TWO HARBORS VOLUNTEER FIREMEN'S RELIEF ASSOCIATION (EIN 416039747) - 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

1936

Legal Domicile

Principal Officer

GREG SWANSON

Phone

2188343136

Tax Period

2023-01-01 to 2023-12-31

TWO HARBORS VOLUNTEER FIREMEN'S RELIEF ASSOCIATION, founded in 1936, is a micro nonprofit in the Public Safety sector that reported $97K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $50K, a strong 52% operating margin.

Mission

TO PROVIDE BENEFITS TO MEMBERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $97,736

Program Service Revenue $0

Investment Income $15

Other Revenue $-1,245

TOTAL REVENUE $96,506

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $1,920

Fundraising Expenses $0

Program Expenses $27,297

Other Expenses $34,643

TOTAL EXPENSES $46,517

Year-over-Year Comparison

	2023	2022	Change
Revenue	$96,506	$88,217	+0.1%
Expenses	$46,517	$61,762	-0.2%
Net Income	$49,989	$26,455	+0.9%

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

$1,920

Total Directors

$1,920

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG SWANSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
MIKE ROUSSEAU	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
NATE GENS	SECRETARY	2.00	Officer Director	$0	$960	$960
JESSE MILLER	TREASURER	2.00	Officer Director	$0	$960	$960
SCOTT LIBAL	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS AHLBECK	TRUSTEE	1.00	Director	$0	$0	$0
MARK SCHLANGEN	FIRE CHIEF, EX-OFFICIO TRUSTEE	0.25	Director	$0	$0	$0
MAYOR LEW CONNER	EX-OFFICIO TRUSTEE	0.25	Director	$0	$0	$0
PATRICIA NORDEAN	CITY ADMINISTRATOR, EX-OFFICIO TRUSTEE	0.25	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	No data	No data	No data	No data
2023	$96,506	$46,517	$1,136,463	$49,989
2022	$88,217	$61,762	$916,821	$26,455
2021	$93,639	$24,039	$1,063,704	$69,600
2020	$63,323	$102,587	$869,686	$-39,264
2019	$72,414	$314,334	$778,133	$-241,920
2018	$63,320	$18,195	$864,229	$45,125

TWO HARBORS VOLUNTEER FIREMEN'S RELIEF ASSOCIATION