Hayward Fire Department Relief Assn

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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

1948

Legal Domicile

Principal Officer

Luke Nielsen

Tax Period

2024-01-01 to 2024-12-31

Hayward Fire Department Relief Assn, founded in 1948, is a micro nonprofit that reported $59K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $15K, a strong 25% operating margin.

Mission

The special fund provides retirement benefits for volunteer firefighters. The general fund provides fire equipment,training and society events for the firefighters

Program Service Accomplishments

Program 1

Expenses: $44,005

Training and meetings for the firefighters, retirement benefits paid to retired firefighters, purchase equipment for the volunteer 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 $27,179

Program Service Revenue $16,412

Investment Income $50

Other Revenue $15,082

TOTAL REVENUE $58,723

Expense Breakdown

Grants Paid $80,133

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $44,005

Other Expenses $-36,128

TOTAL EXPENSES $44,005

Year-over-Year Comparison

	2024	2023	Change
Revenue	$58,723	$70,213	-0.2%
Expenses	$44,005	$67,789	-0.4%
Net Income	$14,718	$2,424	+5.1%

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

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
Luke Solomonson	Secretary	1.00	Director	$0	$0	$0
Scott Eilertson	Trustee	1.00	Director	$0	$0	$0
Tracy Skaar	Trustee	1.00	Director	$0	$0	$0
Anthony Cox	Mayorex-officio	1.00	Director	$0	$0	$0
Derek Lerum	City Appointee ex-officio	1.00	Director	$0	$0	$0
Darwin Dolph	City Appointee ex-officio	1.00	Director	$0	$0	$0
Eric Knutson	Fire Chief ex-officio	1.00	Director	$0	$0	$0
Luke Nielsen	President	1.00	Officer Director	$0	$0	$0
Troy Habana	VP	1.00	Officer Director	$0	$0	$0
Matt Habana	Treasurer	1.00	Officer 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	$58,723	$44,005	$941,035	$14,718
2023	$70,213	$67,789	$851,028	$2,424
2022	$54,363	$30,482	$783,259	$23,881
2021	$124,093	$77,742	$783,341	$46,351
2020	$55,574	$93,104	$698,460	$-37,530
2019	$47,698	$38,004	$684,916	$9,694
2018	$35,936	$37,545	$602,277	$-1,609