NEW RICHLAND FIREMEN'S RELIEF ASSOCIATION

EIN: 416034793 501(c)(3) Public Safety

NEW RICHLAND, MN

Total Revenue
$166,022
Total Expenses
$143,264
Total Assets
$593,740
Net Assets
$252,819
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
MN
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 TO VOLUNTEER FIREMEN.

Program Service Accomplishments

Program 1
Expenses: $46,449 Revenue: $54,038

THE COMMUNITY AND SURROUNDING AREA BENEFIT BY ENSURING A VIABLE VOLUNTEER FIRE DEPARTMENT THAT ALSO PROVIDES RETIREMENT BENEFITS FOR 24 MEMBERS.

Program 2
Expenses: $91,000 Revenue: $111,983

UNDER CHARITABLE GAMING LICENSE FROM THE STATE OF MINNESOTA, THE ORGANIZATION CONDUCTS LAWFUL GAMBLING AT TWO AREA LOCATIONS. IN ACCORD WITH STATE REGULATIONS, THE ORGANIZATION MADE FIVE DONATIONS TO...

Read more

UNDER CHARITABLE GAMING LICENSE FROM THE STATE OF MINNESOTA, THE ORGANIZATION CONDUCTS LAWFUL GAMBLING AT TWO AREA LOCATIONS. IN ACCORD WITH STATE REGULATIONS, THE ORGANIZATION MADE FIVE DONATIONS TO THE COMMUNITY SCHOOL IN SUPPORT OF ACTIVITIES AND ONE DONATION TO THE CITY OF NEW RICHLAND FOR THE CAPITAL EXPENDITURE FUND TO SUPPORT THE COMMUNITY. THE ORGANIZATION'S 2023 NET INCOME FROM LAWFUL GAMBLING WAS 20,983.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
24
Independent Members
23
Employees
2
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
4
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
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
Explore More Nonprofits
→Top 100 Nonprofits in Minnesota →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare NEW RICHLAND FIREMEN'S RELIEF ASSOCIATION with other nonprofits in Minnesota and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.