WANAMINGO FIREFIGHTER RELIEF ASSOC

EIN: 411705776 Mutual Benefit

WANAMINGO, MN

Total Revenue
$220,467
Total Expenses
$21,670
Total Assets
$914,229
Net Assets
$912,751
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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
MN
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

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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 $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

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Governance

Voting Members
6
Independent Members
6
Employees
1
Volunteers
32

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
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFREY BENSON TRUSTEE 0.00
Director
$0 $0 $0
MONTY SCHAEFER TRUSTEE 0.00
Director
$0 $0 $0
MATHEW SCHAEFER VICE PRESIDENT 0.00
Officer
$0 $0 $0
PARKER ERICKSON PRESIDENT 0.00
Officer
$0 $0 $0
BRANDON LUNDE SECRETARY 0.00
Officer
$0 $0 $0
JASON BENSON TREASURER 0.00
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 $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
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