PERHAM FIREFIGHTERS RELIEF ASSOCIATION (EIN 416020946) - 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

1919

Legal Domicile

Principal Officer

STEVEN FELT

Phone

2183464440

Tax Period

2024-01-01 to 2024-12-31

PERHAM FIREFIGHTERS RELIEF ASSOCIATION, founded in 1919, is a small nonprofit that reported $270K in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $125K, a strong 46% operating margin.

Mission

TO PROVIDE RETIREMENT AND DEATH BENEFITS TO VOLUNTEER FIREFIGHTERS

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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 $154,086

Program Service Revenue $0

Investment Income $122,546

Other Revenue $-6,250

TOTAL REVENUE $270,382

Expense Breakdown

Grants Paid $1,500

Salaries & Benefits $4,000

Fundraising Expenses $13,800

Program Expenses $90,300

Other Expenses $52,152

TOTAL EXPENSES $145,452

Year-over-Year Comparison

	2024	2023	Change
Revenue	$270,382	$172,055	+0.6%
Expenses	$145,452	$93,366	+0.6%
Net Income	$124,930	$78,689	+0.6%

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

N/A

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

$3,500

Total Directors

$4,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN FELT	PRESIDENT	N/A	Officer Director	$1,000	$0	$1,000
JACOB HUEBSCH	VICE PRESIDE	N/A	Officer Director	$500	$0	$500
DOUGLAS NIELSEN	TREASURER	2.00	Officer Director	$1,000	$0	$1,000
MATTHEW HENDRICKX	SECRETARY	N/A	Officer Director	$1,000	$0	$1,000
THEODORE TULIBASKI	TRUSTEE	N/A	Director	$250	$0	$250
MICHAEL JONES	TRUSTEE	N/A	Director	$250	$0	$250
MARK SCHMIDT	FIRE CHIEF	N/A	Officer	$0	$0	$0
TIMOTHY MEEHL	MAYOR	N/A	Officer	$0	$0	$0
JONATHAN SMITH	CITY MANAGER	N/A	Officer	$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	$270,382	$145,452	$1,558,393	$124,930
2023	$172,055	$93,366	$1,399,639	$78,689
2022	$139,059	$61,003	$1,215,264	$78,056
2021	$162,007	$168,952	$1,387,576	$-6,945
2020	$166,740	$34,423	$1,322,660	$132,317
2019	$85,648	$91,505	$1,134,638	$-5,857
2018	$171,177	$101,075	$965,648	$70,102

PERHAM FIREFIGHTERS RELIEF ASSOCIATION