LITTLE FALLS FIRE RELIEF ASSOCIATION (EIN 416039963) - 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

ERIC HENGA

Phone

3206165591

Tax Period

2024-01-01 to 2024-12-31

LITTLE FALLS FIRE RELIEF ASSOCIATION, founded in 1904, is a small nonprofit in the Mutual Benefit sector that reported $303K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $277K left a modest 9% surplus.

Mission

TO PROVIDE RETIREMENT BENEFITS FOR 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 $165,790

Program Service Revenue $0

Investment Income $114,855

Other Revenue $22,666

TOTAL REVENUE $303,311

Expense Breakdown

Grants Paid $3,311

Salaries & Benefits $2,345

Fundraising Expenses $0

Program Expenses $254,521

Other Expenses $54,858

TOTAL EXPENSES $276,747

Year-over-Year Comparison

	2024	2023	Change
Revenue	$303,311	$232,958	+0.3%
Expenses	$276,747	$126,466	+1.2%
Net Income	$26,564	$106,492	-0.8%

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

$1,500

Total Directors

$1,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTOPHER AMBUEHL	PRESIDENT	0.50	Officer Director	$500	$0	$500
ERIC HEGNA	TREASURER	0.50	Officer Director	$500	$0	$500
THOMAS MCGINNIS	VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
KEITH SCHUMANN	TRUSTEE	0.10	Director	$0	$0	$0
GREG ZYLKA	MAYOR (EX-OFFICIO)	0.10	Director	$0	$0	$0
CRAIG SEELEN	FIRE CHIEF (EX-OFFICIO)	0.10	Director	$0	$0	$0
CALEB OCHOA	SECRETARY	0.50	Officer Director	$500	$0	$500
BRETT CLARK	TRUSTEE	0.10	Director	$250	$0	$250
FRANK GOSIAK	CITY REPRESENTATIVE (EX-OF	0.10	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	$303,311	$276,747	$2,020,181	$26,564
2023	$232,958	$126,466	$1,933,970	$106,492
2022	$161,634	$211,079	$1,708,731	$-49,445
2021	$295,581	$166,875	$2,000,278	$128,706
2020	$274,315	$401,556	$1,835,941	$-127,241
2019	$254,307	$132,459	$1,968,311	$121,848
2018	$173,905	$40,231	$1,695,332	$133,674

LITTLE FALLS FIRE RELIEF ASSOCIATION