Prior Lake Fire Relief Association

EIN: 416025281 Mutual Benefit

Prior Lake, MN

Total Revenue
$774,656
Total Expenses
$697,744
Total Assets
$5,098,333
Net Assets
$5,098,333
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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
1957
Legal Domicile
MN
Principal Officer
Andrew Wolfram
Phone
4022120168
Tax Period
2024-01-01 to 2024-12-31

Prior Lake Fire Relief Association, founded in 1957, is a small nonprofit in the Mutual Benefit sector that reported $775K in total revenue in fiscal year 2024. Revenue surged 82% from the prior year, signaling strong growth momentum. Expenses of $698K left a modest 10% surplus.

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 $401,505
Program Service Revenue $0
Investment Income $373,702
Other Revenue $-551
TOTAL REVENUE $774,656

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $646,633
Other Expenses $53,540
TOTAL EXPENSES $697,744

Year-over-Year Comparison

2024 2023 Change
Revenue $774,656 $425,177 +0.8%
Expenses $697,744 $585,251 +0.2%
Net Income $76,912 $-160,074 -1.5%
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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
22

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
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Andrew Wolfram President 1.00
Officer Director
$0 $0 $0
Ryan Van Curler Vice President 1.00
Officer Director
$0 $0 $0
Ken Lofald Secretary 2.00
Officer Director
$0 $0 $0
Justin Bischoff Treasurer 2.00
Officer Director
$0 $0 $0
Michael Pientkia Trustee 1.00
Director
$0 $0 $0
Tyler Gould 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 $774,656 $697,744 $5,098,333 $76,912
2023 $425,177 $585,251 $5,053,676 $-160,074
2022 $247,104 $268,471 $4,776,432 $-21,367
2021 $825,855 $453,620 $5,244,732 $372,235
2020 $723,058 $710,388 $4,903,391 $12,670
2019 $491,729 $268,338 $4,939,136 $223,391
2018 $456,309 $764,078 $4,215,232 $-307,769
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