Minneota Fire Department Relief Association (EIN 416036311) - 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

1910

Legal Domicile

Principal Officer

Doug DeSmet

Phone

5078725284

Tax Period

2025-01-01 to 2025-12-31

Minneota Fire Department Relief Association, founded in 1910, is a small nonprofit that reported $126K in total revenue in fiscal year 2025. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $79K, a strong 62% operating margin.

Mission

The Organizations primary purpose is to provide retirement and disability benefits to the members of the Minneota Volunteer Fire Department.

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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 (2025)

Revenue Breakdown

Contributions & Grants $56,825

Program Service Revenue $0

Investment Income $46,680

Other Revenue $22,832

TOTAL REVENUE $126,337

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,396

Fundraising Expenses $0

Program Expenses $31,000

Other Expenses $14,369

TOTAL EXPENSES $47,765

Year-over-Year Comparison

	2025	2024	Change
Revenue	$126,337	$112,353	+0.1%
Expenses	$47,765	$78,773	-0.4%
Net Income	$78,572	$33,580	+1.3%

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

N/A

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

$2,396

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Doug DeSmet	President	1.00	Officer	$599	$0	$599
Shane Rieder	Vice-President	1.00	Officer	$599	$0	$599
Michael Coequyt	Treasurer	2.00	Officer	$599	$0	$599
Trent Hennen	Secretary	1.00	Officer	$599	$0	$599
Brad Laleman	Trustee	1.00	Director	$0	$0	$0
Joe Thostenson	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	$126,337	$47,765	$1,111,281	$78,572
2024	$112,353	$78,773	$927,211	$33,580
2023	$93,167	$159,458	$810,729	$-66,291
2022	$103,533	$83,476	$773,629	$20,057
2021	$113,756	$98,201	$902,703	$15,555
2020	$61,116	$6,652	$779,033	$54,464
2019	$67,661	$105,658	$633,199	$-37,997
2018	$60,678	$52,855	$549,648	$7,823

Minneota Fire Department Relief Association