WANAMINGO FIREFIGHTER RELIEF ASSOC

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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

1970

Legal Domicile

Principal Officer

PARKER ERICKSON

Phone

5072081122

Tax Period

2023-01-01 to 2023-12-31

WANAMINGO FIREFIGHTER RELIEF ASSOC, founded in 1970, is a small nonprofit in the Mutual Benefit sector that reported $220K in total revenue in fiscal year 2023. The organization ran a surplus of $199K, a strong 90% operating margin.

Mission

TO PROVIDE RETIREMENT BENEFITS TO VOLUNTEER FIREFIGHTERS AND TO PURCHASE EQUIPMENT FOR THE FIRE DEPARTMENT

Program Service Accomplishments

Program 1

THE ORGANIZATION PROVIDES RETIREMENT BENEFITS TO MEMBERS OF THE VOLUNTEER FIRE DEPARTMENT OF WANAMINGO MN. THERE ARE 14 VESTED MEMBERS, 10 PARTIALLY VESTED MEMBERS, 5 NONVESTED MEMBERS,AND 7 RETIRED...

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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 $74,796

Program Service Revenue $0

Investment Income $115,375

Other Revenue $30,296

TOTAL REVENUE $220,467

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $21,670

TOTAL EXPENSES $21,670

Year-over-Year Comparison

	2023	2022	Change
Revenue	$220,467	$-118,110	-2.9%
Expenses	$21,670	$169,779	-0.9%
Net Income	$198,797	$-287,889	-1.7%

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	Role	Reportable Comp	Other Comp	Total
JEFFREY BENSON	TRUSTEE	Director	$0	$0	$0
MONTY SCHAEFER	TRUSTEE	Director	$0	$0	$0
MATHEW SCHAEFER	VICE PRESIDENT	Officer	$0	$0	$0
PARKER ERICKSON	PRESIDENT	Officer	$0	$0	$0
BRANDON LUNDE	SECRETARY	Officer	$0	$0	$0
JASON BENSON	TREASURER	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	$220,467	$21,670	$914,229	$198,797
2022	$-118,110	$169,779	$716,511	$-287,889
2021	$174,581	$18,486	$1,002,803	$156,095
2020	$133,652	$95,369	$845,748	$38,283
2018	$-7,496	$110,141	$653,052	$-117,637