FORESTON FIRE DEPT RELIEF ASSN

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1917

Legal Domicile

Principal Officer

ANTHONY MICKELSON

Phone

3202232904

Tax Period

2024-01-01 to 2024-12-31

FORESTON FIRE DEPT RELIEF ASSN, founded in 1917, is a micro nonprofit that reported $60K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $48K, a strong 80% operating margin.

Mission

ADMINISTRATION OF A PENSION FUND FOR VOLUNTEER MEMBERS OF FORESTON MN FIRE DEPARTMENT.

Program Service Accomplishments

Program 1

Expenses: $6,214

ADMINISTRATION OF PENSION FUNDS FOR VOLUNTEER MEMBERS OF FORESTON MN FIRE DEPARTMENT.

Program 2

Expenses: $1,619

FOSTER MEMBER ACTIVITIES WITH MEETINGS, TRAINING, SUPPLIES AND MISCELLANEOUS EXPENSES FOR ACTIVE FIREFIGHTERS IN SERVICE TO THE FORESTON MN FIRE DEPT.

Program 3

RAISED FUNDS IN SUPPORT OF LOCAL GOVERNMENT ENTITIES, SCHOOLS, CHARITIES AND COMMUNITY ACTIVITIES BY SELLING PULLTABS UNDER STATE OF MINNESOTA LICENSES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $17,158

Program Service Revenue $0

Investment Income $28,580

Other Revenue $14,014

TOTAL REVENUE $59,752

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,833

Other Expenses $12,163

TOTAL EXPENSES $12,163

Year-over-Year Comparison

	2024	2023	Change
Revenue	$59,752	$44,582	+0.3%
Expenses	$12,163	$8,324	+0.5%
Net Income	$47,589	$36,258	+0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
GREG RANSOM	FIRE CHIEF	1.00	Director	$0	$0	$0
ANTHONY MICKELSON	CEO	1.00	Officer Director	$0	$0	$0
THOMAS LONGFIELD	SECRETARY	1.00	Officer Director	$0	$0	$0
REBECCA HAUGEN	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT PALMQUIST	TRUSTEE	1.00	Director	$0	$0	$0
ISRAEL POWEL	TRUSTEE	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	$59,752	$12,163	$714,930	$47,589
2023	$44,582	$8,324	$605,944	$36,258
2022	$20,871	$12,510	$504,824	$8,361
2021	$110,806	$9,341	$602,339	$101,465
2020	$88,072	$27,970	$501,291	$60,102
2019	$92,274	$7,995	$436,772	$84,279
2018	$11,747	$6,185	$354,670	$5,562