FIREMEN'S RELIEF ASSOCIATION OF MINNESOTA PEQUOT LAKES (EIN 416039177) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1946

Legal Domicile

Principal Officer

NATE SCHWANKL

Phone

2185685222

Tax Period

2024-01-01 to 2024-12-31

FIREMEN'S RELIEF ASSOCIATION OF MINNESOTA PEQUOT LAKES, founded in 1946, is a small nonprofit that reported $174K in total revenue in fiscal year 2024. Expenses of $194K exceeded revenue, resulting in a 11% operating deficit.

Mission

PROVIDE PENSION BENEFITS TO MEMBERS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $134,150

Program Service Revenue $0

Investment Income $238

Other Revenue $39,640

TOTAL REVENUE $174,028

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $181,283

Other Expenses $86,944

TOTAL EXPENSES $193,699

Year-over-Year Comparison

	2024	2023	Change
Revenue	$174,028	$182,489	0.0%
Expenses	$193,699	$213,069	-0.1%
Net Income	$-19,671	$-30,580	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATE SCHWANKL	PRESIDENT	N/A	Officer Director	$0	$0	$0
DARREN NORBY	VICE-PRESIDE	N/A	Officer Director	$0	$0	$0
BRAD MCGUIRE	SECRETARY	N/A	Officer Director	$0	$0	$0
TREVOR LANG	TREASURER	N/A	Officer Director	$0	$0	$0
JAKE CAMERON	TRUSTEE	N/A	Director	$0	$0	$0
JOSH FOOTE	TRUSTEEE	N/A	Director	$0	$0	$0
TYLER GARDNER	CITY MAYOR	N/A	Director	$0	$0	$0
TODD ROGGENKAMP	CITY CLERK/T	N/A	Director	$0	$0	$0
MIKE SCHWANKL	FIRE CHIEF	N/A	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	$174,028	$193,699	$2,325,747	$-19,671
2023	$182,489	$213,069	$2,006,051	$-30,580
2022	$160,939	$877,902	$1,716,313	$-716,963
2021	$153,469	$208,815	$2,801,764	$-55,346
2020	$137,306	$23,818	$2,539,184	$113,488
2019	$134,934	$22,630	$2,101,654	$112,304
2018	$130,910	$19,333	$1,763,472	$111,577

FIREMEN'S RELIEF ASSOCIATION OF MINNESOTA PEQUOT LAKES