IVANHOE FIREMENS RELIEF ASSOCIATION (EIN 416026984) - 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

2010

Legal Domicile

Principal Officer

RYAN DRIETZ

Phone

5046941250

Tax Period

2024-01-01 to 2024-12-31

IVANHOE FIREMENS RELIEF ASSOCIATION, founded in 2010, is a micro nonprofit in the Mutual Benefit sector that reported $85K in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $68K, a strong 80% operating margin.

Mission

TO ACT AS A RETIREMENT FUND AGENT FOR THE CITY OF IVANHOE MN'S VOLUNTEER 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 (2024)

Revenue Breakdown

Contributions & Grants $25,542

Program Service Revenue $11,663

Investment Income $48,273

Other Revenue $-197

TOTAL REVENUE $85,281

Expense Breakdown

Grants Paid $0

Salaries & Benefits $800

Fundraising Expenses $0

Program Expenses $1,440

Other Expenses $16,493

TOTAL EXPENSES $17,293

Year-over-Year Comparison

	2024	2023	Change
Revenue	$85,281	$61,386	+0.4%
Expenses	$17,293	$24,492	-0.3%
Net Income	$67,988	$36,894	+0.8%

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

$2,598

Total Directors

$23,388

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA KILEY	GAMBLING MAN	5.00	Director	$11,695	$0	$11,695
DANIEL RENKEN	GAMBLING ASS	5.00	Director	$9,095	$0	$9,095
DAN POPOWSKI	SECRETARY	2.00	Officer Director	$2,598	$0	$2,598
RYAN DRIETZ	PRESIDENT	N/A	Officer Director	$0	$0	$0
JUSTIN JERZAK	TRUSTEE	N/A	Director	$0	$0	$0
PATRICK JERZAK	VICE PRESIDE	N/A	Director	$0	$0	$0
BRANDON PALUCH	TREASURER	N/A	Officer Director	$0	$0	$0
RANDY SHEIK	TRUSTEE	N/A	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	$85,281	$17,293	$743,902	$67,988
2023	$61,386	$24,492	$616,370	$36,894
2022	$49,894	$40,678	$515,391	$9,216
2021	$73,943	$42,299	$608,532	$31,644
2020	$47,977	$8,769	$536,883	$39,208
2019	$75,516	$48,321	$438,201	$27,195
2018	$117,815	$81,444	$355,141	$36,371

IVANHOE FIREMENS RELIEF ASSOCIATION