HECTOR VOLUNTEER FIRE DEPARTMENT RELIEF ASSOCIATION

EIN: 411683436 501(c)(3) Philanthropy & Grantmaking

HECTOR, MN

Total Revenue
$126,161
Total Expenses
$119,882
Total Assets
$1,452,371
Net Assets
$1,452,256
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1951
Legal Domicile
MN
Principal Officer
DOUG BEST
Phone
3208486676
Tax Period
2023-01-01 to 2023-12-31

HECTOR VOLUNTEER FIRE DEPARTMENT RELIEF ASSOCIATION, founded in 1951, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $126K in total revenue in fiscal year 2023. Revenue surged 114% from the prior year, signaling strong growth momentum. Expenses of $120K left a modest 5% surplus.

Mission

TO PROVIDE SERVICE PENSIONS TO VOLUNTEER FIREMEN.

Program Service Accomplishments

Program 1
Expenses: $42,001 Revenue: $17,833

THE ORGANIZATION RECEIVES FUNDING FOR THE PENSION FUND FROM THE STATE OF MINNESOTA AND THE CITY OF HECTOR. WHEN REQUESTED AND REQUIREMENTS ARE MET, THE ORGANIZATION PAYS PENSIONS TO RETIRED VOLUNTEER...

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THE ORGANIZATION RECEIVES FUNDING FOR THE PENSION FUND FROM THE STATE OF MINNESOTA AND THE CITY OF HECTOR. WHEN REQUESTED AND REQUIREMENTS ARE MET, THE ORGANIZATION PAYS PENSIONS TO RETIRED VOLUNTEER FIREMEN.

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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 $35,088
Program Service Revenue $17,833
Investment Income $0
Other Revenue $73,240
TOTAL REVENUE $126,161

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,900
Fundraising Expenses $76,813
Program Expenses $42,001
Other Expenses $85,036
TOTAL EXPENSES $119,882

Year-over-Year Comparison

2023 2022 Change
Revenue $126,161 $58,983 +1.1%
Expenses $119,882 $19,644 +5.1%
Net Income $6,279 $39,339 -0.8%
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

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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
9
Independent Members
3
Employees
3
Volunteers
30

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
$0
Total Directors
8
$3,900
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVE WILKINSON CEO/TRUSTEE 5.00
Director
$2,000 $0 $2,000
ANDREW WEGSCHEID GAMBLING MAN 2.00
Director
$1,500 $0 $1,500
MICHAEL OVITT ASSISTANT 2.00
Director
$400 $0 $400
TREVOR ALBRECHT TRUSTEE 2.00
Director
$0 $0 $0
COREY DANIELSON TRUSTEE 2.00
Director
$0 $0 $0
DAN EDWARDS MAYOR 2.00
Director
$0 $0 $0
AMY KLAWITTER DEPUTY CITY 2.00
Director
$0 $0 $0
RYAN KRAMER FIRE CHIEF 2.00
Director
$0 $0 $0
DOUG BEST PRESIDENT 2.00
Officer
$0 $0 $0
TAYLOR BRODERIUS SECRETARY 2.00
Officer
$0 $0 $0
SETH PIERCE VICE PRESIDE 2.00
Officer
$0 $0 $0
ZACHARY PIERCE TREASURER 2.00
Officer
$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 $126,161 $119,882 $1,452,371 $6,279
2022 $58,983 $19,644 $1,243,955 $39,339
2021 $56,480 $12,292 $1,423,697 $44,188
2020 $26,450 $63,706 $1,210,043 $-37,256
2019 $41,395 $14,732 $1,075,504 $26,663
2018 $38,926 $18,955 $874,562 $19,971
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