FIREMENS RELIEF ASSNS OF MINN WABASSO ASSOCIATION

EIN: 416038179

WABASSO, MN

Total Revenue
$98,356
Total Expenses
$3,399
Total Assets
$526,820
Net Assets
$526,820
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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
1958
Legal Domicile
MN
Principal Officer
JOHN BAUNE
Tax Period
2024-01-01 to 2024-12-31

FIREMENS RELIEF ASSNS OF MINN WABASSO ASSOCIATION, founded in 1958, is a micro nonprofit that reported $98K in total revenue in fiscal year 2024. The organization ran a surplus of $95K, a strong 97% operating margin.

Mission

BENIFITS PAYMENTS TO RETIRING CITY OF WABASSO 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $33,810
Program Service Revenue $0
Investment Income $39,250
Other Revenue $25,296
TOTAL REVENUE $98,356

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,399
Other Expenses $3,399
TOTAL EXPENSES $3,399

Year-over-Year Comparison

2024 2023 Change
Revenue $98,356 N/A N/A
Expenses $3,399 N/A N/A
Net Income $94,957 N/A N/A
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
7
Independent Members
7
Employees
N/A
Volunteers
N/A

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
2
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TROY WELCH FIRE CHEIF 1.00
Director
$0 $0 $0
RYAN WILKINSON TRUSTEE 1.00
Director
$0 $0 $0
ADAM GOBLIRSCH TRUSTEE 1.00
Director
$0 $0 $0
CURTIS ROHLIK TRUSTEE 1.00
Director
$0 $0 $0
CODY WELCH TRUSTEE 1.00
Director
$0 $0 $0
JOHN PITZL SECRETARY 1.00
Director
$0 $0 $0
JOHN BAUNE PRESIDENT 1.00
Officer
$0 $0 $0
STEVE BERG TREASURER 1.00
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 $98,356 $3,399 $526,820 $94,957
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