NEW YORK MILLS FIRE DEPT RELIEF AS… - Form 990 Financial Data

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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

1940

Legal Domicile

Principal Officer

MATTHEW GEISER

Phone

2183852480

Tax Period

2023-01-01 to 2023-12-31

NEW YORK MILLS FIRE DEPT RELIEF ASSOCIATION, founded in 1940, is a micro nonprofit that reported $66K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $56K, a strong 85% operating margin.

Mission

TO PROVIDE RETIREMENT AND ANCILLARY BENEFITS TO VOLUNTEER FIREFIGHTERS ASSOCIATED WITH THE NEW YORK MILLS, MN FIRE DEPARTMENT.

Program Service Accomplishments

Program 1

RETIREMENT AND ANCILLARY BENEFITS PAID TO VOLUNTEER FIREFIGHTERS.

Program 2

Expenses: $4,352

PURCHASED FIREFIGHTING EQUIPMENT AND SUPPLIES FOR THE CITY OF NEW YORK MILLS, MN FIRE DEPARTMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $32,550

Program Service Revenue $0

Investment Income $8,108

Other Revenue $24,986

TOTAL REVENUE $65,644

Expense Breakdown

Grants Paid $0

Salaries & Benefits $850

Fundraising Expenses $0

Program Expenses $4,352

Other Expenses $8,694

TOTAL EXPENSES $9,544

Year-over-Year Comparison

	2023	2022	Change
Revenue	$65,644	$48,677	+0.3%
Expenses	$9,544	$4,031	+1.4%
Net Income	$56,100	$44,646	+0.3%

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

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

$850

Total Directors