Balsam Volunteer Fire Dept Relief Association (EIN 411423587) - 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

1980

Legal Domicile

Principal Officer

Justin Beckner

Phone

2182452099

Tax Period

2024-01-01 to 2024-12-31

Balsam Volunteer Fire Dept Relief Association, founded in 1980, is a micro nonprofit that reported $63K in total revenue in fiscal year 2024. The organization ran a surplus of $52K, a strong 82% operating margin.

Mission

Relief Association associated with the Balsam 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 $34,714

Program Service Revenue $0

Investment Income $376

Other Revenue $27,517

TOTAL REVENUE $62,607

Expense Breakdown

Grants Paid $0

Salaries & Benefits $750

Fundraising Expenses $0

Program Expenses $9,397

Other Expenses $10,346

TOTAL EXPENSES $11,096

Year-over-Year Comparison

	2024	2023	Change
Revenue	$62,607	$59,998	+0.0%
Expenses	$11,096	$18,117	-0.4%
Net Income	$51,511	$41,881	+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
John Card	President	1.00	Officer Director	$0	$0	$0
Bob Burbie	Vice President	1.00	Officer Director	$0	$0	$0
Shannon Fremling	Secretary	1.00	Officer Director	$0	$0	$0
Justin Beckner	Treasurer	1.00	Officer Director	$0	$0	$0
Ryan Ackerman	Trustee	1.00	Director	$0	$0	$0
Rebecca Olson	Clerk/Trustee	1.00	Director	$0	$0	$0
Paul Saville	Trustee	1.00	Director	$0	$0	$0
Robyn Heinle	Trustee	1.00	Director	$0	$0	$0
Jarred Bergren	President Township	1.00	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	$62,607	$11,096	$1,340,428	$51,511
2023	$59,998	$18,117	$1,111,873	$41,881
2022	$57,095	$16,414	$907,459	$40,681
2021	$195,308	$11,279	$1,022,639	$184,029
2020	$174,642	$5,334	$838,320	$169,308
2019	$167,723	$6,760	$669,012	$160,963
2018	$33,072	$43,211	$508,049	$-10,139

Balsam Volunteer Fire Dept Relief Association