GARRISON FIRE DEPARTMENT RELIEF ASS

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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

1950

Legal Domicile

Principal Officer

LOGAN ANDERSON

Phone

2182409881

Tax Period

2023-01-01 to 2023-12-31

GARRISON FIRE DEPARTMENT RELIEF ASS, founded in 1950, is a small nonprofit that reported $111K in total revenue in fiscal year 2023. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $167K exceeded revenue, resulting in a 50% operating deficit.

Mission

TO PROVIDE PENSION, DISABILITY, AND DEATH BENEFITS TO MEMBER VOLUNTEER FIREFIGHTERS.

Program Service Accomplishments

Program 1

Expenses: $158,226

MAINTAIN AND MANAGE INVESTED FUNDS TO PROVIDE RETIREMENT, DISABILITY, OR DEATH BENEFITS TO MEMBERS OR THEIR FAMILIES. RAISED FUNDS TO SUPPORT LOCAL GOVERNMENT ENTITIES, CHARITIES, AND COMMUNITY...

MAINTAIN AND MANAGE INVESTED FUNDS TO PROVIDE RETIREMENT, DISABILITY, OR DEATH BENEFITS TO MEMBERS OR THEIR FAMILIES. RAISED FUNDS TO SUPPORT LOCAL GOVERNMENT ENTITIES, CHARITIES, AND COMMUNITY ACTIVITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $68,302

Program Service Revenue $0

Investment Income $36,356

Other Revenue $6,597

TOTAL REVENUE $111,255

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,858

Fundraising Expenses $0

Program Expenses $158,226

Other Expenses $17,087

TOTAL EXPENSES $166,945

Year-over-Year Comparison

	2023	2022	Change
Revenue	$111,255	$263,574	-0.6%
Expenses	$166,945	$238,305	-0.3%
Net Income	$-55,690	$25,269	-3.2%

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

$21,050

Total Directors

$32,870

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEN ELLERAAS	PRESIDENT	1.00	Officer Director	$2,500	$0	$2,500
LOU ASPINWALL	VICE PRESIDE	1.00	Officer Director	$9,568	$0	$9,568
CORRI ERICKSON	SECRETARY	2.00	Officer Director	$5,992	$0	$5,992
LOGAN ANDERSON	TREASURER	2.00	Officer Director	$2,990	$0	$2,990
MATT BEIVER	TRUSTEE	1.00	Director	$11,820	$0	$11,820
LUCAS SAHR	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	No data	No data	No data	No data
2023	$111,255	$166,945	$1,047,634	$-55,690
2022	$263,574	$238,305	$1,036,837	$25,269
2021	$308,234	$200,115	$1,190,187	$108,119
2020	$135,601	$105,780	$1,043,837	$29,821
2019	$165,928	$17,907	$978,484	$148,021
2018	$113,933	$50,558	$738,606	$63,375