Firemens Relief Assns of Minn Courtland Fire Dept Relief Association (EIN 416038169) - 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

1974

Legal Domicile

Principal Officer

Mike Nelson

Phone

5072768089

Tax Period

2024-01-01 to 2024-12-31

Firemens Relief Assns of Minn Courtland Fire Dept Relief Association, founded in 1974, is a small nonprofit that reported $135K in total revenue in fiscal year 2024. Revenue surged 64% from the prior year, signaling strong growth momentum. The organization ran a surplus of $105K, a strong 77% operating margin.

Mission

To provide retirement benefits to volunteer firefighters.

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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 $85,482

Program Service Revenue $0

Investment Income $36,881

Other Revenue $13,131

TOTAL REVENUE $135,494

Expense Breakdown

Grants Paid $1,780

Salaries & Benefits $800

Fundraising Expenses $0

Program Expenses $24,179

Other Expenses $28,205

TOTAL EXPENSES $30,785

Year-over-Year Comparison

	2024	2023	Change
Revenue	$135,494	$82,435	+0.6%
Expenses	$30,785	$72,660	-0.6%
Net Income	$104,709	$9,775	+9.7%

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

$400

Total Directors

$400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Scott Stein	President	1.00	Officer Director	$0	$0	$0
John Stadick	Vice President	1.00	Officer Director	$0	$0	$0
Randy Compart	Secretary	1.00	Officer Director	$0	$0	$0
Mike Nelson	Treasurer	1.00	Officer Director	$400	$0	$400
Brandon Havemeier	Trustee	1.00	Director	$0	$0	$0
Mitch Hoffmann	Trustee	1.00	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	$135,494	$30,785	$721,070	$104,709
2023	$82,435	$72,660	$582,657	$9,775
2022	$88,916	$52,072	$541,219	$36,844
2021	$84,331	$75,972	$587,909	$8,359
2020	$56,699	$142,260	$522,230	$-85,561
2019	$51,996	$46,538	$617,508	$5,458
2018	$50,499	$14,832	$528,248	$35,667

Firemens Relief Assns of Minn Courtland Fire Dept Relief Association