Kasson Fire Department Relief Association (EIN 416021884) - 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

1946

Legal Domicile

Principal Officer

Lindsey Derby Kaczmarek

Phone

5635438321

Tax Period

2024-01-01 to 2024-12-31

Kasson Fire Department Relief Association, founded in 1946, is a small nonprofit in the Mutual Benefit sector that reported $126K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $37K, a strong 29% operating margin.

Mission

To provide retirement 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 $105,982

Program Service Revenue $0

Investment Income $8,996

Other Revenue $10,703

TOTAL REVENUE $125,681

Expense Breakdown

Grants Paid $13,968

Salaries & Benefits $2,569

Fundraising Expenses $0

Program Expenses $80,421

Other Expenses $23,522

TOTAL EXPENSES $89,059

Year-over-Year Comparison

	2024	2023	Change
Revenue	$125,681	$95,031	+0.3%
Expenses	$89,059	$46,287	+0.9%
Net Income	$36,622	$48,744	-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

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

$1,975

Total Directors

$2,569

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chris Seljan	President	1.00	Officer Director	$0	$300	$300
Cody Miller	Vice President	1.00	Officer Director	$0	$175	$175
Curtis Alexander	Secretary	1.00	Officer Director	$0	$300	$300
Lindsey Derby Kaczmarek	Treasurer	2.00	Officer Director	$1,200	$0	$1,200
Nick Kobi	Trustee	1.00	Director	$0	$500	$500
Jason Campbell	Trustee	1.00	Director	$0	$94	$94

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	$125,681	$89,059	$853,666	$36,622
2023	$95,031	$46,287	$735,792	$48,744
2022	$69,460	$42,449	$611,668	$27,011
2021	$138,911	$121,659	$635,595	$17,252
2020	$127,736	$50,270	$625,317	$77,466
2019	$98,560	$57,460	$556,799	$41,100
2018	$77,108	$85,792	$477,085	$-8,684

Kasson Fire Department Relief Association