RICHMOND FIREFIGHTER & RELIEF ASSOC (EIN 411497659) - 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

1996

Legal Domicile

Principal Officer

TONY TERWEY

Phone

3205971987

Tax Period

2024-01-01 to 2024-12-31

RICHMOND FIREFIGHTER & RELIEF ASSOC, founded in 1996, is a micro nonprofit in the Public Safety sector that reported $94K in total revenue in fiscal year 2024. Revenue surged 98% from the prior year, signaling strong growth momentum. The organization ran a surplus of $73K, a strong 78% operating margin.

Mission

DEFINED BENEFIT PLAN FOR THE VOLUNTEER FIREFIGHTERS OF RICHMOND, MN AND THE SURROUNDING TOWNSHIPS.

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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 $72,404

Program Service Revenue $0

Investment Income $14,391

Other Revenue $7,161

TOTAL REVENUE $93,956

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,100

Fundraising Expenses $0

Program Expenses $1,100

Other Expenses $19,380

TOTAL EXPENSES $20,480

Year-over-Year Comparison

	2024	2023	Change
Revenue	$93,956	$47,356	+1.0%
Expenses	$20,480	$19,136	+0.1%
Net Income	$73,476	$28,220	+1.6%

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

N/A

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
STACY KALTHOFF	CITY REPRESE	N/A	Director	$0	$0	$0
MARK KREMER	DIRECTOR	N/A	Director	$0	$0	$0
CHUCK MERTEN	DIRECTOR	N/A	Director	$0	$0	$0
DEREK MUELLER	DIRECTOR	N/A	Director	$0	$0	$0
RANDY SCHACKMANN	DIRECTOR	N/A	Director	$0	$0	$0
BRANDON ERICKSON	SECRETARY	N/A	Officer	$0	$0	$0
ANDY GAPINSKI	TREASURER	N/A	Officer	$0	$0	$0
TONY TERWEY	PRESIDENT	N/A	Officer	$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	$93,956	$20,480	$812,758	$73,476
2023	$47,356	$19,136	$739,282	$28,220
2022	$49,729	$51,476	$711,462	$-1,747
2021	$81,593	$27,474	$713,209	$54,119
2020	$68,102	$54,052	$659,090	$14,050
2018	$63,120	$13,878	$591,077	$49,242

RICHMOND FIREFIGHTER & RELIEF ASSOC