Firemens Relief Association of Thief River Falls (EIN 416008750) - 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

1945

Legal Domicile

Principal Officer

Judd Alby

Phone

2186813943

Tax Period

2023-01-01 to 2023-12-31

Firemens Relief Association of Thief River Falls, founded in 1945, is a small nonprofit that reported $213K in total revenue in fiscal year 2023. Revenue surged 75% from the prior year, signaling strong growth momentum. The organization ran a surplus of $112K, a strong 53% operating margin.

Mission

Volunteer Firefighting

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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 $38,319

Program Service Revenue $85,201

Investment Income $29,498

Other Revenue $59,810

TOTAL REVENUE $212,828

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $88,939

Other Expenses $29,635

TOTAL EXPENSES $100,635

Year-over-Year Comparison

	2023	2022	Change
Revenue	$212,828	$121,449	+0.8%
Expenses	$100,635	$301,374	-0.7%
Net Income	$112,193	$-179,925	-1.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Cervantes	President	4.00	Officer	$0	$0	$0
Francis Trudrau	Vice President	4.00	Officer	$0	$0	$0
Scott Walker	Secretary	4.00	Officer	$0	$0	$0
Judd Alby	Treasurer	4.00	Officer	$0	$0	$0
Steve Kloety	Trustee	4.00	Director	$0	$0	$0
Ryan Kraemer	Trustee	4.00	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	No data	No data	No data	No data
2023	$212,828	$100,635	$1,220,267	$112,193
2022	$121,449	$301,374	$1,108,074	$-179,925
2021	$191,574	$142,186	$1,287,999	$49,388
2020	$210,269	$226,489	$1,238,611	$-16,220
2019	$244,630	$87,803	$1,254,831	$156,827
2018	$87,415	$187,623	$1,098,004	$-100,208

Firemens Relief Association of Thief River Falls