SLEEPY EYE FIRE DEPT RELIEF ASSN (EIN 416037442) - 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

1938

Legal Domicile

Principal Officer

LEON STEFFL

Tax Period

2024-01-01 to 2024-12-31

SLEEPY EYE FIRE DEPT RELIEF ASSN, founded in 1938, is a small nonprofit that reported $181K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $257K exceeded revenue, resulting in a 42% operating deficit.

Mission

PROVIDE RETIIREMENT BENEFITS TO CITY OF SLEEPY EYE, MN VOL 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 (2024)

Revenue Breakdown

Contributions & Grants $78,260

Program Service Revenue $0

Investment Income $78,834

Other Revenue $23,446

TOTAL REVENUE $180,540

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,308

Fundraising Expenses $0

Program Expenses $252,398

Other Expenses $36,264

TOTAL EXPENSES $257,179

Year-over-Year Comparison

	2024	2023	Change
Revenue	$180,540	$237,298	-0.2%
Expenses	$257,179	$96,797	+1.7%
Net Income	$-76,639	$140,501	-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

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

$2,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX BRUGGEMAN	TREASURER	2.00	Officer	$2,000	$0	$2,000
JESSE FISCHER	SECRETARY	1.00	Officer Director	$0	$0	$0
BRADLEY HOFFMAN	TRUSTEE	1.00	Director	$0	$0	$0
SHAUN HEIDERSCHEIDT	TRUSTEE	3.00	Officer Director	$0	$0	$0
RONALD ZINNIEL	TRUSTEE	1.00	Director	$0	$0	$0
WAYNE PELZEL	TRUSTEE	1.00	Director	$0	$0	$0
MICHELLE STRATE	TRUSTEE	1.00	Director	$0	$0	$0
LEON STEFFL	PRESIDENT	2.00	Officer	$0	$0	$0
SCOTT KRZMARZICK	VICE PRESIDENT	1.00	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	$180,540	$257,179	$1,283,535	$-76,639
2023	$237,298	$96,797	$1,360,174	$140,501
2022	$112,660	$288,097	$1,219,673	$-175,437
2021	$220,169	$101,197	$1,395,110	$118,972
2020	$214,173	$128,983	$1,276,138	$85,190
2019	$224,136	$72,328	$1,190,948	$151,808
2018	$90,991	$8,970	$1,039,140	$82,021

SLEEPY EYE FIRE DEPT RELIEF ASSN