BRAINERD FIRE DEPARTMENT RELIEF ASSOCIATION OF MINNESOTA

EIN: 416035707

BRAINERD, MN

Total Revenue
$632,732
Total Expenses
$330,002
Total Assets
$5,730,099
Net Assets
$5,725,807
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1921
Legal Domicile
MN
Principal Officer
JOSEPH ENGE
Phone
2188282312
Tax Period
2024-01-01 to 2024-12-31

BRAINERD FIRE DEPARTMENT RELIEF ASSOCIATION OF MINNESOTA, founded in 1921, is a small nonprofit that reported $633K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $303K, a strong 48% operating margin.

Mission

TO PROVIDE RETIREMENT BENEFITS TO FIREFIGHTERS SERVING THE CITY OF BRAINERD, MINNESOTA.

Program Service Accomplishments

Program 1
Expenses: $14,045

THE ORGANIZATION PROVIDED BENEFITS TO MEMBERS IN THE FORM OF FLOWERS AND MEMORIALS AND FOSTERED GOODWILL IN THE COMMUNITY THROUGH CHARITABLE AND EDUCATIONAL MEANS.

Program 2
Expenses: $264,264

THE ORGANIZATION PAID PENSION BENEFITS TO RETIRED 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $375,064
Program Service Revenue $0
Investment Income $240,735
Other Revenue $16,933
TOTAL REVENUE $632,732

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,783
Fundraising Expenses $0
Program Expenses $278,309
Other Expenses $58,955
TOTAL EXPENSES $330,002

Year-over-Year Comparison

2024 2023 Change
Revenue $632,732 $681,020 -0.1%
Expenses $330,002 $714,242 -0.5%
Net Income $302,730 $-33,222 -10.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
4
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
$6,255
Total Directors
9
$6,255
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH ENGE PRESIDENT 3.00
Officer Director
$1,575 $0 $1,575
NICHOLAS HAGLIN VICE PRESIDE 1.00
Officer Director
$1,560 $0 $1,560
ERIK FLOWERS SECRETARY 3.00
Officer Director
$1,560 $0 $1,560
JONATHAN LEMIUER TREASURER 3.00
Officer Director
$1,560 $0 $1,560
NICK BROYLES TRUSTEE 1.00
Director
$0 $0 $0
TIMOTHY HOLMES TRUSTEE 1.00
Director
$0 $0 $0
DAVE BADEAUX TRUSTEE 1.00
Director
$0 $0 $0
PAUL ROSIER TRUSTEE 1.00
Director
$0 $0 $0
MATTHEW HOLMSTROM 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
2025 No data No data No data No data
2024 $632,732 $330,002 $5,730,099 $302,730
2023 $681,020 $714,242 $5,061,296 $-33,222
2022 $641,190 $413,436 $4,784,304 $227,754
2021 $573,264 $134,150 $5,548,810 $439,114
2020 $479,359 $202,110 $4,664,026 $277,249
2019 $452,968 $288,288 $4,168,741 $164,680
2018 $612,111 $59,473 $3,511,342 $552,638
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