BAGLEY FIRE DEPARTMENT RELIEF ASSOCIATIO (EIN 416037185) - 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

1907

Legal Domicile

Principal Officer

BRENTON BERGH

Phone

2186942686

Tax Period

2023-01-01 to 2023-12-31

BAGLEY FIRE DEPARTMENT RELIEF ASSOCIATIO, founded in 1907, is a micro nonprofit that reported $57K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Net assets of $644K represent 136 months of operating reserves.

Mission

STATE FIRE AID IS INVESTED TO PROVIDE BENEFITS FOR RETIRING VOLUNTEER 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 $33,693

Program Service Revenue $0

Investment Income $6,803

Other Revenue $16,221

TOTAL REVENUE $56,717

Expense Breakdown

Grants Paid $6,834

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $54,204

Other Expenses $7,529

TOTAL EXPENSES $60,233

Year-over-Year Comparison

	2023	2022	Change
Revenue	$56,717	$64,944	-0.1%
Expenses	$60,233	$13,412	+3.5%
Net Income	$-3,516	$51,532	-1.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN NETLAND	PRESIDENT	1.00	Director	$0	$0	$0
CHAD BONIK	VICE PRESIDENT	1.00	Director	$0	$0	$0
BRADY FREDRICKSON	SECRETARY	1.00	Director	$0	$0	$0
BRENTON BERGH	TREASURER	1.00	Director	$0	$0	$0
DJ EKRE	TRUSTEE	1.00	Director	$0	$0	$0
CODY NELSON	TRUSTEE	1.00	Director	$0	$0	$0
TROY JESNESS	FIRE CHIEF	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	$56,717	$60,233	$644,435	$-3,516

BAGLEY FIRE DEPARTMENT RELIEF ASSOCIATIO