HALSTAD FIREMEN'S RELIEF ASSOCIATION (EIN 411600338) - 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

1957

Legal Domicile

Principal Officer

CHAD TICE

Phone

2184562125

Tax Period

2022-01-01 to 2022-12-31

HALSTAD FIREMEN'S RELIEF ASSOCIATION, founded in 1957, is a micro nonprofit that reported $59K in total revenue in fiscal year 2022. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $53K, a strong 90% operating margin.

Mission

PROVIDING RETIREMENT BENEFITS TO VOLUNTEER FIREFIGHTERS, SUPPORTING THE LOCAL VOLUNTEER FIRE DEPARTMENT AND PROVIDING FUNDING FOR CHARITABLE CAUSES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $19,631

Program Service Revenue $0

Investment Income $4,531

Other Revenue $34,673

TOTAL REVENUE $58,835

Expense Breakdown

Grants Paid $8,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,103

Other Expenses $-5,397

TOTAL EXPENSES $6,103

Year-over-Year Comparison

	2022	2021	Change
Revenue	$58,835	$39,939	+0.5%
Expenses	$6,103	$32,676	-0.8%
Net Income	$52,732	$7,263	+6.3%

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

N/A

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
RODNEY OLSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
RICHARD LEISER	SECRETARY	1.00	Officer Director	$0	$0	$0
CHAD TICE	TREASURER	1.00	Officer 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	No data	No data	No data	No data
2022	$58,835	$6,103	$372,717	$52,732
2021	$39,939	$32,676	$319,729	$7,263
2020	$23,464	$2,742	$313,438	$20,722
2019	$34,952	$3,612	$291,432	$31,340
2018	$21,679	$16,402	$260,092	$5,277

HALSTAD FIREMEN'S RELIEF ASSOCIATION