WACONIA FIRE DEPARTMENT RELIEF ASSOCIATION (EIN 416036815) - 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

1976

Legal Domicile

Principal Officer

KRIS BAUMANN

Phone

9524422316

Tax Period

2023-01-01 to 2023-12-31

WACONIA FIRE DEPARTMENT RELIEF ASSOCIATION, founded in 1976, is a micro nonprofit that reported $5K in total revenue in fiscal year 2023. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $7K exceeded revenue, resulting in a 36% operating deficit.

Mission

THE PURPOSE OF THE RELIEF ASSOCIATION IS TO PROVIDE MEMBERS WITH ACCESS TO THE STATEWIDE VOLUNTEER FIREFIGHTERS RETIREMENT PLAN.

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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 $35

Program Service Revenue $0

Investment Income $275

Other Revenue $4,525

TOTAL REVENUE $4,835

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,361

Other Expenses $6,585

TOTAL EXPENSES $6,585

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,835	$59,057	-0.9%
Expenses	$6,585	$17,607	-0.6%
Net Income	$-1,750	$41,450	-1.0%

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
DOUGLAS ROLF	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
KRIS BAUMANN	PRESIDENT	2.00	Officer Director	$0	$0	$0
BOBBY SELTZ	SECRETARY	1.00	Officer Director	$0	$0	$0
JEFF BORG	TREASURER	1.00	Officer 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	$4,835	$6,585	$125,895	$-1,750
2022	$59,057	$17,607	$124,099	$41,450
2021	$114,072	$75,147	$82,649	$38,925
2020	$68,040	$117,984	$43,724	$-49,944
2019	$92,896	$54,536	$94,232	$38,360
2018	$48,368	$31,304	$56,959	$17,064

WACONIA FIRE DEPARTMENT RELIEF ASSOCIATION