RUSH CITY FIREMANS RELIEF ASSN (EIN 416030814) - 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

1906

Legal Domicile

Principal Officer

JOEY FOLKEMA

Phone

3203581555

Tax Period

2024-01-01 to 2024-12-31

RUSH CITY FIREMANS RELIEF ASSN, founded in 1906, is a small nonprofit in the Mutual Benefit sector that reported $140K in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $94K, a strong 67% operating margin.

Mission

SEE PAGE 2, PART III, LINE 1

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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 $72,020

Program Service Revenue $0

Investment Income $26,256

Other Revenue $41,680

TOTAL REVENUE $139,956

Expense Breakdown

Grants Paid $6,973

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $25,014

Other Expenses $38,526

TOTAL EXPENSES $45,499

Year-over-Year Comparison

	2024	2023	Change
Revenue	$139,956	$105,618	+0.3%
Expenses	$45,499	$34,899	+0.3%
Net Income	$94,457	$70,719	+0.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOEY FOLKEMA	PRESIDENT	1.00	Officer	$0	$0	$0
MATT NELSON	VICE PRESIDE	1.00	Officer	$0	$0	$0
JEFFERY JENNINGS	TREASURER	1.00	Officer	$0	$0	$0
ANDREW KAUFMANN	SECRETARY	1.00	Officer	$0	$0	$0
NICHOLAS MALCHOW	TRUSTEE	1.00	Director	$0	$0	$0
ERIC WHITE	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	$139,956	$45,499	$1,031,745	$94,457
2023	$105,618	$34,899	$887,144	$70,719
2022	$41,518	$36,936	$758,177	$4,582
2021	$181,340	$168,883	$826,879	$12,457
2020	$93,597	$21,952	$852,895	$71,645
2019	$93,451	$113,385	$732,711	$-19,934

RUSH CITY FIREMANS RELIEF ASSN