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.
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.