RANDALL FIREMAN'S RELIEF ASSOCIATION

EIN: 411552656 Public Safety

RANDALL, MN

Total Revenue
$66,400
Total Expenses
$36,231
Total Assets
$615,149
Net Assets
$614,724
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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
1962
Legal Domicile
MN
Principal Officer
WADE SANDBAKKEN
Phone
3206303182
Tax Period
2024-01-01 to 2024-12-31

RANDALL FIREMAN'S RELIEF ASSOCIATION, founded in 1962, is a micro nonprofit in the Public Safety sector that reported $66K in total revenue in fiscal year 2024. Revenue surged 177% from the prior year, signaling strong growth momentum. The organization ran a surplus of $30K, a strong 45% operating margin.

Mission

ACCOUNT FOR THE ASSETS OF THE FIRE RELIEF PENSION FUND WHO PROVIDES RETIREMENT, DISABILITY AND/OR DEATH BENEFITS TO PARTICIPATING INDIVIDUALS WHO ARE MEMBERS OF THE RANDALL FIRE DEPARTMENT. ALSO OFFER FUNDRAISING EVENTS TO RAISE MONEY FOR THE PURCHASE OF FIRE FIGHTING EQUIPMENT.

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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 $27,133
Program Service Revenue $0
Investment Income $28,872
Other Revenue $10,395
TOTAL REVENUE $66,400

Expense Breakdown

Grants Paid $10,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $26,156
Other Expenses $19,631
TOTAL EXPENSES $36,231

Year-over-Year Comparison

2024 2023 Change
Revenue $66,400 $23,991 +1.8%
Expenses $36,231 $18,418 +1.0%
Net Income $30,169 $5,573 +4.4%
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
8
Independent Members
8
Employees
N/A
Volunteers
24

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
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF WRIGHT PRESIDENT 0.50
Officer Director
$0 $0 $0
WILLIAM NUTZ VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
WADE SANDBAKKEN TREASURER 0.50
Officer Director
$0 $0 $0
JOE STRACK SECRETARY 0.50
Officer Director
$0 $0 $0
CHRIS MAGEE TRUSTEE 0.50
Director
$0 $0 $0
MATT PANTZKE EX-OFFICIO (CITY CLERK) 0.50
Director
$0 $0 $0
DAN NOSS EX-OFFICIO (MAYOR) 0.50
Director
$0 $0 $0
SCOTT HUGHSON EX-OFFICIO (FIRE CHIEF) 0.50
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 $66,400 $36,231 $615,149 $30,169
2023 $23,991 $18,418 $550,745 $5,573
2022 $53,471 $56,445 $480,294 $-2,974
2021 $120,328 $80,179 $543,698 $40,149
2020 $21,721 $8,658 $523,763 $13,063
2019 $69,696 $67,642 $485,606 $2,054
2018 $35,961 $7,947 $447,284 $28,014
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