THE CITY OF BIG LAKE FIREFIGHTERS RELIEF ASSOCIATION (EIN 411802311) - Form 990 Financial Analysis & Trantor Score

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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

1969

Legal Domicile

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

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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 (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

Governance

Voting Members

Independent Members

Employees

N/A

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

$1,000

Total Directors

$1,000

Key Employees

Highest Compensated

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

THE CITY OF BIG LAKE FIREFIGHTERS RELIEF ASSOCIATION