FIREMENS RELIEF ASSNS OF MINN HUTCHINSON FIRE DEPT RELIEF ASSOCIATION (EIN 416020435) - 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

1907

Legal Domicile

Principal Officer

BRANDON VIK

Phone

3205872506

Tax Period

2024-01-01 to 2024-12-31

FIREMENS RELIEF ASSNS OF MINN HUTCHINSON FIRE DEPT RELIEF ASSOCIATION, founded in 1907, is a small nonprofit that reported $463K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $186K, a strong 40% operating margin.

Mission

MANAGE PENSIONS FOR MEMBERS OF THE HUTCHINSON FIRE DEPARTMENT RELIEF ASSOCIATION

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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 $241,499

Program Service Revenue $0

Investment Income $191,021

Other Revenue $30,888

TOTAL REVENUE $463,408

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,771

Fundraising Expenses $0

Program Expenses $276,582

Other Expenses $29,724

TOTAL EXPENSES $277,663

Year-over-Year Comparison

	2024	2023	Change
Revenue	$463,408	$368,912	+0.3%
Expenses	$277,663	$204,744	+0.4%
Net Income	$185,745	$164,168	+0.1%

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

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

$4,400

Total Directors

$4,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRANDON VIK	PRESIDENT	0.50	Officer Director	$300	$0	$300
JASON STURGES	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
GREG PELLER	TREASURER	0.50	Officer Director	$3,600	$0	$3,600
LEVI SCHULTZ	SECRETARY	0.50	Officer Director	$500	$0	$500
RANDY ABELSON	TRUSTEE	0.50	Director	$0	$0	$0
JIM BRODD	TRUSTEE	0.50	Director	$0	$0	$0
MATT JAUNICH	EX-OFFICIO (CITY MANAGER)	0.50	Director	$0	$0	$0
GARY FORCIER	EX-OFFICIO (MAYOR)	0.50	Director	$0	$0	$0
MIKE SCHUMANN	EX-OFFICIO (FIRE CHIEF)	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
2024	$463,408	$277,663	$3,294,206	$185,745
2023	$368,912	$204,744	$2,963,986	$164,168
2022	$346,854	$202,745	$2,552,214	$144,109
2021	$424,865	$588,121	$2,912,005	$-163,256
2020	$322,581	$208,424	$2,936,039	$114,157
2019	$321,934	$216,320	$2,676,064	$105,614
2018	$335,172	$207,403	$2,294,644	$127,769

FIREMENS RELIEF ASSNS OF MINN HUTCHINSON FIRE DEPT RELIEF ASSOCIATION