 |
| BJ McElrath | Secretary | 1.00 |
Officer
Director
|
$1,000 | $0 | $1,000 |
| William Shutte | President | 1.00 |
Officer
Director
|
$271 | $0 | $271 |
| Kurt DeRung | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Tom Flermoen | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Lee Brezinka | City Finance Manager/Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Jamie Barthel | City Council Member/Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Dennis Jones | Fire Chief/Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Lindsey Wilson | Vice President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $359,145 | $346,804 | $3,915,670 | $12,341 |
| 2022 | $353,190 | $207,242 | $3,634,859 | $145,948 |
| 2021 | $315,386 | $1,038,483 | $4,006,740 | $-723,097 |
| 2020 | $378,072 | $539,739 | $4,413,881 | $-161,667 |
| 2019 | $295,396 | $406,760 | $4,330,982 | $-111,364 |
| 2018 | $358,819 | $340,267 | $3,892,889 | $18,552 |
Compare Andover Firefighters Relief Association with other nonprofits in Minnesota and across the country.