Firemens Relief Assns of Minn City of Minnetonka Association (EIN 416027534) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1960

Legal Domicile

Principal Officer

Mike Dahl

Phone

6513482509

Tax Period

2024-01-01 to 2024-12-31

Firemens Relief Assns of Minn City of Minnetonka Association, founded in 1960, is a community nonprofit that reported $5.2M in total revenue in fiscal year 2024. Revenue surged 491% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.7M, a strong 72% operating margin.

Mission

To provide retirement benefits to volunteer firefighters.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $590,645

Program Service Revenue $0

Investment Income $4,625,395

Other Revenue $0

TOTAL REVENUE $5,216,040

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,103

Fundraising Expenses $0

Program Expenses $1,401,256

Other Expenses $58,439

TOTAL EXPENSES $1,474,479

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,216,040	$882,162	+4.9%
Expenses	$1,474,479	$1,544,294	0.0%
Net Income	$3,741,561	$-662,132	-6.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$10,436

Total Directors

$10,436

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dan Deitering	President	4.00	Officer Director	$3,683	$0	$3,683
Mike Dahl	Treasurer	6.00	Officer Director	$1,391	$0	$1,391
Phil Kivel	Secretary	0.50	Officer Director	$1,190	$0	$1,190
Jeff Goodman	Vice President	0.50	Officer Director	$4,172	$0	$4,172
Austin Rice	Trustee	0.50	Director	$0	$0	$0
Dave Knudsen	Trustee	0.50	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	$5,216,040	$1,474,479	$22,811,828	$3,741,561
2023	$882,162	$1,544,294	$21,251,472	$-662,132
2022	$482,491	$974,722	$19,188,695	$-492,231
2021	$633,693	$1,011,316	$23,224,986	$-377,623
2020	$594,136	$924,101	$21,035,943	$-329,965
2019	$773,205	$805,753	$18,776,627	$-32,548
2018	$754,535	$750,632	$16,084,513	$3,903

Firemens Relief Assns of Minn City of Minnetonka Association