HANSKA FIREMENS RELIEF ASSOCIATION (EIN 416037060) - 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

1939

Legal Domicile

Principal Officer

CLAY LARSON

Phone

5074396220

Tax Period

2024-01-01 to 2024-12-31

HANSKA FIREMENS RELIEF ASSOCIATION, founded in 1939, is a small nonprofit in the Public Safety sector that reported $118K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $79K, a strong 67% operating margin.

Mission

TO PROVIDE RETIREMENT AND DISABILITY BENEFITS TO VOLUNTEER FIREFIGHTERS IN THE HANSKA FIRE DEPARTMENT IN ITS SPECIAL PENSION FUND GOVERNED BY MN STATE STATUTES AND MONITORED ANNUALLY BY THE MN STATE AUDITOR. THE ASSOCIATION ALSO PROVIDES FUNDS FOR FIREFIGHTER SUPPLIES AND EQUIPMENT THROUGH ITS GENERAL FUND.

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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 $31,628

Program Service Revenue $0

Investment Income $64,369

Other Revenue $21,982

TOTAL REVENUE $117,979

Expense Breakdown

Grants Paid $30,000

Salaries & Benefits $599

Fundraising Expenses $0

Program Expenses $33,560

Other Expenses $8,146

TOTAL EXPENSES $38,745

Year-over-Year Comparison

	2024	2023	Change
Revenue	$117,979	$106,025	+0.1%
Expenses	$38,745	$52,756	-0.3%
Net Income	$79,234	$53,269	+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

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

$599

Total Directors

$599

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON SCHULTZ	PRESIDENT	2.00	Officer Director	$0	$0	$0
TRAVIS TAUER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
IAN KJELSHUS	SECRETARY	2.00	Officer Director	$0	$0	$0
CLAY LARSON	TREASURER	2.00	Officer Director	$599	$0	$599
LUCAS LARSON	TRUSTEE	1.00	Director	$0	$0	$0
DAVE OLSON	TRUSTEE	1.00	Director	$0	$0	$0
RICK WELLMAN	TRUSTEE	1.00	Director	$0	$0	$0
CORY FISCHER	TRUSTEE	1.00	Director	$0	$0	$0
DENTON STRASSBERG	TRUSTEE	1.00	Director	$0	$0	$0
ANDY JOHNSON	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	$117,979	$38,745	$569,121	$79,234

HANSKA FIREMENS RELIEF ASSOCIATION