ST MICHAEL, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ST MICHAEL FIREMAN'S RELIEF ASSOCIATION, founded in 1970, is a small nonprofit that reported $284K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $318K exceeded revenue, resulting in a 12% operating deficit.
THE PURPOSE OF THE ASSOCIATION IS TO PROVIDE RETIREMENT RELIEF AND OTHER BENEFITS TO MEMBERS AND THEIR DEPENDENTS. IT IS A GOVERNMENTAL ENTITY THAT RECEIVES AND MANAGES PUBLIC FUNDS TO PROVIDE RETIREMENT AND ANCILLARY BENEFITS FOR INDIVIDUALS PROVIDING THE GOVERNMENTAL SERVICES OF FIREFIGHTING AND, IF APPLICABLE, EMERGENCY FIRST RESPONSE. IT MAY ALSO RAISE FUNDS FROM PRIVATE SOURCES TO FURNISH FIRE AND EMERGENCY EQUIPMENT FOR THE FIRE DEPARTMENT OR OTHER PURPOSES DEEMED NECESSARY AND APPROPRIATE BY THE ASSOCIATION TO THE EXTENT PERMITTED BY LAW.
RAISE, RECEIVE, KEEP AND ADMINISTER ALL FUNDS FOR THE SUPPORT AND RELIEF OF 6 RETIRED FIREFIGHTERS AND 31 ACTIVE FIREFIGHTERS AND THEIR DEPENDENTS, AND TO PAY OUT THE SAME AS PROVIDED BY THE BY-LAWS...
RAISE, RECEIVE, KEEP AND ADMINISTER ALL FUNDS FOR THE SUPPORT AND RELIEF OF 6 RETIRED FIREFIGHTERS AND 31 ACTIVE FIREFIGHTERS AND THEIR DEPENDENTS, AND TO PAY OUT THE SAME AS PROVIDED BY THE BY-LAWS OF THE ASSOCIATION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $283,506 | $242,552 | +0.2% |
| Expenses | $317,762 | $20,860 | +14.2% |
| Net Income | $-34,256 | $221,692 | -1.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MIKAL KNOTEK | SECRETARY | 1.50 |
Officer
Director
|
$1,200 | $0 | $1,200 |
| TREVOR SECK | TREASURER | 1.00 |
Officer
Director
|
$1,200 | $0 | $1,200 |
| TYLER ZAHLER | PRESIDENT | 0.50 |
Officer
Director
|
$500 | $0 | $500 |
| GRANT SAHR | VICE PRESIDENT | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| CALVIN SCHOEN | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| SCOTT EULL | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $283,506 | $317,762 | $1,792,416 | $-34,256 |
| 2023 | $242,552 | $20,860 | $1,761,000 | $221,692 |
| 2022 | $192,780 | $36,193 | $1,434,945 | $156,587 |
| 2021 | $192,313 | $209,328 | $1,446,317 | $-17,015 |
| 2020 | $184,285 | $104,853 | $1,367,885 | $79,432 |
| 2019 | $175,096 | $466,589 | $1,243,406 | $-291,493 |
| 2018 | $185,195 | $180,935 | $1,383,251 | $4,260 |
Compare ST MICHAEL FIREMAN'S RELIEF ASSOCIATION with other nonprofits in Minnesota and across the country.