Hopkins Fire Department Relief Assn (EIN 416024738) - 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

1909

Legal Domicile

Principal Officer

Matthew Paulson

Phone

9522172040

Tax Period

2024-01-01 to 2024-12-31

Hopkins Fire Department Relief Assn, founded in 1909, is a small nonprofit that reported $593K in total revenue in fiscal year 2024. Revenue surged 84% from the prior year, signaling strong growth momentum. The organization ran a surplus of $366K, a strong 62% 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 $291,981

Program Service Revenue $0

Investment Income $301,212

Other Revenue $0

TOTAL REVENUE $593,193

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,000

Fundraising Expenses $0

Program Expenses $185,356

Other Expenses $51,670

TOTAL EXPENSES $227,670

Year-over-Year Comparison

	2024	2023	Change
Revenue	$593,193	$322,336	+0.8%
Expenses	$227,670	$218,466	+0.0%
Net Income	$365,523	$103,870	+2.5%

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

$5,000

Total Directors

$5,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Farrell	President	1.00	Officer Director	$1,000	$0	$1,000
Adam Freeman	Vice President	1.00	Officer Director	$1,000	$0	$1,000
Matthew Paulson	Secretary	1.00	Officer Director	$1,000	$0	$1,000
Derek Mann	Treasurer	2.00	Officer Director	$2,000	$0	$2,000
Brad Schilling	Trustee	1.00	Director	$0	$0	$0
Jared Neibuhr	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	$593,193	$227,670	$3,989,698	$365,523
2023	$322,336	$218,466	$3,492,397	$103,870
2022	$222,833	$722,095	$3,025,971	$-499,262
2021	$435,652	$257,588	$3,982,618	$178,064
2020	$369,305	$551,697	$3,607,133	$-182,392
2019	$376,747	$221,629	$3,744,379	$155,118
2018	$257,059	$103,774	$3,177,249	$153,285

Hopkins Fire Department Relief Assn