MEDICINE LAKE FIREFIGHTERS' RELIEF ASSOC (EIN 411566333) - Form 990 Financial Analysis & Trantor Score

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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

1986

Legal Domicile

Principal Officer

BRYAN FARRENS

Phone

6513539861

Tax Period

2023-01-01 to 2023-12-31

MEDICINE LAKE FIREFIGHTERS' RELIEF ASSOC, founded in 1986, is a micro nonprofit that reported $35K in total revenue in fiscal year 2023. Expenses of $288K exceeded revenue, resulting in a 715% operating deficit.

Mission

THE ASSOCIATION IS A GOVERNMENTAL ENTITY THAT RECEIVES AND MANAGES PUBLIC MONEY TO PROVIDE RETIREMENT BENEFITS FOR INDIVIDUALS PROVIDING THE GOVERNMENTAL SERVICES OF FIREFIGHTING.

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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 $34,719

Program Service Revenue $0

Investment Income $71

Other Revenue $565

TOTAL REVENUE $35,355

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $280,268

Other Expenses $8,150

TOTAL EXPENSES $288,028

Year-over-Year Comparison

	2023	2022	Change
Revenue	$35,355	$33,996	+0.0%
Expenses	$288,028	$334,523	-0.1%
Net Income	$-252,673	$-300,527	-0.2%

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

N/A

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
BRYAN FARRENS	PRESIDENT	0.50	Officer Director	$0	$0	$0
JOEL BENOLKIN	VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
MIKE FOX	TREASURER	1.00	Officer Director	$0	$0	$0
PAUL LENTZ	SECRETARY	0.50	Officer Director	$0	$0	$0
TOM MELANDER	TRUSTEE	0.10	Director	$0	$0	$0
DAN SCHLETTY	TRUSTEE	0.10	Director	$0	$0	$0
CHRIS HEIM	MAYOR (EX-OFFICIO)	0.10	Director	$0	$0	$0
THERESE POLUM	CITY CLERK (EX-OFFICIO)	0.10	Director	$0	$0	$0
RICHARD HALVORSEN	FIRE CHIEF (EX-OFFICIO)	0.10	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	$35,355	$288,028	$1,100,973	$-252,673
2022	$33,996	$334,523	$1,155,491	$-300,527
2021	$33,175	$210,690	$1,702,423	$-177,515
2020	$31,782	$5,494	$1,623,696	$26,288
2019	$65,954	$72,696	$1,374,257	$-6,742
2018	$31,474	$5,054	$1,143,424	$26,420

MEDICINE LAKE FIREFIGHTERS' RELIEF ASSOC