THE CITY OF BIG LAKE FIREFIGHTERS RELIEF ASSOCIATION

EIN: 411802311

BIG LAKE, MN

Total Revenue
$315,949
Total Expenses
$35,188
Total Assets
$1,556,387
Net Assets
$1,546,187
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
MN
Principal Officer
NOEL KREBS
Phone
7633670443
Tax Period
2024-01-01 to 2024-12-31

THE CITY OF BIG LAKE FIREFIGHTERS RELIEF ASSOCIATION, founded in 1969, is a small nonprofit that reported $316K in total revenue in fiscal year 2024. Revenue surged 78% from the prior year, signaling strong growth momentum. The organization ran a surplus of $281K, a strong 89% operating margin.

Mission

PROVIDE RETIREMENT RELIEF FOR ITS MEMBERS THAT PROVIDE FIREFIGHTING SERVICES FOR THE CITY OF BIG LAKE FIRE DEPARTMENT

Program Service Accomplishments

Program 1
Expenses: $22,170 Revenue: $179,110

MAINTAIN AND MANAGE INVESTED FUNDS TO PROVIDE RETIREMENT, DISABILITY, OR DEATH BENEFITS TO MEMBERS OR THEIR FAMILIES. FUNDS ARE INVESTED AND MANAGED TO PROVIDE BENEFITS FOR MEMBERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $179,110
Program Service Revenue $0
Investment Income $125,709
Other Revenue $11,130
TOTAL REVENUE $315,949

Expense Breakdown

Grants Paid $254
Salaries & Benefits $1,000
Fundraising Expenses $0
Program Expenses $22,170
Other Expenses $33,934
TOTAL EXPENSES $35,188

Year-over-Year Comparison

2024 2023 Change
Revenue $315,949 $177,235 +0.8%
Expenses $35,188 $459,925 -0.9%
Net Income $280,761 $-282,690 -2.0%
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
9
Independent Members
9
Employees
N/A
Volunteers
48

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
$1,000
Total Directors
9
$1,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC ROSA SECRETARY 1.00
Officer Director
$500 $0 $500
JESSE HEMAUER TREASURER 1.00
Officer Director
$500 $0 $500
NOEL KREBS PRESIDENT 1.00
Officer Director
$0 $0 $0
KIEL RUBERG VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
BRAD ANDERSON TRUSTEE 1.00
Director
$0 $0 $0
BRIAN ERLANDSON TRUSTEE 1.00
Director
$0 $0 $0
BRUCE AUBOL TOWNSHIP REPRESENTITIVE (E 1.00
Director
$0 $0 $0
PAUL KNIER MAYOR (EX-OFFICIO) 1.00
Director
$0 $0 $0
SETH HANSEN FIRE CHIEF (EX-OFFICIO) 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 $315,949 $35,188 $1,556,387 $280,761
2023 $177,235 $459,925 $1,258,693 $-282,690
2022 $188,577 $87,327 $1,438,396 $101,250
2021 $183,768 $194,145 $1,559,950 $-10,377
2020 $157,715 $363,480 $1,515,678 $-205,765
2019 $174,442 $110,515 $1,702,414 $63,927
2018 $154,564 $270,655 $1,481,815 $-116,091
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