MAPLE LAKE FIREMEN'S RELIEF ASSN

EIN: 416040628

MAPLE LAKE, MN

Total Revenue
$168,662
Total Expenses
$329,061
Total Assets
$1,208,149
Net Assets
$1,208,149
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1938
Legal Domicile
MN
Principal Officer
BRAD HENNEN
Phone
3209633612
Tax Period
2024-01-01 to 2024-12-31

MAPLE LAKE FIREMEN'S RELIEF ASSN, founded in 1938, is a small nonprofit that reported $169K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $329K exceeded revenue, resulting in a 95% operating deficit.

Mission

THE ASSOCIATION IS A GOVERNMENTAL ENTITY THAT RECEIVES AND MANAGES PUBLIC MONEY TO PROVIDE RETIREMENT AND ANCILLARY BENEFITS FOR INDIVIDUALS PROVIDING THE GOVERNMENTAL SERVICES OF FIREFIGHTING AND EMERGENCY FIRST RESPONSE, AND FOR THEIR BENEFICIARIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $120,950
Program Service Revenue $0
Investment Income $42,463
Other Revenue $5,249
TOTAL REVENUE $168,662

Expense Breakdown

Grants Paid $1,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $326,158
Other Expenses $19,869
TOTAL EXPENSES $329,061

Year-over-Year Comparison

2024 2023 Change
Revenue $168,662 $146,714 +0.1%
Expenses $329,061 $28,923 +10.4%
Net Income $-160,399 $117,791 -2.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
22

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
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRAD HENNEN PRESIDENT 0.50
Officer Director
$0 $0 $0
TOM BLIZIL VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
CHRIS MCCLORY FORMER TREASURER, SECRETAR 0.50
Officer Director
$0 $0 $0
JOHN PETERSON TRUSTEE 0.50
Director
$0 $0 $0
WILL HELMBRECHT FORMER TRUSTEE, TREASURER 0.50
Officer Director
$0 $0 $0
STEVE PETERSON (EX-OFFICIO) FIRE CHIEF 0.50
Director
$0 $0 $0
LANDON CAUGHEY TRUSTEE 0.50
Director
$0 $0 $0
WAYNE PAUMENT (EX-OFFICIO) CITY COUNCIL 0.50
Director
$0 $0 $0
LORI HAUSKEN (EX-OFFCIO) CITY COUNCIL 0.50
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 $168,662 $329,061 $1,208,149 $-160,399
2023 $146,714 $28,923 $1,274,555 $117,791
2022 $135,599 $144,922 $1,065,435 $-9,323
2021 $122,143 $16,308 $1,225,212 $105,835
2020 $116,913 $90,630 $1,037,528 $26,283
2019 $119,513 $223,994 $958,270 $-104,481
2018 $96,043 $179,395 $943,440 $-83,352
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