PARK RAPIDS FIREFIGHTERS RELIEF ASSOCIATION

EIN: 416032720 501(c)(3) Public Safety

PARK RAPIDS, MN

Total Revenue
$260,943
Total Expenses
$202,320
Total Assets
$1,435,905
Net Assets
$1,435,905
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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
MN
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

Program Service Accomplishments

Program 1
Expenses: $105,500

RETIREMENT AND DEATH BENEFITS PAID TO VOLUNTEER FIREFIGHTERS

Program 2
Expenses: $46,400

PURCHASED FIREFIGHTING EQUIPMENT FOR THE CITY OF PARK RAPIDS FIRE DEPARTMENT

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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 $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

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Governance

Voting Members
6
Independent Members
N/A
Employees
N/A
Volunteers
26

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
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
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
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