SPRING VALLEY FIRE RELIEF ASSOCIATION

EIN: 416034237 Mutual Benefit

SPRING VALLEY, MN

Total Revenue
$56,474
Total Expenses
$72,762
Total Assets
$722,419
Net Assets
$718,599
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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
1996
Legal Domicile
MN
Principal Officer
MITCHELL PLAEHN
Phone
5074215196
Tax Period
2023-01-01 to 2023-12-31

SPRING VALLEY FIRE RELIEF ASSOCIATION, founded in 1996, is a micro nonprofit in the Mutual Benefit sector that reported $56K in total revenue in fiscal year 2023. Expenses of $73K exceeded revenue, resulting in a 29% operating deficit.

Mission

THE ASSOCIATION MAINTAINS A SINGLE EMPLOYER DEFINED BENEFIT PENSION PLAN FOR VOLUNTEER FIREFIGHTERS IN SPRING VALLEY, MINNESOTA.

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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 $34,024
Program Service Revenue $0
Investment Income $22,450
Other Revenue $0
TOTAL REVENUE $56,474

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,150
Fundraising Expenses $0
Other Expenses $6,052
TOTAL EXPENSES $72,762

Year-over-Year Comparison

2023 2022 Change
Revenue $56,474 $58,610 0.0%
Expenses $72,762 $75,307 0.0%
Net Income $-16,288 $-16,697 0.0%
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
9
Independent Members
3
Employees
N/A
Volunteers
19

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
$1,950
Total Directors
9
$2,150
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MITCHELL PLAEHN TREASURER 5.00
Officer Director
$1,200 $0 $1,200
DUSTIN KIMBALL SECRETARY 1.00
Officer Director
$350 $0 $350
JOHN FENSKE PRESIDENT 1.00
Officer Director
$250 $0 $250
BRIAN DANIELSON VICE PRESIDE 1.00
Officer Director
$150 $0 $150
KEVIN BURRICHTER TRUSTEE 1.00
Director
$100 $0 $100
TANNER HELLICKSON TRUSTEE 1.00
Director
$100 $0 $100
TONY ARCHER CITY MAYOR 1.00
Director
$0 $0 $0
DUSTIN JOHNSON FIRE CHIEF 1.00
Director
$0 $0 $0
DEB ZIMMER CITY ADMINIS 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 $56,474 $72,762 $722,419 $-16,288
2022 $58,610 $75,307 $648,823 $-16,697
2021 $53,269 $5,550 $813,405 $47,719
2020 $42,931 $48,640 $672,980 $-5,709
2019 $50,463 $138,573 $595,379 $-88,110
2018 $54,751 $9,380 $600,883 $45,371
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