Worthington Fire Relief Assoc (EIN 416037659) - 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

1915

Legal Domicile

Principal Officer

Chad Nixon

Phone

5073728680

Tax Period

2024-01-01 to 2024-12-31

Worthington Fire Relief Assoc, founded in 1915, is a small nonprofit that reported $163K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $112K, a strong 69% operating margin.

Mission

The Association provides for the support and relief of its members and dependents with retirement benefits and other financial assistance in case of old age, sickness, or disability

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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 $121,252

Program Service Revenue $0

Investment Income $35,441

Other Revenue $6,531

TOTAL REVENUE $163,224

Expense Breakdown

Grants Paid $12,681

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $50,304

Other Expenses $2,954

TOTAL EXPENSES $50,783

Year-over-Year Comparison

	2024	2023	Change
Revenue	$163,224	$142,569	+0.1%
Expenses	$50,783	$159,074	-0.7%
Net Income	$112,441	$-16,505	-7.8%

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	Role	Reportable Comp	Other Comp	Total
Jeremy Braaksma	Treasurer	Officer Director	$0	$0	$0
Cory Greenway	Secretary	Officer Director	$0	$0	$0
Dan Reese	Vice-President	Officer Director	$0	$0	$0
Rick Von Holdt Von Holdt	Trustee	Director	$0	$0	$0
Steve Robinson	Trustee	Director	$0	$0	$0
Nate Lowe	Trustee	Director	$0	$0	$0
Trent DeGroot	Trustee	Director	$0	$0	$0
Josh Miller	Trustee	Director	$0	$0	$0
Chad Nixon	President	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	$163,224	$50,783	$1,210,378	$112,441
2023	$142,569	$182,647	$1,054,996	$-40,078
2022	$123,484	$125,210	$1,033,480	$-1,726
2021	$113,228	$187,986	$1,178,757	$-74,758
2020	$114,926	$356,769	$1,178,482	$-241,843
2019	$109,688	$72,555	$1,371,231	$37,133
2018	$79,413	$87,172	$1,169,615	$-7,759

Worthington Fire Relief Assoc