FIREMENS RELIEF ASS'N OF MINNESOTA… - Form 990 Financial Data

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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

1949

Legal Domicile

Principal Officer

JEFF ABELE

Phone

2184982157

Tax Period

2023-01-01 to 2023-12-31

FIREMENS RELIEF ASS'N OF MINNESOTA GLYNDON FIREFIGHTERS RELIEF ASSN, founded in 1949, is a micro nonprofit in the Public Safety sector that reported $44K in total revenue in fiscal year 2023. Expenses of $72K exceeded revenue, resulting in a 65% operating deficit.

Mission

TO PROVIDE RETIREMENT AND DISABILITY BENEFITS TO RETIRED FIREFIGHTERS AND LEND SUPPORT TO THE GLYNDON VOLUNTEER FIREFIGHTERS AND THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $61,949

PROVIDE RETIREMENT AND DISABILITY BENEFITS TO RETIRED FIREFIGHTERS.

Program 2

Expenses: $4,112

LEND SUPPORT TO THE GLYNDON FIREFIGHTERS AND THE COMMUNITY.

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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 $26,665

Program Service Revenue $0

Investment Income $16,898

Other Revenue $0

TOTAL REVENUE $43,563

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $66,061

Other Expenses $16,878

TOTAL EXPENSES $71,878

Year-over-Year Comparison

	2023	2022	Change
Revenue	$43,563	$42,492	+0.0%
Expenses	$71,878	$25,525	+1.8%
Net Income	$-28,315	$16,967	-2.7%

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
JEFF ABELE	PRESIDENT	1.00	Officer Director	$0	$0	$0
JUSTIN DERNIER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
RYAN LETNESS	SECRETARY	1.00	Officer Director	$0	$0	$0
BROCK FRANKE	TREASURER	1.00	Officer Director	$0	$0	$0
DILLON SIMMONS	TRUSTEE	1.00	Director	$0	$0	$0
MIKE BROWN	TRUSTEE	1.00	Director	$0	$0	$0
PATRICK MCCOY	EX-OFFICIO D	1.00	Director	$0	$0	$0
WENDY AFFIELD	EX-OFFICIO D	1.00	Director	$0	$0	$0
ROBERT CUCHNA	EX-OFFICIO D	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$43,563	$71,878	$757,647	$-28,315
2022	$42,492	$25,525	$712,083	$16,967
2021	$47,281	$21,009	$833,879	$26,272
2020	$36,532	$10,212	$742,721	$26,320
2019	$46,973	$16,827	$668,822	$30,146
2018	$46,538	$32,977	$549,792	$13,561

FIREMENS RELIEF ASS'N OF MINNESOTA GLYNDON FIREFIGHTERS RELIEF ASSN