FIREMENS RELIEF ASSNS OF MN LO (EIN 416022519) - 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

Jason Sellnow

Phone

3207606969

Tax Period

2024-01-01 to 2024-12-31

FIREMENS RELIEF ASSNS OF MN LO, founded in 1946, is a small nonprofit that reported $200K in total revenue in fiscal year 2024. The organization ran a surplus of $129K, a strong 64% operating margin.

Mission

Provide retirement for volunteer Firemen

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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 $55,722

Program Service Revenue $59,710

Investment Income $84,985

Other Revenue $0

TOTAL REVENUE $200,417

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $71,167

Other Expenses $16,732

TOTAL EXPENSES $71,167

Year-over-Year Comparison

	2024	2023	Change
Revenue	$200,417	$185,740	+0.1%
Expenses	$71,167	$29,249	+1.4%
Net Income	$129,250	$156,491	-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

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
Jason Sellnow	Treasurer	3	Officer	$0	$0	$0
Otis Ostendirf	President	2	Officer	$0	$0	$0
Jeremy Sovich	Trustee	1	Officer	$0	$0	$0
Michael Terwey	Secretary	2	Officer	$0	$0	$0
Peter Nelson	Trustee	2	Officer	$0	$0	$0
Josh Meyer	Vice Pres	2	Officer	$0	$0	$0
Joshua Spieker	Trustee	2	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	$200,417	$71,167	$962,485	$129,250
2023	$185,740	$29,249	$833,235	$156,491
2022	$-4,279	$132,789	$676,744	$-137,068
2021	$154,685	$137,233	$813,812	$17,452
2020	$127,516	$10,817	$796,360	$116,699
2019	$132,683	$64,304	$679,660	$68,379
2018	$38,598	$6,982	$611,281	$31,616

FIREMENS RELIEF ASSNS OF MN LO