MINNESOTA LAKE, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MINNESOTA LAKE FIRE DEPARTMENT RELIEF ASSOCIATION, founded in 1975, is a micro nonprofit in the Public Safety sector that reported $37K in total revenue in fiscal year 2023. Revenue fell 124% from the prior year — a significant decline worth monitoring.
FIREFIGHTERS OF THE CITY OF MINNESOTA LAKE ARE MEMBERS OF THE MINNESOTA LAKE FIRE DEPARTMENT RELIEF ASSOCIATION. THE ASSOCIATION IS THE ADMINISTRATOR OF A SINGLE-EMPLOYER DEFINED BENEFIT PENSION PLAN AVAILABLE TO FIREFIGHTERS, AND OPERATES UNDER THE PROVISIONS OF MINNESOTA LAW.
PROVIDED RETIREMENT BENEFITS FOR RETIRED VOLUNTEER FIRE DEPARTMENT MEMBERS PURSUANT TO THE ORGANIZATION'S MISSION. THERE WERE 3 RETIREES IN 2023.
THE MINNESOTA LAKE FIRE DEPARTMENT RELIEF ASSOCIATION CONDUCTS MINNESOTA CHARITABLE GAMBLING. GAMBLING REVENUES ARE DONATED TO THE CITY OF MINNESOTA LAKE, AREA YOUTH, AND OTHER CHARITABLE...
THE MINNESOTA LAKE FIRE DEPARTMENT RELIEF ASSOCIATION CONDUCTS MINNESOTA CHARITABLE GAMBLING. GAMBLING REVENUES ARE DONATED TO THE CITY OF MINNESOTA LAKE, AREA YOUTH, AND OTHER CHARITABLE ORGANIZATIONS. $76,000 IN PROGRAM EXPENDITURES ARE INCLUDED IN LAWFUL GAMBLING EXPENDITURES IN FORM 990.
EXPENDITURES RELATED TO THE ORGANIZATION'S EXEMPT PURPOSE FOR THE BENEFIT OF VOLUNTEER FIRE FIGHTERS OF THE CITY OF MINNESOTA LAKE, MINNESOTA. SERVED 15 ACTIVE MEMBERS AND 5 INACTIVE MEMBERS DURING...
EXPENDITURES RELATED TO THE ORGANIZATION'S EXEMPT PURPOSE FOR THE BENEFIT OF VOLUNTEER FIRE FIGHTERS OF THE CITY OF MINNESOTA LAKE, MINNESOTA. SERVED 15 ACTIVE MEMBERS AND 5 INACTIVE MEMBERS DURING 2023.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $-37,338 | $154,952 | -1.2% |
| Expenses | $118,533 | $85,899 | +0.4% |
| Net Income | $-155,871 | $69,053 | -3.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ERIC GARBES | PRESIDENT | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| MIKE NELSON | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| LINCOLN WACH | TREASURER | 3.00 |
Officer
Director
|
$599 | $0 | $599 |
| DUSTY DRAGER | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAVE MALAKOWSKY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRIS HULL | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT SICHMELLER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DARRIN HUEPER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| LONNIE STENZEL | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JEFF RAMSELY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $-37,338 | $118,533 | $438,450 | $-155,871 |
| 2022 | $154,952 | $85,899 | $595,018 | $69,053 |
| 2021 | $83,562 | $58,447 | $523,587 | $25,115 |
| 2020 | $83,408 | $38,337 | $497,446 | $45,071 |
| 2019 | $94,779 | $15,889 | $454,779 | $78,890 |
| 2018 | $5,275 | $3,515 | $373,918 | $1,760 |
Compare MINNESOTA LAKE FIRE DEPARTMENT RELIEF ASSOCIATION with other nonprofits in Minnesota and across the country.