FIREMEN'S RELIEF ASSOCAITIONS OF MINNESOTA BUFFALO ASSOCIATION

EIN: 416036632

BUFFALO, MN

Total Revenue
$236,197
Total Expenses
$209,738
Total Assets
$2,514,735
Net Assets
$2,514,735
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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
MN
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.

Program Service Accomplishments

Program 1
Expenses: $170,000 Revenue: $8,870

PROVIDE RETIREMENT, DEPENDENCY, DISABILITY AND MEDICAL BENEFITS TO RELIEF ASSOCIATION MEMBERS WHICH ARE THE EXCLUSIVE BENEFITS PROVIDED TO THOSE 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 (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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
35

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
$2,500
Total Directors
9
$2,500
Key Employees
0
$0
Highest Compensated
0
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
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