FIREMENS RELIEF ASSNS OF MINN ISLE ASSOCIATION (EIN 416037434) - 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

1974

Legal Domicile

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.

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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 $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

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	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

FIREMENS RELIEF ASSNS OF MINN ISLE ASSOCIATION