NORTH EAST SHERBURNE FIRE & RESCUE RELIEF ASSOCIATION

EIN: 412110654 Mutual Benefit

PRINCETON, MN

Total Revenue
$121,656
Total Expenses
$38,209
Total Assets
$612,990
Net Assets
$612,990
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
MN
Principal Officer
JIM OLIVER
Phone
6125985062
Tax Period
2018-01-01 to 2018-12-31

NORTH EAST SHERBURNE FIRE & RESCUE RELIEF ASSOCIATION, founded in 2003, is a small nonprofit in the Mutual Benefit sector that reported $122K in total revenue in fiscal year 2018. Revenue surged 137% from the prior year, signaling strong growth momentum. The organization ran a surplus of $83K, a strong 69% operating margin.

Mission

PROVIDE RETIREMENT BENEFITS FOR INDIVIDUALS PROVIDING GOVERNMENTAL FIREFIGHTING SERVICES.

Program Service Accomplishments

Program 1
Expenses: $38,193

PROVIDES RETIREMENT BENEFITS TO INDIVIDUALS PROVIDING GOVERNMENTAL FIREFIGHTING SERVICES, AS WELL AS RAISING FUNDS TO HELP PURCHASE EQUIPMENT FOR THE BALDWIN TOWNSHIP 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 (2018)

Revenue Breakdown

Contributions & Grants $55,226
Program Service Revenue $0
Investment Income $69,487
Other Revenue $-3,057
TOTAL REVENUE $121,656

Expense Breakdown

Grants Paid $1,436
Salaries & Benefits $3,720
Fundraising Expenses $0
Program Expenses $38,193
Other Expenses $10,837
TOTAL EXPENSES $38,209

Year-over-Year Comparison

2018 2017 Change
Revenue $121,656 $51,421 +1.4%
Expenses $38,209 $32,266 +0.2%
Net Income $83,447 $19,155 +3.4%
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

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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
25

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
3
$3,400
Total Directors
9
$3,400
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM OLIVER TREASURER 2.00
Officer Director
$2,400 $0 $2,400
ANDY WALKER PRESIDENT 1.00
Officer Director
$1,000 $0 $1,000
PHIL HOLLAND SECRETARY 1.00
Officer Director
$0 $0 $0
MIKE RADEMACHER TRUSTEE 0.50
Director
$0 $0 $0
STEVE REESE TRUSTEE 0.50
Director
$0 $0 $0
CHAD MILLER TRUSTEE 0.50
Director
$0 $0 $0
SCOTT CASE FIRE CHIEF 0.50
Director
$0 $0 $0
JAY SWANSON TOWN BOARD CHAIR 0.50
Director
$0 $0 $0
CATHY STEVENS TOWNSHIP CLERK 0.50
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
2018 $121,656 $38,209 $612,990 $83,447
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