PARK RAPIDS FIREFIGHTERS RELIEF ASSOCIATION (EIN 416032720) - 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

1918

Legal Domicile

Principal Officer

ZACHARY DESHAYES

Phone

2182554542

Tax Period

2023-01-01 to 2023-12-31

PARK RAPIDS FIREFIGHTERS RELIEF ASSOCIATION, founded in 1918, is a small nonprofit in the Public Safety sector that reported $261K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $59K, a strong 22% operating margin.

Mission

TO PROVIDE RETIREMENT AND DEATH BENEFITS TO 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $174,112

Program Service Revenue $0

Investment Income $68,110

Other Revenue $18,721

TOTAL REVENUE $260,943

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $151,900

Other Expenses $96,820

TOTAL EXPENSES $202,320

Year-over-Year Comparison

	2023	2022	Change
Revenue	$260,943	$216,101	+0.2%
Expenses	$202,320	$648,515	-0.7%
Net Income	$58,623	$-432,414	-1.1%

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

Governance

Voting Members

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ZACHARY DESHAYES	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOE ERICKSON	TREASURER	2.00	Officer Director	$0	$0	$0
TRAVIS LITTLE	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT MEIER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JUSTIN DENNIS	TRUSTEE	1.00	Director	$0	$0	$0
KYLE LITTLE	TRUSTEE	1.00	Director	$0	$0	$0
JOE CARLSON	FIRE CHIEF	1.00	Director	$0	$0	$0
ANGEL WEASNER	CITY ADMIN	1.00	Director	$0	$0	$0
RYAN LECKNER	MAYOR	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	No data	No data	No data	No data
2023	$260,943	$202,320	$1,435,905	$58,623
2022	$216,101	$648,515	$1,262,697	$-432,414
2021	$376,486	$93,768	$1,881,164	$282,718
2020	$256,781	$80,213	$1,599,085	$176,568
2019	$177,463	$313,423	$1,378,709	$-135,960
2018	$182,991	$153,721	$1,326,142	$29,270

PARK RAPIDS FIREFIGHTERS RELIEF ASSOCIATION