Firemens Relief Assns of Minn Little Canada Assn (EIN 416037748) - 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

1961

Legal Domicile

Principal Officer

Bradley Sell

Phone

6512469098

Tax Period

2024-01-01 to 2024-12-31

Firemens Relief Assns of Minn Little Canada Assn, founded in 1961, is a small nonprofit that reported $223K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $280K exceeded revenue, resulting in a 26% operating deficit.

Mission

To provide retirement benefits for individuals providing the governmental services of firefighting.

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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 $135,011

Program Service Revenue $0

Investment Income $87,932

Other Revenue $0

TOTAL REVENUE $222,943

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,480

Fundraising Expenses $0

Program Expenses $245,709

Other Expenses $33,134

TOTAL EXPENSES $279,972

Year-over-Year Comparison

	2024	2023	Change
Revenue	$222,943	$180,452	+0.2%
Expenses	$279,972	$134,693	+1.1%
Net Income	$-57,029	$45,759	-2.2%

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

$1,250

Total Directors

$1,480

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bryce Shearen	President	2.00	Officer Director	$250	$0	$250
Michael Morelan	Vice President	0.50	Officer Director	$500	$0	$500
Paul Mertens	Secretary	1.00	Officer Director	$250	$0	$250
Bradley Sell	Treasurer	2.00	Officer Director	$250	$0	$250
Steve Anderson	Trustee	0.50	Director	$110	$0	$110
Chris Jaede	Trustee	0.50	Director	$120	$0	$120
Amanda Gutierrez	Ex-Officio Trustee	0.30	Director	$0	$0	$0
Tom Fischer	Ex-Officio Trustee	0.30	Director	$0	$0	$0
Donald Smiley	Ex-Officio Trustee	0.30	Director	$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	$222,943	$279,972	$2,279,550	$-57,029
2023	$180,452	$134,693	$2,203,433	$45,759
2022	$160,826	$33,675	$2,000,189	$127,151
2021	$158,153	$291,154	$2,170,032	$-133,001
2020	$161,744	$248,766	$2,144,821	$-87,022
2019	$145,235	$31,248	$2,129,856	$113,987
2018	$148,025	$174,470	$1,758,994	$-26,445

Firemens Relief Assns of Minn Little Canada Assn