FIREMENS RELIEF ASSN OF MINN NISSWA (EIN 416037369) - 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

1953

Legal Domicile

Principal Officer

ANDY SCHAEFER

Phone

2189634444

Tax Period

2024-01-01 to 2024-12-31

FIREMENS RELIEF ASSN OF MINN NISSWA, founded in 1953, is a small nonprofit that reported $310K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Net assets of $2.2M represent 85 months of operating reserves.

Mission

PROVIDE PENSIONS TO VOLUNTEER FIREFIGHTERS OF THE NISSWA FIRE DEPARTMENT.

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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 $123,110

Program Service Revenue $275

Investment Income $156,765

Other Revenue $29,634

TOTAL REVENUE $309,784

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $295,200

Other Expenses $38,429

TOTAL EXPENSES $333,629

Year-over-Year Comparison

	2024	2023	Change
Revenue	$309,784	$230,345	+0.3%
Expenses	$333,629	$37,354	+7.9%
Net Income	$-23,845	$192,991	-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
ANDY SCHAEFER	PRESIDENT	1.00	Officer Director	$0	$0	$0
LUKE WALN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOE HALL	TREASURER	1.00	Officer Director	$0	$0	$0
JUSTIN STAHNKE	SECRETARY	1.00	Officer Director	$0	$0	$0
MATT JORGENS	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD GEIKE	TRUSTEE	1.00	Director	$0	$0	$0
SHAWN BAILEY	FIRE CHIEF	1.00	Director	$0	$0	$0
JENNIFER MAX	CITY ADMINISTRATOR	1.00	Director	$0	$0	$0
JESSE ZAHN	COUNCIL MEMBER LIAZON	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	$309,784	$333,629	$2,201,679	$-23,845
2023	$230,345	$37,354	$2,116,303	$192,991
2022	$216,454	$39,123	$1,765,622	$177,331
2021	$252,025	$23,024	$2,006,685	$229,001
2020	$165,028	$123,916	$1,703,589	$41,112
2019	$153,495	$23,529	$1,517,138	$129,966
2018	$172,195	$15,245	$1,192,167	$156,950

FIREMENS RELIEF ASSN OF MINN NISSWA