Madison Lake Firefighters Relief Assn (EIN 416029309) - 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

1948

Legal Domicile

Principal Officer

Roger Sward

Phone

5073813761

Tax Period

2023-01-01 to 2023-12-31

Madison Lake Firefighters Relief Assn, founded in 1948, is a micro nonprofit that reported $96K in total revenue in fiscal year 2023. The organization ran a surplus of $43K, a strong 45% operating margin.

Mission

To provide retirement benefits to volunteer firefighters.

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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 $60,062

Program Service Revenue $0

Investment Income $29,787

Other Revenue $6,038

TOTAL REVENUE $95,887

Expense Breakdown

Grants Paid $11,897

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $39,238

Other Expenses $40,549

TOTAL EXPENSES $52,446

Year-over-Year Comparison

	2023	2022	Change
Revenue	$95,887	$91,838	+0.0%
Expenses	$52,446	$10,228	+4.1%
Net Income	$43,441	$81,610	-0.5%

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

$2,185

Total Directors

$2,185

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Roger Sward	President	1.00	Officer Director	$0	$0	$0
Andrew Javens	Vice President	1.00	Officer Director	$2,185	$0	$2,185
Ian Rude	Secretary	2.00	Officer Director	$0	$0	$0
Clint Kortuem	Treasurer	2.00	Officer Director	$0	$0	$0
Adam Morsching	Trustee	1.00	Director	$0	$0	$0
Eric Olson	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	$95,887	$52,446	$894,055	$43,441
2022	$91,838	$10,228	$768,827	$81,610
2021	$165,479	$42,836	$822,155	$122,643
2020	$70,468	$103,196	$670,966	$-32,728
2019	$97,304	$106,587	$663,776	$-9,283
2018	$119,898	$28,019	$610,351	$91,879

Madison Lake Firefighters Relief Assn