Edina Firefighters Relief Association (EIN 416026869) - 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

1942

Legal Domicile

Principal Officer

Harry Blanek

Phone

6128456362

Tax Period

2018-01-01 to 2018-12-31

Edina Firefighters Relief Association, founded in 1942, is a small nonprofit that reported $562K in total revenue in fiscal year 2018. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $967K exceeded revenue, resulting in a 72% operating deficit.

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 (2018)

Revenue Breakdown

Contributions & Grants $447,117

Program Service Revenue $5,040

Investment Income $109,901

Other Revenue $0

TOTAL REVENUE $562,058

Expense Breakdown

Grants Paid $600

Salaries & Benefits $28,200

Fundraising Expenses $0

Program Expenses $953,298

Other Expenses $35,798

TOTAL EXPENSES $967,200

Year-over-Year Comparison

	2018	2017	Change
Revenue	$562,058	$511,753	+0.1%
Expenses	$967,200	$780,318	+0.2%
Net Income	$-405,142	$-268,565	+0.5%

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

N/A

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

$19,500

Total Directors

$20,660

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Harry Blanek	President	5.00	Officer Director	$6,000	$0	$6,000
Josh Link	Vice President	2.00	Officer Director	$2,500	$0	$2,500
Doug McLeod	Secretary	5.00	Officer Director	$5,500	$0	$5,500
Shaun White	Treasurer	5.00	Officer Director	$5,500	$0	$5,500
Dave Ehmiller	Trustee	1.00	Director	$1,083	$0	$1,083
Mark Armstrong	Trustee	1.00	Director	$77	$0	$77

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
2018	$562,058	$967,200	$9,218,571	$-405,142

Edina Firefighters Relief Association