GARRISON FIRE DEPARTMENT RELIEF ASS

EIN: 411557897

GARRISON, MN

Total Revenue
$111,255
Total Expenses
$166,945
Total Assets
$1,047,634
Net Assets
$1,047,340
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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
MN
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.

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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 (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

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Governance

Voting Members
6
Independent Members
1
Employees
12
Volunteers
18

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
$21,050
Total Directors
6
$32,870
Key Employees
0
$0
Highest Compensated
0
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
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