ELBOW LAKE FIRE DEPARTMENT RELIEF … - Form 990 Financial Data

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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

1946

Legal Domicile

Principal Officer

MATT ALLEN

Phone

2182055803

Tax Period

2023-01-01 to 2023-12-31

ELBOW LAKE FIRE DEPARTMENT RELIEF ASSOCIATION, founded in 1946, is a micro nonprofit that reported $29K in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $20K, a strong 68% operating margin.

Mission

TO PAY ITS MEMBERS IN CASE OF SICKNESS, DISABILITY OR DEATH, AND RETIREMENT FROM ACTIVE SERVICE AS FIREFIGHTERS. THE ORGANIZATION IS A MN NONPROFIT FIRE FIGHTING CORPORATION WITH ACTIVE MEMBERS RULED BY MN STATE STATUTES

Program Service Accomplishments

Program 1

Expenses: $9,324

THE SPECIAL PENSION TRUST FUND IS USED TO PAY THE FIREFIGHTERS IN CASE OF SICKNESS, DISABILITY OR DEATH, AND RETIREMENT FROM ACTIVE SERVICE.

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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 $27,867

Program Service Revenue $0

Investment Income $1,695

Other Revenue $-297

TOTAL REVENUE $29,265

Expense Breakdown

Grants Paid $290

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,324

Other Expenses $9,034

TOTAL EXPENSES $9,324

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,265	$59,669	-0.5%
Expenses	$9,324	$16,478	-0.4%
Net Income	$19,941	$43,191	-0.5%

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

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
ERIC ANDERSON	PRESIDENT	001.00	Officer Director	$0	$0	$0
JASON LINDQUIST	VICE PRESIDENT	001.00	Officer Director	$0	$0	$0
JAKE HAGEN	SECRETARY	001.00	Officer Director	$0	$0	$0
MATT ALLEN	TREASURER	001.00	Officer Director	$0	$0	$0
DOMINIC BLUME	TRUSTEE	000.50	Director	$0	$0	$0
ERIC SCHOENBAUER	TRUSTEE	000.50	Director	$0	$0	$0
CONNER GRYTDAHL	DIRECTOR	000.50	Director	$0	$0	$0
JOHN TOSO	DIRECTOR	000.50	Director	$0	$0	$0
SCOTT HUSETH	DIRECTOR	000.50	Director	$0	$0	$0
MARK WESTROM	DIRECTOR	000.50	Director	$0	$0	$0
JOE LARUE	DIRECTOR	000.50	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	$29,265	$9,324	$892,588	$19,941
2022	$59,669	$16,478	$743,469	$43,191
2021	$173,871	$29,366	$824,857	$144,505
2020	$149,183	$39,539	$680,352	$109,644
2019	$117,588	$39,026	$570,708	$78,562
2018	$95,950	$115,262	$498,726	$-19,312

ELBOW LAKE FIRE DEPARTMENT RELIEF ASSOCIATION