BAUDETTE FIRE DEPARTMENT RELIEF ASSOCIATION

EIN: 416031297

BAUDETTE, MN

Total Revenue
$49,374
Total Expenses
$196,666
Total Assets
$420,429
Net Assets
$420,149
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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
1916
Legal Domicile
MN
Principal Officer
DEREK OLSON
Phone
2186341129
Tax Period
2023-01-01 to 2023-12-31

BAUDETTE FIRE DEPARTMENT RELIEF ASSOCIATION, founded in 1916, is a micro nonprofit that reported $49K in total revenue in fiscal year 2023. Expenses of $197K exceeded revenue, resulting in a 298% operating deficit.

Mission

TO PROVIDE DISABILITY & RETIREMENT BENEFITS TO RETIRED FIRE FIGHTERS. TO RAISE MONEY FOR FIRE FIGHTING EQUIPMENT AND SUPPORT FOR FIRE PROTECTION.

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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 $29,744
Program Service Revenue $0
Investment Income $9,799
Other Revenue $9,831
TOTAL REVENUE $49,374

Expense Breakdown

Grants Paid $1,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $192,782
Other Expenses $7,366
TOTAL EXPENSES $196,666

Year-over-Year Comparison

2023 2022 Change
Revenue $49,374 N/A N/A
Expenses $196,666 N/A N/A
Net Income $-147,292 $0 N/A
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
6
Independent Members
5
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
4
$2,079
Total Directors
6
$2,079
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRYAN SATHRE PRESIDENT 1.00
Officer Director
$0 $0 $0
ERIC SOLO VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
KEITH BLOCK TREASURER 1.00
Officer Director
$2,079 $0 $2,079
DEREK OLSON SECRETARY 2.00
Officer Director
$0 $0 $0
TERRY NELSON TRUSTEE 1.00
Director
$0 $0 $0
TREVOR WEIGEL 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
2023 $49,374 $196,666 $420,429 $-147,292
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