HAWLEY FIREMEN'S RELIEF ASSOCIATION

EIN: 411480154

HAWLEY, MN

Total Revenue
$46,467
Total Expenses
$32,280
Total Assets
$947,951
Net Assets
$945,627
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1938
Legal Domicile
MN
Principal Officer
AARON SCHENCK
Tax Period
2024-01-01 to 2024-12-31

HAWLEY FIREMEN'S RELIEF ASSOCIATION, founded in 1938, is a micro nonprofit that reported $46K in total revenue in fiscal year 2024. Revenue fell 70% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $14K, a strong 31% operating margin.

Mission

PROVIDING RETIREMENT BENEFITS TO VOLUNTEER FIREFIGHTERS, SUPPORTING THE LOCAL VOLUNTEER FIRE DEPARTMENT AND PROVIDING FUNDING FOR CHARITABLE CAUSES.

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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 $70,376
Program Service Revenue $0
Investment Income $5,394
Other Revenue $-29,303
TOTAL REVENUE $46,467

Expense Breakdown

Grants Paid $16,000
Salaries & Benefits $1,198
Fundraising Expenses $0
Program Expenses $32,280
Other Expenses $15,082
TOTAL EXPENSES $32,280

Year-over-Year Comparison

2024 2023 Change
Revenue $46,467 $155,496 -0.7%
Expenses $32,280 $63,990 -0.5%
Net Income $14,187 $91,506 -0.8%
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
6
Independent Members
3
Employees
13
Volunteers
17

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
3
$9,698
Total Directors
6
$9,698
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AARON SCHENCK PRESIDENT 001.00
Officer Director
$8,500 $0 $8,500
SHAWN MCPHERSON SECRETARY 001.00
Officer Director
$599 $0 $599
TODD HANSON TREASURER 001.00
Officer Director
$599 $0 $599
DARREN SCHENCK TRUSTEE 000.50
Director
$0 $0 $0
JEFF CORNELLIUSSEN TRUSTEE 000.50
Director
$0 $0 $0
SHAWN NELSON TRUSTEE 000.50
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 $46,467 $32,280 $947,951 $14,187
2023 $155,496 $63,990 $828,956 $91,506
2022 $-27,926 $129,215 $736,408 $-157,141
2021 $158,315 $8,305 $893,477 $150,010
2020 $37,970 $45,086 $743,814 $-7,116
2019 $134,000 $20,701 $706,368 $113,299
2018 $107,157 $112,533 $529,322 $-5,376
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