THE WADENA FIRE DEPARTMENT RELIEF ASSOCIATION (EIN 416038931) - 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

1904

Legal Domicile

Principal Officer

MATT ROUSSLANG

Phone

2186397426

Tax Period

2024-01-01 to 2024-12-31

THE WADENA FIRE DEPARTMENT RELIEF ASSOCIATION, founded in 1904, is a small nonprofit that reported $135K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $86K, a strong 64% operating margin.

Mission

FIREFIGHTER SUPPORT AND PENSION BENEFITS.

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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 $54,492

Program Service Revenue $0

Investment Income $57,829

Other Revenue $23,089

TOTAL REVENUE $135,410

Expense Breakdown

Grants Paid $19,285

Salaries & Benefits $3,414

Fundraising Expenses $0

Program Expenses $32,464

Other Expenses $26,218

TOTAL EXPENSES $48,917

Year-over-Year Comparison

	2024	2023	Change
Revenue	$135,410	$159,137	-0.1%
Expenses	$48,917	$32,232	+0.5%
Net Income	$86,493	$126,905	-0.3%

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

$40

Total Directors

$80

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAWN SWENSON	PRESIDENT	5.00	Officer Director	$40	$0	$40
ZACH HAMAN	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
JEREMY ZAIC	SECRETARY	5.00	Officer Director	$0	$0	$0
MATT ROUSSLANG	TREASURER	5.00	Officer Director	$0	$0	$0
NATE BIEDERMAN	TRUSTEE	5.00	Director	$0	$0	$0
GEORGE KVETON	TRUSTEE	5.00	Director	$40	$0	$40
GEORGE DEISS	MAYOR	1.00	Director	$0	$0	$0
KIM SCHROEDER	CITY ADMINIS	1.00	Director	$0	$0	$0
CODY YGLESIAS	FIRE CHIEF	10.00	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	$135,410	$48,917	$1,345,487	$86,493
2023	$159,137	$32,232	$1,201,035	$126,905
2022	$91,125	$19,493	$988,429	$71,632
2021	$87,315	$153,062	$1,057,925	$-65,747
2020	$77,854	$203,756	$1,024,522	$-125,902
2019	$71,305	$71,955	$1,077,668	$-650

THE WADENA FIRE DEPARTMENT RELIEF ASSOCIATION