GAYLORD FIRE DEPARTMENT RELIEF ASSOCIATION (EIN 411647336) - 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

1908

Legal Domicile

Principal Officer

PAUL SCHMIDT

Phone

5073813180

Tax Period

2024-01-01 to 2024-12-31

GAYLORD FIRE DEPARTMENT RELIEF ASSOCIATION, founded in 1908, is a micro nonprofit in the Public Safety sector that reported $10K in total revenue in fiscal year 2024. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $45K exceeded revenue, resulting in a 366% operating deficit.

Mission

TO PROVIDE RETIREMENT BENEFITS TO 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $900

Program Service Revenue $0

Investment Income $3,229

Other Revenue $5,599

TOTAL REVENUE $9,728

Expense Breakdown

Grants Paid $132,213

Salaries & Benefits $4,200

Fundraising Expenses $0

Program Expenses $40,945

Other Expenses $-91,045

TOTAL EXPENSES $45,368

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,728	$26,039	-0.6%
Expenses	$45,368	$5,720	+6.9%
Net Income	$-35,640	$20,319	-2.8%

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

$4,200

Total Directors

$4,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL SCHMIDT	PRESIDENT	2.00	Officer Director	$1,400	$0	$1,400
NATE UECKER	SECRETARY	2.00	Officer Director	$1,400	$0	$1,400
DEREK HAHN	TREASURER	2.00	Officer Director	$1,400	$0	$1,400

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	$9,728	$45,368	$114,695	$-35,640
2023	$26,039	$5,720	$154,246	$20,319
2022	$31,929	$35,330	$131,358	$-3,401
2021	$130,008	$102,607	$821,039	$27,401
2020	$94,988	$52,163	$793,557	$42,825
2019	$119,215	$62,439	$751,284	$56,776
2018	$32,136	$41,685	$692,354	$-9,549

GAYLORD FIRE DEPARTMENT RELIEF ASSOCIATION