FIREMENS' RELIEF ASSOCIATION OF FERGUS FALLS MINNESOTA (EIN 416023904) - 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

1933

Legal Domicile

Principal Officer

JEFF MCKEEVER

Phone

2187366983

Tax Period

2024-01-01 to 2024-12-31

FIREMENS' RELIEF ASSOCIATION OF FERGUS FALLS MINNESOTA, founded in 1933, is a small nonprofit that reported $138K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $293K exceeded revenue, resulting in a 112% operating deficit.

Mission

THE ORGANIZATION SERVICES THE PENSIONS, DISABILITY AND DEATH BENEFITS FOR THE FERGUS FALLS 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 $138,152

Program Service Revenue $0

Investment Income $209

Other Revenue $0

TOTAL REVENUE $138,361

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $284,562

Other Expenses $10,452

TOTAL EXPENSES $292,687

Year-over-Year Comparison

	2024	2023	Change
Revenue	$138,361	$125,190	+0.1%
Expenses	$292,687	$103,259	+1.8%
Net Income	$-154,326	$21,931	-8.0%

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

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
CHAD NELSON	SECRETARY	1.00	Officer Director	$0	$0	$0
LUKE DRAXTEN	TREASURER	1.00	Officer Director	$0	$0	$0
CODY LEHMAN	TRUSTEE	1.00	Director	$0	$0	$0
BEN SCHIERER	EX-OFFICIO	1.00	Director	$0	$0	$0
ANDREW BREMSETH	EX-OFFICIO	1.00	Director	$0	$0	$0
RYAN MUCHOW	EX-OFFICIO	1.00	Director	$0	$0	$0
JEFF MCKEEVER	PRESIDENT	1.00	Officer Director	$0	$0	$0
TYLER ICE	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DAN GAINES	TRUSTEE	1.00	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	$138,361	$292,687	$3,850,653	$-154,326
2023	$125,190	$103,259	$3,515,307	$21,931
2022	$114,382	$360,418	$2,958,921	$-246,036
2021	$106,390	$8,950	$3,858,845	$97,440
2020	$102,854	$70,506	$3,320,275	$32,348
2019	$97,515	$9,511	$2,815,130	$88,004
2018	$98,367	$325,299	$2,279,354	$-226,932

FIREMENS' RELIEF ASSOCIATION OF FERGUS FALLS MINNESOTA