FIREMENS RELIEF ASSN OF CANBY MN (EIN 416037162) - 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

1906

Legal Domicile

Principal Officer

DERRICK RUETHER

Tax Period

2023-01-01 to 2023-12-31

FIREMENS RELIEF ASSN OF CANBY MN, founded in 1906, is a small nonprofit that reported $167K in total revenue in fiscal year 2023. Expenses of $190K exceeded revenue, resulting in a 14% operating deficit.

Mission

RETIREMENT FOR 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,205

Program Service Revenue $2,856

Investment Income $569

Other Revenue $160,231

TOTAL REVENUE $166,861

Expense Breakdown

Grants Paid $104,923

Salaries & Benefits $7,140

Fundraising Expenses $7,858

Program Expenses $118,055

Other Expenses $78,030

TOTAL EXPENSES $190,093

Year-over-Year Comparison

	2023	2022	Change
Revenue	$166,861	$170,146	0.0%
Expenses	$190,093	$118,620	+0.6%
Net Income	$-23,232	$51,526	-1.5%

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

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	Role	Reportable Comp	Other Comp	Total
JOHN CROWLEY	TRUSTEE	Director	$0	$0	$0
LARRY DUIS	TRUSTEE	Director	$0	$0	$0
CHANCE ANSEEUW	TRUSTEE	Director	$0	$0	$0
ADAM GRENGS	SECRETARY	Director	$0	$0	$0
JEROME VERHELST	TREASURER	Director	$0	$0	$0
DAVID VERHELST	VICE PRESIDENT	Director	$0	$0	$0
DERRICK RUETHER	PRESIDENT	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	$166,861	$190,093	$254,951	$-23,232
2022	$170,146	$118,620	$260,773	$51,526
2021	$169,367	$93,978	$223,012	$75,389
2020	$97,975	$79,286	$121,918	$18,689
2019	$121,089	$69,141	$98,729	$51,948
2018	$68,558	$72,068	$49,301	$-3,510

FIREMENS RELIEF ASSN OF CANBY MN