Trout Lake Fire Relief Association

EIN: 416038131 Mutual Benefit

Coleraine, MN

Total Revenue
$49,863
Total Expenses
$10,585
Total Assets
$518,709
Net Assets
$518,709
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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
1912
Legal Domicile
MN
Principal Officer
Jordan Schaefer
Phone
5078298662
Tax Period
2023-01-01 to 2023-12-31

Trout Lake Fire Relief Association, founded in 1912, is a micro nonprofit in the Mutual Benefit sector that reported $50K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $39K, a strong 79% operating margin.

Mission

Relief Association for members of the Trout Lake Fire Department

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $32,951
Program Service Revenue $0
Investment Income $9,607
Other Revenue $7,305
TOTAL REVENUE $49,863

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $5,657
Other Expenses $10,480
TOTAL EXPENSES $10,585

Year-over-Year Comparison

2023 2022 Change
Revenue $49,863 $65,509 -0.2%
Expenses $10,585 $33,775 -0.7%
Net Income $39,278 $31,734 +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

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
17

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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kris Glass President N/A
$0 $0 $0
Jordan Schaefer Treasurer N/A
$0 $0 $0
Austin Baldinger Vice President N/A
$0 $0 $0
Shane Troumbly Secretary N/A
$0 $0 $0
Ken Decoster Chief N/A
$0 $0 $0
Gavin Goulet Trustee N/A
$0 $0 $0
Joe Hustad Trustee N/A
$0 $0 $0
Tom Nielsen Fire Board Chair N/A
$0 $0 $0
Andy Sertich Trustee N/A
$0 $0 $0
Brianna Anderson Trustee N/A
$0 $0 $0
Justine Casey Trustee N/A
$0 $0 $0
Deborah Trboyercih Trustee N/A
$0 $0 $0
Robert Stein Trustee N/A
$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 $49,863 $10,585 $518,709 $39,278
2022 $65,509 $33,775 $444,273 $31,734
2021 $57,351 $65,730 $507,140 $-8,379
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