MENTOR FIREFIGHTERS RELIEF ASSOCIATION

EIN: 411652052 Health Care

MENTOR, MN

Total Revenue
$62,160
Total Expenses
$48,261
Total Assets
$293,394
Net Assets
$293,394
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
MN
Principal Officer
NICK AAKHUS
Phone
2186372243
Tax Period
2023-01-01 to 2023-12-31

MENTOR FIREFIGHTERS RELIEF ASSOCIATION, founded in 1982, is a micro nonprofit in the Health Care sector that reported $62K in total revenue in fiscal year 2023. Revenue surged 460% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14K, a strong 22% operating margin.

Mission

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

Program Service Accomplishments

Program 1

STATE FIRE AID IS INVESTED TO PROVIDE BENEFITS FOR RETIRING FIRE FIGHTERS.

Program 2
Expenses: $35,908

CHARITABLE GAMBLING CONDUCT GENERATED $77,448 IN GRANTS PAID OUT TO THE LOCAL VOLUNTEER FIRE DEPARTMENT, SCHOOLS, AND OTHER CHARITABLE CAUSES. THESE DOLLARS ARE A "DIRECT GAMING EXPENSE" ON PART VIII...

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CHARITABLE GAMBLING CONDUCT GENERATED $77,448 IN GRANTS PAID OUT TO THE LOCAL VOLUNTEER FIRE DEPARTMENT, SCHOOLS, AND OTHER CHARITABLE CAUSES. THESE DOLLARS ARE A "DIRECT GAMING EXPENSE" ON PART VIII LINE 9B, AND THUS DO NOT AFFECT PART IX'S COL B TOTAL, ALTHOUGH THAT AMOUNT IS REFLECTED THERE IN LINE 1 AND ON SCHEDULE I.

Program 3
Expenses: $8,678

EDUCATIONAL AND SOCIAL EVENTS FOR 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 $12,821
Program Service Revenue $0
Investment Income $24,697
Other Revenue $24,642
TOTAL REVENUE $62,160

Expense Breakdown

Grants Paid $113,356
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $44,586
Other Expenses $-65,095
TOTAL EXPENSES $48,261

Year-over-Year Comparison

2023 2022 Change
Revenue $62,160 $11,107 +4.6%
Expenses $48,261 $10,862 +3.4%
Net Income $13,899 $245 +55.7%
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

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Governance

Voting Members
7
Independent Members
7
Employees
8
Volunteers
24

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
5
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIELLE FINSETH SECRETARY 1.00
Officer Director
$0 $0 $0
JAY ANDERSON FIRE CHIEF 1.00
Officer Director
$0 $0 $0
JIM SHAVER VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
MATT ANDERSON TRUSTEE 1.00
Director
$0 $0 $0
NICK AAKHUS PRESIDENT 1.00
Officer Director
$0 $0 $0
TOM MCGLYNN TREASURER 1.00
Officer Director
$0 $0 $0
TYLER CHRISTIANSON 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 $62,160 $48,261 $293,394 $13,899
2022 $11,107 $10,862 $279,495 $245
2021 $72,312 $24,124 $279,250 $48,188
2020 $45,409 $15,378 $231,062 $30,031
2019 $50,040 $25,506 $202,031 $24,534
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