BRAINERD FIRE DEPARTMENT RELIEF ASSOCIATION OF MINNESOTA (EIN 416035707) - 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

1921

Legal Domicile

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.

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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 (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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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

$6,255

Total Directors

$6,255

Key Employees

Highest Compensated

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
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

BRAINERD FIRE DEPARTMENT RELIEF ASSOCIATION OF MINNESOTA