FORADA VOLUNTEER FIREMENS RELIEF ASSOCIATION

EIN: 411468749

ALEXANDRIA, MN

Total Revenue
$20,940
Total Expenses
$15,345
Total Assets
$123,780
Net Assets
$123,600
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
MN
Principal Officer
PHILIP ZIMPEL
Phone
2186865856
Tax Period
2025-01-01 to 2025-12-31

FORADA VOLUNTEER FIREMENS RELIEF ASSOCIATION, founded in 1986, is a micro nonprofit that reported $21K in total revenue in fiscal year 2025. Revenue fell 34% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $6K, a strong 27% operating margin.

Mission

TO PROVIDE RETIREMENT BENEFITS FOR ITS VOLUNTEER FIREFIGHTER MEMBERS. THROUGH ITS LAWFUL GAMBLING OPERATION IT PROVIDES FUNDS FOR ASSISTING THE CITY IN PURCHASING FIRE EQUIPMENT, BUILDING MANAGEMENT, AND YOUTH COMMUNITY PROJECTS.

Program Service Accomplishments

Program 1
Expenses: $15,345

TO PROVIDE RETIREMENT BENEFITS TO ITS VOLUNTEER FIREFIGHTER MEMBERS AND COVER THE EXPENSES RELATED TO MAINTAIN THAT FUND AND THE GENERAL FUND.

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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 (2025)

Revenue Breakdown

Contributions & Grants $9,060
Program Service Revenue $0
Investment Income $126
Other Revenue $11,754
TOTAL REVENUE $20,940

Expense Breakdown

Grants Paid $800
Salaries & Benefits $599
Fundraising Expenses $0
Program Expenses $15,345
Other Expenses $13,946
TOTAL EXPENSES $15,345

Year-over-Year Comparison

2025 2024 Change
Revenue $20,940 $31,796 -0.3%
Expenses $15,345 $14,163 +0.1%
Net Income $5,595 $17,633 -0.7%
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

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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
5
Independent Members
5
Employees
1
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
4
$599
Total Directors
5
$599
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHILIP ZIMPEL TREASURER 004.00
Officer Director
$599 $0 $599
TIM ABELL PRESIDENT 004.00
Officer Director
$0 $0 $0
CODY ERICKSON VICE PRESIDENT 001.00
Officer Director
$0 $0 $0
JOSH ANDERSON SECRETARY 004.00
Officer Director
$0 $0 $0
STEPHAN VANLUIK FIRE CHEIF 001.00
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
2025 $20,940 $15,345 $123,780 $5,595
2024 $31,796 $14,163 $118,918 $17,633
2023 $19,883 $25,797 $100,964 $-5,914
2022 $34,379 $18,016 $106,408 $16,363
2021 $17,398 $12,807 $120,040 $4,591
2020 $20,790 $10,841 $85,332 $9,949
2019 $17,959 $11,078 $75,383 $6,881
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