IDEAL FIREFIGHTER RELIEF ASSN (EIN 411821251) - 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

1978

Legal Domicile

Principal Officer

MARK SHERMAN

Phone

2185436223

Tax Period

2023-01-01 to 2023-12-31

IDEAL FIREFIGHTER RELIEF ASSN, founded in 1978, is a small nonprofit in the Public Safety sector that reported $281K in total revenue in fiscal year 2023. The organization ran a surplus of $245K, a strong 87% operating margin.

Mission

THE ASSOCIATION ACCUMULATES FUNDS FOR RETIREMENT BENEFITS FOR ITS MEMBERS - VOLUNTEER FIREFIGHTERS OF THE IDEAL 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 (2023)

Revenue Breakdown

Contributions & Grants $217,614

Program Service Revenue $0

Investment Income $34,782

Other Revenue $28,375

TOTAL REVENUE $280,771

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,198

Fundraising Expenses $0

Program Expenses $17,124

Other Expenses $34,805

TOTAL EXPENSES $36,003

Year-over-Year Comparison

	2023	2022	Change
Revenue	$280,771	$285,824	0.0%
Expenses	$36,003	$73,286	-0.5%
Net Income	$244,768	$212,538	+0.2%

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

$1,198

Total Directors

$1,198

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK SHERMAN	PRESIDENT	1.00	Officer Director	$599	$0	$599
JEFF HOLUBAR	TREASURER	1.00	Officer Director	$599	$0	$599
ELI LOVEN	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
ZACK HANSON	SECRETARY	0.00	Officer Director	$0	$0	$0
LUKE HANSON	TRUSTEE	0.00	Director	$0	$0	$0
DAVID PETERSON	TRUSTEE	0.00	Director	$0	$0	$0
RYAN SCHULTZ	TRUSTEE	0.00	Director	$0	$0	$0
CRAIG WALLACE	TRUSTEE	0.00	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
2023	$280,771	$36,003	$2,029,937	$244,768
2022	$285,824	$73,286	$1,667,011	$212,538
2021	$273,607	$103,246	$1,666,837	$170,361
2020	$109,811	$19,325	$1,432,673	$90,486
2019	$93,055	$20,869	$1,191,570	$72,186
2018	$95,963	$18,770	$939,730	$77,193

IDEAL FIREFIGHTER RELIEF ASSN