ADA FIRE DEPARTMENT RELIEF ASSOCIATION

EIN: 416031049 Public Safety

ADA, MN

Total Revenue
$57,863
Total Expenses
$24,835
Total Assets
$628,552
Net Assets
$623,152
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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
1914
Legal Domicile
MN
Principal Officer
BRUCE VISSER
Phone
2187845520
Tax Period
2023-01-01 to 2023-12-31

ADA FIRE DEPARTMENT RELIEF ASSOCIATION, founded in 1914, is a micro nonprofit in the Public Safety sector that reported $58K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $33K, a strong 57% operating margin.

Mission

STATE FIRE AID IS INVESTED TO PROVIDE BENEFITS FOR RETIRING 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $43,494
Program Service Revenue $30
Investment Income $7,155
Other Revenue $7,184
TOTAL REVENUE $57,863

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $18,181
Other Expenses $9,935
TOTAL EXPENSES $24,835

Year-over-Year Comparison

2023 2022 Change
Revenue $57,863 $43,333 +0.3%
Expenses $24,835 $13,463 +0.8%
Net Income $33,028 $29,870 +0.1%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
22

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
5
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICHOLAS PROTHERO PRESIDENT 1.00
Officer Director
$0 $0 $0
BLAINE ERICKSON VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JAY MERKENS SECRETARY 1.00
Officer Director
$0 $0 $0
BRUCE VISSER TREASURER 2.00
Officer Director
$0 $0 $0
GLEN VISSER TRUSTEE 1.00
Director
$0 $0 $0
CHRIS WESTCOTT TRUSTEE 1.00
Director
$0 $0 $0
STEVE PETRY TRUSTEE / FIRE CHIEF 1.00
Officer 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
2023 $57,863 $24,835 $628,552 $33,028
2022 $43,333 $13,463 $541,274 $29,870
2021 $39,465 $11,475 $566,337 $27,990
2020 $31,977 $61,229 $502,533 $-29,252
2019 $38,869 $68,858 $495,134 $-29,989
2018 $43,709 $84,130 $525,123 $-40,421
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