FIREMENS RELIEF ASSNS OF MINN CHASKA FIRE DEPT RELIEF ASSOCIATIO

EIN: 416030414

CHASKA, MN

Total Revenue
$707,369
Total Expenses
$827,954
Total Assets
$7,608,574
Net Assets
$7,605,030
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1904
Legal Domicile
MN
Principal Officer
JEFF GRINAGER
Phone
9522409547
Tax Period
2024-01-01 to 2024-12-31

FIREMENS RELIEF ASSNS OF MINN CHASKA FIRE DEPT RELIEF ASSOCIATIO, founded in 1904, is a small nonprofit that reported $707K in total revenue in fiscal year 2024. Expenses of $828K exceeded revenue, resulting in a 17% operating deficit.

Mission

THE GENERAL PURPOSE AND PLAN OF OPERATION OF THE ASSOCIATION SHALL BE TO CREATE, SECURE AND ESTABLISH A FUND FROM DONATIONS, ASSESSMENTS, OR OTHER LEGITIMATE SOURCES FOR SUPPORT AND RELIEF OF SICK, INJURED, OR DISABLED FIREFIGHTERS OF THIS ASSOCIATION IN SUCH A MANNER AS MAY BE PROVIDED FOR IN THIS CONSTITUTION AND BYLAWS OF THIS ASSOCIATION OR THE LAWS OF THE STATE OF MINNESOTA. ALSO, FOR THE REGULATION AND DISBURSEMENT OF PENSION AND RETIREMENT MONEYS.

Program Service Accomplishments

Program 1
Expenses: $684,329 Revenue: $0

TO ADMINISTER PUBLIC FUNDS WHICH PROVIDE RETIREMENT, DISABILITY, AND SURVIVOR BENEFITS FOR MEMBERS AND THEIR FAMILIES PER MINNESOTA STATE STATUTES. THERE WERE 46 ACTIVE FIREFIGHTERS IN 2024. THERE...

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TO ADMINISTER PUBLIC FUNDS WHICH PROVIDE RETIREMENT, DISABILITY, AND SURVIVOR BENEFITS FOR MEMBERS AND THEIR FAMILIES PER MINNESOTA STATE STATUTES. THERE WERE 46 ACTIVE FIREFIGHTERS IN 2024. THERE WERE 56 RETIRED, DISABLED, OR SURVIVOR RECIPIENTS RECEIVING BENEFITS IN 2024. IN ADDITION, THERE WERE 8 INDIVIDUALS THAT WERE ENTITLED INACTIVE MEMBERS NOT YET RECEIVING BENEFITS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $452,267
Program Service Revenue $0
Investment Income $234,241
Other Revenue $20,861
TOTAL REVENUE $707,369

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,000
Fundraising Expenses $0
Program Expenses $684,329
Other Expenses $136,625
TOTAL EXPENSES $827,954

Year-over-Year Comparison

2024 2023 Change
Revenue $707,369 $664,644 +0.1%
Expenses $827,954 $693,540 +0.2%
Net Income $-120,585 $-28,896 +3.2%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
4
Employees
N/A
Volunteers
46

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
4
$7,000
Total Directors
9
$7,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS PIERCE PRESIDENT 1.00
Officer Director
$400 $0 $400
MATT STOFFERAHN VICE PRESIDENT 1.00
Officer Director
$400 $0 $400
JEFF GRINAGER SECRETARY 1.00
Officer Director
$1,400 $0 $1,400
CRAIG SCHRUPP TREASURER 1.00
Officer Director
$4,800 $0 $4,800
NATE LINDALL TRUSTEE 1.00
Director
$0 $0 $0
JOHN MCCOY TRUSTEE 1.00
Director
$0 $0 $0
TAYLOR HUBBARD COUNCIL MEMBER 1.00
Director
$0 $0 $0
NOEL GRACZYK ADMIN DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN KRAUS FIRE CHIEF 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 $707,369 $827,954 $7,608,574 $-120,585
2023 $664,644 $693,540 $7,293,513 $-28,896
2022 $557,771 $687,378 $6,820,597 $-129,607
2021 $771,630 $589,608 $7,986,215 $182,022
2020 $767,086 $608,298 $7,215,041 $158,788
2019 $682,534 $483,607 $6,680,695 $198,927
2018 $653,679 $446,630 $5,610,493 $207,049
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