FIREMEN'S RELIEF ASSN OF MN HANCOCK ASSOC (EIN 416038050) - 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

1963

Legal Domicile

Principal Officer

SHAWN MILLER

Phone

3208085174

Tax Period

2023-01-01 to 2023-12-31

FIREMEN'S RELIEF ASSN OF MN HANCOCK ASSOC, founded in 1963, is a micro nonprofit that reported $45K in total revenue in fiscal year 2023. The organization ran a surplus of $17K, a strong 38% operating margin.

Mission

TO PROVIDE RETIREMENT BENEFIT FUNDS TO ITS VOLUNTEER FIREMEN. IT OPERATES LAWFUL GAMBLING TO PROVIDE FUNDS FOR EQUIPMENT, TRAINING, BUILDING MAINTENANCE, AND YOUTH COMMUNITY PROGRAMS.

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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 $40,707

Program Service Revenue $0

Investment Income $6,523

Other Revenue $-2,683

TOTAL REVENUE $44,547

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $4,241

Program Expenses $23,460

Other Expenses $24,951

TOTAL EXPENSES $27,701

Year-over-Year Comparison

	2023	2022	Change
Revenue	$44,547	$46,200	0.0%
Expenses	$27,701	$25,126	+0.1%
Net Income	$16,846	$21,074	-0.2%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROSS HAUGEN	PRESIDENT	003.00	Officer	$0	$0	$0
MIKE KRATZ	SECRETARY	003.00	Officer	$0	$0	$0
MARK MADSEN	TREASURER	003.00	Officer	$0	$0	$0
JUSTIN FLATEN	FIRE CHIEF	003.00	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	$44,547	$27,701	$506,538	$16,846
2022	$46,200	$25,126	$442,066	$21,074
2021	$83,876	$37,770	$466,370	$46,106
2020	$49,375	$12,473	$420,746	$36,902
2019	$77,196	$21,018	$383,702	$56,178

FIREMEN'S RELIEF ASSN OF MN HANCOCK ASSOC