MADELIA FIRE DEPARTMENT RELIEF ASSOCIATION (EIN 416027402) - 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

1950

Legal Domicile

Principal Officer

JON GAPPA

Phone

5073860210

Tax Period

2023-01-01 to 2023-12-31

MADELIA FIRE DEPARTMENT RELIEF ASSOCIATION, founded in 1950, is a small nonprofit in the Public Safety sector that reported $114K in total revenue in fiscal year 2023. Revenue surged 85% from the prior year, signaling strong growth momentum. The organization ran a surplus of $84K, a strong 74% operating margin.

Mission

TO PROVIDE RELIEF RETIREMENT FOR VOLUNTEER FIREFIGHTERS. TO RAISE MONEY TO SUPPORT THE PURCHASE OF FIRE FIGHTING EQUIPMENT FOR THE CITY OF MADELIA 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 $34,298

Program Service Revenue $465

Investment Income $47,511

Other Revenue $31,700

TOTAL REVENUE $113,974

Expense Breakdown

Grants Paid $10,691

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $24,271

Other Expenses $19,330

TOTAL EXPENSES $30,021

Year-over-Year Comparison

	2023	2022	Change
Revenue	$113,974	$61,652	+0.8%
Expenses	$30,021	$178,754	-0.8%
Net Income	$83,953	$-117,102	-1.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON GAPPA	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOHN TIERNEY	SECRETARY	1.00	Officer Director	$0	$0	$0
TRAVIS BOTTLESON	TREASURER	2.00	Officer Director	$0	$0	$0
GRANT HALVERSON	TRUSTEE	1.00	Director	$0	$0	$0
JOSH SCHOENER	TRUSTEE	1.00	Director	$0	$0	$0
ADAM LAWRENCE	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	$113,974	$30,021	$626,619	$83,953
2022	$61,652	$178,754	$549,399	$-117,102
2021	$134,278	$29,094	$659,769	$105,184
2020	$123,912	$6,749	$554,585	$117,163

MADELIA FIRE DEPARTMENT RELIEF ASSOCIATION