FIREMENS RELIEF ASSNS OF MINN CHASKA FIRE DEPT RELIEF ASSOCIATIO (EIN 416030414) - 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

1904

Legal Domicile

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

PROVIDE PENSION AND ANCILLIARY BENEFITS TO VOLUNTEER FIREFIGHTERS AND THEIR FAMILIES.

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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 (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

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

$7,000

Total Directors

$7,000

Key Employees

Highest Compensated

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

FIREMENS RELIEF ASSNS OF MINN CHASKA FIRE DEPT RELIEF ASSOCIATIO