Olivia Firemen's Relief Association

EIN: 416024528 Public Safety

Olivia, MN

Total Revenue
$134,087
Total Expenses
$48,542
Total Assets
$722,189
Net Assets
$722,189
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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
1916
Legal Domicile
MN
Principal Officer
Turner Padrnos
Phone
6514348235
Tax Period
2024-01-01 to 2024-12-31

Olivia Firemen's Relief Association, founded in 1916, is a small nonprofit in the Public Safety sector that reported $134K in total revenue in fiscal year 2024. Revenue surged 111% from the prior year, signaling strong growth momentum. The organization ran a surplus of $86K, a strong 64% 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $97,673
Program Service Revenue $0
Investment Income $35,613
Other Revenue $801
TOTAL REVENUE $134,087

Expense Breakdown

Grants Paid $17,103
Salaries & Benefits $1,000
Fundraising Expenses $0
Program Expenses $31,242
Other Expenses $30,439
TOTAL EXPENSES $48,542

Year-over-Year Comparison

2024 2023 Change
Revenue $134,087 $63,538 +1.1%
Expenses $48,542 $21,072 +1.3%
Net Income $85,545 $42,466 +1.0%
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

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Governance

Voting Members
6
Independent Members
4
Employees
N/A
Volunteers
30

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
4
$1,000
Total Directors
6
$1,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Turner Padrnos President 1.00
Officer Director
$0 $0 $0
Neil Balderston Vice President 1.00
Officer Director
$0 $0 $0
Brady Revier Secretary 1.00
Officer Director
$500 $0 $500
Nate Erickson Treasurer 1.00
Officer Director
$500 $0 $500
Trent Athmann Trustee 1.00
Director
$0 $0 $0
Mark Everson 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 $134,087 $48,542 $722,189 $85,545
2023 $63,538 $21,072 $589,075 $42,466
2022 $53,174 $59,629 $511,607 $-6,455
2021 $92,823 $14,619 $575,962 $78,204
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