Firemens Relief Association of Owatonna (EIN 416032886) - 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

1945

Legal Domicile

Principal Officer

Justin Brown

Phone

5076761448

Tax Period

2023-01-01 to 2023-12-31

Firemens Relief Association of Owatonna, founded in 1945, is a small nonprofit that reported $442K in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $414K, a strong 94% operating margin.

Mission

To provide retirement 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 $239,479

Program Service Revenue $0

Investment Income $196,443

Other Revenue $6,444

TOTAL REVENUE $442,366

Expense Breakdown

Grants Paid $1,500

Salaries & Benefits $2,000

Fundraising Expenses $0

Program Expenses $4,590

Other Expenses $24,584

TOTAL EXPENSES $28,084

Year-over-Year Comparison

	2023	2022	Change
Revenue	$442,366	$302,578	+0.5%
Expenses	$28,084	$1,028,858	-1.0%
Net Income	$414,282	$-726,280	-1.6%

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

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

$2,000

Total Directors

$2,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Justin Brown	President	1.00	Officer Director	$0	$0	$0
Arik Brase	Vice President	1.00	Officer Director	$0	$0	$0
Ryan Seykora	Secretary	1.00	Officer Director	$1,000	$0	$1,000
Nic Thamert	Treasurer	1.00	Officer Director	$1,000	$0	$1,000
Mitch Terpstra	Trustee	1.00	Director	$0	$0	$0
Willie Grubish	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	No data	No data	No data	No data
2023	$442,366	$28,084	$3,363,832	$414,282

Firemens Relief Association of Owatonna