Savage Fire Department Firemen's Relief & Pension Association

EIN: 416040236

Savage, MN

Total Revenue
$384,713
Total Expenses
$838,377
Total Assets
$7,681,580
Net Assets
$7,672,731
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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
1958
Legal Domicile
MN
Principal Officer
Dan Giles
Phone
6513071385
Tax Period
2023-01-01 to 2023-12-31

Savage Fire Department Firemen's Relief & Pension Association, founded in 1958, is a small nonprofit that reported $385K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $838K exceeded revenue, resulting in a 118% operating deficit.

Mission

To monitor and disburse fireperson pensions

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $276,876
Program Service Revenue $0
Investment Income $107,837
Other Revenue $0
TOTAL REVENUE $384,713

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,000
Fundraising Expenses $0
Program Expenses $747,839
Other Expenses $87,538
TOTAL EXPENSES $838,377

Year-over-Year Comparison

2023 2022 Change
Revenue $384,713 $345,146 +0.1%
Expenses $838,377 $718,152 +0.2%
Net Income $-453,664 $-373,006 +0.2%
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

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Governance

Voting Members
8
Independent Members
5
Employees
N/A
Volunteers
50

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
4
$2,000
Total Directors
8
$2,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dan Giles President 1.00
Officer Director
$1,000 $0 $1,000
Aaron Price Secretary 1.00
Officer Director
$1,000 $0 $1,000
Randy Beh Treasurer 10.00
Officer Director
$0 $0 $0
Rachel Stern Trustee 1.00
Director
$0 $0 $0
Jeremie Bresnahan Fire Chief/Ex Officio 1.00
Director
$0 $0 $0
Brad Larson Administrator/Ex Officio 1.00
Director
$0 $0 $0
Janet Williams City Mayor/Ex Officio 1.00
Director
$0 $0 $0
Steve Goebel Vice President 1.00
Officer 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 $384,713 $838,377 $7,681,580 $-453,664
2022 $345,146 $718,152 $7,315,647 $-373,006
2021 $489,221 $460,911 $8,939,808 $28,310
2020 $514,637 $435,764 $8,022,659 $78,873
2019 $489,603 $590,863 $7,239,021 $-101,260
2018 $486,165 $383,341 $6,266,434 $102,824
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