DETROIT LAKES FIRE RELIEF ASSOCIATION (EIN 416028063) - 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

1917

Legal Domicile

Principal Officer

MASON PENDER

Phone

2188460372

Tax Period

2023-01-01 to 2023-12-31

DETROIT LAKES FIRE RELIEF ASSOCIATION, founded in 1917, is a small nonprofit that reported $285K in total revenue in fiscal year 2023. The organization ran a surplus of $265K, a strong 93% operating margin.

Mission

TO PROVIDE A RETIREMENT BENEFIT TO VOLUNTEER FIRE FIGHTERS.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $204,001

Program Service Revenue $0

Investment Income $73,659

Other Revenue $7,266

TOTAL REVENUE $284,926

Expense Breakdown

Grants Paid $5,270

Salaries & Benefits $700

Fundraising Expenses $0

Program Expenses $10,370

Other Expenses $14,138

TOTAL EXPENSES $20,108

Year-over-Year Comparison

	2023	2022	Change
Revenue	$284,926	$269,729	+0.1%
Expenses	$20,108	$194,255	-0.9%
Net Income	$264,818	$75,474	+2.5%

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

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

$700

Total Directors

$700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MASON PENDER	TREASURER	1.00	Officer Director	$350	$0	$350
JOHN WEIDEMANN	PRESIDENT	0.50	Officer Director	$200	$0	$200
MICHAEL FRENTRESS	SECRETARY	0.50	Officer Director	$150	$0	$150
AUSTIN PETERSON	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
DAVID SHIPMANN	TRUSTEE	0.50	Director	$0	$0	$0
RYAN SCHUTE	TRUSTEE	0.50	Director	$0	$0	$0
MICHAEL HANSON	EX OFFICIO MEMBER	0.50	Director	$0	$0	$0
KELCEY KLEMM	EX OFFICIO MEMBER	0.50	Director	$0	$0	$0
MATT BRENK	EX OFFICIO MEMBER	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	No data	No data	No data	No data
2023	$284,926	$20,108	$2,800,066	$264,818
2022	$269,729	$194,255	$2,247,752	$75,474
2021	$327,480	$140,053	$2,676,772	$187,427
2020	$286,477	$500,853	$2,331,767	$-214,376
2019	$294,622	$324,333	$2,398,205	$-29,711
2018	$311,456	$88,007	$2,060,973	$223,449

DETROIT LAKES FIRE RELIEF ASSOCIATION