Fire Department Relief Association of Northfield MN (EIN 416025303) - 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

1910

Legal Domicile

Principal Officer

Darrin Stowe

Phone

5073190425

Tax Period

2024-01-01 to 2024-12-31

Fire Department Relief Association of Northfield MN, founded in 1910, is a small nonprofit in the Public Safety sector that reported $909K in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $713K, a strong 78% 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 $249,952

Program Service Revenue $0

Investment Income $518,109

Other Revenue $140,834

TOTAL REVENUE $908,895

Expense Breakdown

Grants Paid $167,115

Salaries & Benefits $800

Fundraising Expenses $0

Program Expenses $170,673

Other Expenses $27,948

TOTAL EXPENSES $195,863

Year-over-Year Comparison

	2024	2023	Change
Revenue	$908,895	$574,400	+0.6%
Expenses	$195,863	$219,576	-0.1%
Net Income	$713,032	$354,824	+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

Governance

Voting Members

Independent Members

Employees

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

$667

Total Directors

$30,109

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andrew Tussing	President	1.00	Officer Director	$0	$0	$0
Dean Erickson	Vice President	1.00	Officer Director	$0	$0	$0
Sean Simonson	Secretary	2.00	Officer Director	$0	$400	$400
Darrin Stowe	Treasurer	2.00	Officer Director	$0	$267	$267
Jesse Faust	Trustee	1.00	Director	$9,209	$133	$9,342
Jamie Moore	Trustee	1.00	Director	$20,100	$0	$20,100

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	$908,895	$195,863	$8,238,522	$713,032
2023	$574,400	$219,576	$6,939,129	$354,824
2022	$939,628	$2,138,357	$5,648,306	$-1,198,729
2021	$755,709	$263,116	$8,427,075	$492,593
2020	$1,166,293	$1,565,352	$7,114,388	$-399,059
2019	$586,020	$651,570	$7,324,290	$-65,550
2018	$764,188	$266,340	$6,528,647	$497,848

Fire Department Relief Association of Northfield MN