Firemens Relief Assns of Minn Little Canada Assn

EIN: 416037748

Little Canada, MN

Total Revenue
$222,943
Total Expenses
$279,972
Total Assets
$2,279,550
Net Assets
$2,255,213
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
MN
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

The Association receives and manages public money to provide retirement benefits for individuals providing the public service of firefighting. The objectives of the plan shall be to provide service pensions and ancillary benefits to members and dependents.

Program Service Accomplishments

Program 1
Expenses: $245,709

To provide service pensions and ancillary benefits to members and dependents of the Little Canada Firefighter's Relief Association.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
29

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
4
$1,250
Total Directors
9
$1,480
Key Employees
0
$0
Highest Compensated
0
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
Explore More Nonprofits
→Top 100 Nonprofits in Minnesota →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare Firemens Relief Assns of Minn Little Canada Assn with other nonprofits in Minnesota and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.