FIREMEN'S RELIEF ASSNS OF MINN

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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

1950

Legal Domicile

Principal Officer

BRETT MILLER

Phone

5074692029

Tax Period

2023-01-01 to 2023-12-31

FIREMEN'S RELIEF ASSNS OF MINN, founded in 1950, is a micro nonprofit that reported $86K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $28K, a strong 32% operating margin.

Mission

TO PROVIDE A RETIREMENT SYSTEM FOR THE VOLUNTEER FIREMEN OF THE CITY OF JANESVILLE

Program Service Accomplishments

Program 1

Expenses: $45,183

PROVIDE RETIREMENT AND DEATH BENEFITS TO RELIEF ASSOCIATION MEMBERS WHICH ARE THE EXCLUSIVE BENEFITS PROVIDED TO THOSE FIREFIGHTERS.

Program 2

Expenses: $3,659

SUPPLIES BOUGHT FOR THE CITY OF JANESVILLE FIRE DEPARTMENT TO LESSEN THE TAX BURDON OF IT'S CITIZENS

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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 $58,740

Program Service Revenue $0

Investment Income $31,591

Other Revenue $-3,936

TOTAL REVENUE $86,395

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,250

Fundraising Expenses $0

Program Expenses $48,842

Other Expenses $12,205

TOTAL EXPENSES $58,638

Year-over-Year Comparison

	2023	2022	Change
Revenue	$86,395	$78,802	+0.1%
Expenses	$58,638	$79,326	-0.3%
Net Income	$27,757	$-524	-54.0%

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

N/A

Volunteers

N/A

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

$1,250

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRETT MILLER	PRESIDENT	1.00	Officer	$300	$0	$300
JEREMY ERLER	VICE PRESIDE	1.00	Officer	$0	$0	$0
BRIAN NEEGAARD	SECRETARY	1.00	Officer	$150	$0	$150
BEN MARCH	TREASURER	1.00	Officer	$800	$0	$800
BRADY MANTHE	TRUSTEE	1.00	Director	$0	$0	$0
ANN GERDTS	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	No data	No data	No data	No data
2023	$86,395	$58,638	$804,779	$27,757
2022	$78,802	$79,326	$724,944	$-524
2021	$94,765	$25,991	$837,876	$68,774
2020	$79,795	$19,152	$725,501	$60,643
2019	$80,583	$45,013	$620,724	$35,570
2018	$91,277	$104,634	$501,750	$-13,357