FIREMEN'S RELIEF ASSOCAITIONS OF MINNESOTA BUFFALO ASSOCIATION (EIN 416036632) - 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

1922

Legal Domicile

Principal Officer

LUKE HOLCOMBE

Phone

7636821181

Tax Period

2023-01-01 to 2023-12-31

FIREMEN'S RELIEF ASSOCAITIONS OF MINNESOTA BUFFALO ASSOCIATION, founded in 1922, is a small nonprofit that reported $236K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $210K left a modest 11% surplus.

Mission

TO PROVIDE BENEFITS FOR FIREFIGHTERS AND THEIR FAMILIES.

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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 $171,683

Program Service Revenue $8,870

Investment Income $55,644

Other Revenue $0

TOTAL REVENUE $236,197

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $2,500

Fundraising Expenses $0

Program Expenses $170,000

Other Expenses $37,238

TOTAL EXPENSES $209,738

Year-over-Year Comparison

	2023	2022	Change
Revenue	$236,197	$206,426	+0.1%
Expenses	$209,738	$43,506	+3.8%
Net Income	$26,459	$162,920	-0.8%

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

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

$2,500

Total Directors

$2,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUKE HOLCOMBE	TREASURER	3.00	Officer Director	$2,000	$0	$2,000
CALE LANGLAND	SECRETARY	2.00	Officer Director	$500	$0	$500
MICHAEL BRINGS	PRESIDENT	1.00	Officer Director	$0	$0	$0
ALEX HIRMAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
STEPHEN ERICKSON	TRUSTEE	1.00	Director	$0	$0	$0
TAYLOR GRONAU	EX-OFFICIO	0.50	Director	$0	$0	$0
JOHN HARNOIS	EX-OFFICIO	0.50	Director	$0	$0	$0
TERI LACHERMEIER	EX-OFFICIO	0.50	Director	$0	$0	$0
BRIAN PHILLIPS	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	No data	No data	No data	No data
2023	$236,197	$209,738	$2,514,735	$26,459
2022	$206,426	$43,506	$2,268,826	$162,920
2021	$199,060	$217,797	$2,455,078	$-18,737
2020	$192,888	$191,773	$2,254,452	$1,115
2019	$185,240	$250,562	$2,084,746	$-65,322
2018	$176,758	$36,334	$1,861,387	$140,424

FIREMEN'S RELIEF ASSOCAITIONS OF MINNESOTA BUFFALO ASSOCIATION