EVANSVILLE FIREMEN'S RELIEF ASSOCIATION (EIN 416036759) - 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

1948

Legal Domicile

Principal Officer

JAKE COLE

Tax Period

2024-01-01 to 2024-12-31

EVANSVILLE FIREMEN'S RELIEF ASSOCIATION, founded in 1948, is a micro nonprofit that reported $57K in total revenue in fiscal year 2024. The organization ran a surplus of $53K, a strong 93% operating margin.

Mission

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

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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 $350

Program Service Revenue $0

Investment Income $141

Other Revenue $56,564

TOTAL REVENUE $57,055

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,868

Other Expenses $3,868

TOTAL EXPENSES $3,868

Year-over-Year Comparison

	2024	2023	Change
Revenue	$57,055	$-140	-408.5%
Expenses	$3,868	$4,258	-0.1%
Net Income	$53,187	$-4,398	-13.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAKE COLE	CEO	005.00	Officer Director	$0	$0	$0
MICA COLE	SECRETARY	010.00	Officer Director	$0	$0	$0
LARRY THORSTAD	TRUSTEE	005.00	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	$57,055	$3,868	$93,807	$53,187
2023	$-140	$4,258	$40,620	$-4,398
2022	$6,471	$2,688	$45,018	$3,783
2021	$21,452	$316,442	$41,235	$-294,990
2020	$59,485	$47,798	$337,345	$11,687
2019	$76,253	$26,790	$326,538	$49,463

EVANSVILLE FIREMEN'S RELIEF ASSOCIATION