THE FALCON HEIGHTS FIRE DEPARTMENT RELIEF ASSOCIATION (EIN 416023966) - 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

1949

Legal Domicile

Principal Officer

MIKE ARCAND

Phone

6517927630

Tax Period

2021-01-01 to 2021-12-31

THE FALCON HEIGHTS FIRE DEPARTMENT RELIEF ASSOCIATION, founded in 1949, is a micro nonprofit that reported $71K in total revenue in fiscal year 2021. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 2909% operating deficit.

Mission

TO PROVIDE RETIREMENT BENEFITS TO MEMBERS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $55,973

Program Service Revenue $0

Investment Income $15,083

Other Revenue $0

TOTAL REVENUE $71,056

Expense Breakdown

Grants Paid $389

Salaries & Benefits $1,910

Fundraising Expenses $0

Program Expenses $2,097,430

Other Expenses $38,506

TOTAL EXPENSES $2,137,846

Year-over-Year Comparison

	2021	2020	Change
Revenue	$71,056	$117,107	-0.4%
Expenses	$2,137,846	$44,918	+46.6%
Net Income	$-2,066,790	$72,189	-29.6%

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

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

$1,360

Total Directors

$1,360

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE KRUSE	TREASURER	1.00	Officer Director	$540	$0	$540
DAN WATTENHOFER	SECRETARY	0.50	Officer Director	$420	$0	$420
MIKE ARCAND	PRESIDENT	0.50	Officer Director	$400	$0	$400
MORGAN MCCANN	VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
MIKE MCKAY	TRUSTEE	0.25	Director	$0	$0	$0
BILL RAVEN	TRUSTEE	0.25	Director	$0	$0	$0
RANDY GUSTAFSON	MAYOR	0.25	Director	$0	$0	$0
ROLAND OLSON	CITY FINANCE DIRECTOR	0.25	Director	$0	$0	$0
DAVID BROSNAHAN	CITY FIRE CHIEF	0.25	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
2021	$71,056	$2,137,846	No data	$-2,066,790
2020	$117,107	$44,918	$2,056,523	$72,189
2019	$103,492	$70,340	$1,863,321	$33,152
2018	$105,062	$79,724	$1,592,833	$25,338

THE FALCON HEIGHTS FIRE DEPARTMENT RELIEF ASSOCIATION