KIMBALL FIRE RELIEF ASSOCIATION

EIN: 411753780

KIMBALL, MN

Total Revenue
$151,583
Total Expenses
$124,390
Total Assets
$718,617
Net Assets
$697,398
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1944
Legal Domicile
MN
Principal Officer
MIKE SCHINDLER
Phone
3203985362
Tax Period
2023-01-01 to 2023-12-31

KIMBALL FIRE RELIEF ASSOCIATION, founded in 1944, is a small nonprofit that reported $152K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $27K, a strong 18% operating margin.

Mission

PROVIDE RETIREMENT, DEPENDENCY, DISABILITY AND MEDICAL BENEFITS TO RELIEF ASSOCIATION MEMBERS WHICH ARE THE EXCLUSIVE BENEFITS PROVIDED TO THOSE FIREFIGHTERS.

Program Service Accomplishments

Program 1
Expenses: $67,660 Revenue: $60

INCREASED AWARENESS OF FIRE SAFETY IN THE COMMUNITY THROUGH CONTRIBUTIONS TO LOCAL ORGANIZATIONS AND THE CITY OF KIMBALL.

Program 2
Expenses: $8,283

PROVIDE RETIREMENT, DEPENDENCY, DISABILITY, AND MEDICAL BENEFITS TO RELIEF ASSOCIATION MEMBERS WHICH ARE THE EXCLUSIVE BENEFITS PROVIDED TO THOSE 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 $49,143
Program Service Revenue $60
Investment Income $202
Other Revenue $102,178
TOTAL REVENUE $151,583

Expense Breakdown

Grants Paid $67,660
Salaries & Benefits $38,574
Fundraising Expenses $37,224
Program Expenses $75,943
Other Expenses $18,156
TOTAL EXPENSES $124,390

Year-over-Year Comparison

2023 2022 Change
Revenue $151,583 $172,600 -0.1%
Expenses $124,390 $167,551 -0.3%
Net Income $27,193 $5,049 +4.4%
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
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
$6,550
Total Directors
6
$6,750
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE SCHINDLER PRESIDENT 3.50
Officer Director
$550 $0 $550
MELINDA BERSCHEID VICE PRESIDENT 1.50
Officer Director
$5,500 $0 $5,500
ALEK YOUNG SECRETARY 1.50
Officer Director
$200 $0 $200
BRAD DONNAY TREASURER 1.50
Officer Director
$300 $0 $300
MARK BECK TRUSTEE 1.50
Director
$100 $0 $100
DANIEL MCCAIN TRUSTEE 1.50
Director
$100 $0 $100
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 $151,583 $124,390 $718,617 $27,193
2022 $172,600 $167,551 $622,789 $5,049
2021 $240,529 $157,899 $712,466 $82,630
2020 $99,711 $57,880 $623,633 $41,831
2019 $157,102 $125,229 $520,110 $31,873
2018 $165,437 $117,793 $432,043 $47,644
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