MENTOR FIREFIGHTERS RELIEF ASSOCIATION (EIN 411652052) - 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

1982

Legal Domicile

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.

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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 $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

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

Total Directors

Key Employees

Highest Compensated

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

MENTOR FIREFIGHTERS RELIEF ASSOCIATION