NEW RICHLAND FIREMEN'S RELIEF ASSOCIATION (EIN 416034793) - 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

1984

Legal Domicile

Principal Officer

DAN BUDACH

Phone

5074568410

Tax Period

2023-01-01 to 2023-12-31

NEW RICHLAND FIREMEN'S RELIEF ASSOCIATION, founded in 1984, is a small nonprofit in the Public Safety sector that reported $166K in total revenue in fiscal year 2023. Revenue surged 130% from the prior year, signaling strong growth momentum. Expenses of $143K left a modest 14% surplus.

Mission

TO PROVIDE PENSION BENEFITS FOR VOLUNTEER FIREMEN.

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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 $36,109

Program Service Revenue $0

Investment Income $14,280

Other Revenue $115,633

TOTAL REVENUE $166,022

Expense Breakdown

Grants Paid $93,800

Salaries & Benefits $600

Fundraising Expenses $0

Program Expenses $137,449

Other Expenses $10,064

TOTAL EXPENSES $143,264

Year-over-Year Comparison

	2023	2022	Change
Revenue	$166,022	$72,248	+1.3%
Expenses	$143,264	$11,696	+11.2%
Net Income	$22,758	$60,552	-0.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN BUDACH	PRESIDENT	0.25	Officer	$0	$0	$0
CHAD NIETZEL	VICE PRESIDE	0.25	Officer	$0	$0	$0
CORBIN PEDERSON	SECRETARY	0.25	Officer	$0	$0	$0
SHANNON YOUNG	TREASURER	0.25	Officer	$0	$0	$0
ADAM WACHOLZ	TRUSTEE	0.25	Director	$0	$0	$0
JOE ISDER	TRUSTEE	0.25	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	$166,022	$143,264	$593,740	$22,758
2022	$72,248	$11,696	$537,099	$60,552
2021	$103,188	$89,401	$542,117	$13,787
2020	$36,189	$14,346	$504,177	$21,843

NEW RICHLAND FIREMEN'S RELIEF ASSOCIATION