RENVILLE FIREMENS RELIEF ASSN (EIN 416037521) - 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

MIKE NELSON

Tax Period

2023-01-01 to 2023-12-31

RENVILLE FIREMENS RELIEF ASSN, founded in 1938, is a small nonprofit that reported $134K in total revenue in fiscal year 2023. Revenue surged 308% from the prior year, signaling strong growth momentum. The organization ran a surplus of $120K, a strong 90% operating margin.

Mission

BENEFIT PAYMENTS TO RETIRING CITY OF RENVILLE 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 $20,537

Program Service Revenue $0

Investment Income $97,810

Other Revenue $15,492

TOTAL REVENUE $133,839

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,166

Fundraising Expenses $0

Program Expenses $13,806

Other Expenses $12,640

TOTAL EXPENSES $13,806

Year-over-Year Comparison

	2023	2022	Change
Revenue	$133,839	$32,838	+3.1%
Expenses	$13,806	$112,633	-0.9%
Net Income	$120,033	$-79,795	-2.5%

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

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
COLE GIGSTAD	TRUSTEE	2.00	Director	$0	$0	$0
CHRIS KNIGHT	TRUSTEE	1.00	Director	$0	$0	$0
JANETTE WERTISH	MAYOR	1.00	Director	$0	$0	$0
SHAWN WOHLMAN	ADMINISTRATOR	1.00	Director	$0	$0	$0
AARON HAEN	FIRE CHEIF	1.00	Director	$0	$0	$0
PHIL HAEN	TREASURER	4.00	Officer	$0	$0	$0
MIKE NELSON	PRESIDENT	2.00	Officer	$0	$0	$0
SCOTT J KJERSTEN	SECRETARY	1.00	Officer	$0	$0	$0
NICOLAS WULF	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	No data	No data	No data	No data
2023	$133,839	$13,806	$616,430	$120,033
2022	$32,838	$112,633	$496,397	$-79,795
2021	$112,492	$18,404	$576,204	$94,088

RENVILLE FIREMENS RELIEF ASSN