FIREMENS RELIEF ASSNS OF MINN ISLE ASSOCIATION

EIN: 416037434

ISLE, MN

Total Revenue
$89,097
Total Expenses
$68,287
Total Assets
$935,021
Net Assets
$935,021
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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
1974
Legal Domicile
MN
Principal Officer
CHRIS ZORTMAN
Phone
6124187621
Tax Period
2023-01-01 to 2023-12-31

FIREMENS RELIEF ASSNS OF MINN ISLE ASSOCIATION, founded in 1974, is a micro nonprofit that reported $89K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $21K, a strong 23% operating margin.

Mission

TO PROVIDE RETIREMENT BENEFITS, SUPPLIES, AND ACTIVITIES FOR THE CITY OF ISLE VOLUNTEER FIREFIGHTERS.

Program Service Accomplishments

Program 1
Expenses: $54,218 Revenue: $47,079

THE ASSOCIATION PROVIDES RETIREMENT BENEFITS FOR VOLUNTEER FIREFIGHTERS OF THE CITY OF ISLE. THERE ARE 31 MEMBERS, OF WHICH 28 ARE STILL ACTIVE FIREFIGHTERS. THE ASSOCIATION ALSO SUPPORTS THE LOCAL...

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THE ASSOCIATION PROVIDES RETIREMENT BENEFITS FOR VOLUNTEER FIREFIGHTERS OF THE CITY OF ISLE. THERE ARE 31 MEMBERS, OF WHICH 28 ARE STILL ACTIVE FIREFIGHTERS. THE ASSOCIATION ALSO SUPPORTS THE LOCAL COMMUNITY THORUGH DONATIONS TO VARIOUS PROGRAMS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $512
Program Service Revenue $47,079
Investment Income $18,889
Other Revenue $22,617
TOTAL REVENUE $89,097

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $54,218
Other Expenses $34,992
TOTAL EXPENSES $68,287

Year-over-Year Comparison

2023 2022 Change
Revenue $89,097 $79,618 +0.1%
Expenses $68,287 $18,239 +2.7%
Net Income $20,810 $61,379 -0.7%
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

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Governance

Voting Members
9
Independent Members
9
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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMIE HUBBELL CITY CLERK N/A
Director
$0 $0 $0
ROLAND KARG TRUSTEE N/A
Director
$0 $0 $0
DAVE MILLER CO-CHIEF N/A
Director
$0 $0 $0
PAUL ORAZEM TRUSTEE N/A
Director
$0 $0 $0
ARLO PAULSEN TRUSTEE N/A
Director
$0 $0 $0
ANDY REMER TRUSTEE N/A
Director
$0 $0 $0
TIM SCHUG CO-CHIEF N/A
Director
$0 $0 $0
MIKE HAGGBERG V PRESIDENT N/A
Officer
$0 $0 $0
BRYAN HEISE TREASURER N/A
Officer
$0 $0 $0
CHRIS ZORTMAN PRESIDENT N/A
Officer
$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 $89,097 $68,287 $935,021 $20,810
2022 $79,618 $18,239 $820,025 $61,379
2021 $74,091 $42,113 $897,612 $31,978
2020 $74,649 $66,322 $807,750 $8,327
2019 $64,731 $79,297 $715,596 $-14,566
2018 $55,073 $42,914 $651,492 $12,159
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