MILACA FIREFIGHTERS RELIEF ASSOCIATION (EIN 416041958) - 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

1909

Legal Domicile

Principal Officer

MITCHELL WOLBERT

Phone

6127702035

Tax Period

2024-01-01 to 2024-12-31

MILACA FIREFIGHTERS RELIEF ASSOCIATION, founded in 1909, is a micro nonprofit in the Mutual Benefit sector that reported $37K in total revenue in fiscal year 2024. Revenue fell 363% from the prior year — a significant decline worth monitoring.

Mission

THE ASSOCIATION PROVIDES PENSION BENEFITS TO ELIGIBLE MEMBERS OF THE FIRE DEPARTMENT.

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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 $0

Program Service Revenue $0

Investment Income $3,399

Other Revenue $-40,500

TOTAL REVENUE $-37,101

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $1,000

Fundraising Expenses $0

Program Expenses $9,638

Other Expenses $7,638

TOTAL EXPENSES $9,638

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-37,101	$14,111	-3.6%
Expenses	$9,638	$8,008	+0.2%
Net Income	$-46,739	$6,103	-8.7%

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

N/A

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

$7,000

Total Directors

$20,900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDY ZIEGLER	TRUSTEE	000.10	Director	$12,000	$0	$12,000
SHAWN KADELBACH	PRESIDENT	006.00	Officer Director	$6,000	$0	$6,000
JESSE GERADS	FIRE CHIEF	000.10	Director	$1,200	$0	$1,200
CHRIS EHLEN	SECRETARY	001.00	Officer Director	$1,000	$0	$1,000
CHAD WEYER	TRUSTEE	000.10	Director	$700	$0	$700
ADAM SOLOMON	VICE PRESIDENT	001.00	Officer Director	$0	$0	$0
MARISA RINGGAARD	TRUSTEE	000.10	Director	$0	$0	$0
MIKE TALBERG	TRUSTEE	000.10	Director	$0	$0	$0
ELIZABTH NEALLEY	CITY TREASURER	000.10	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	$-37,101	$9,638	$181,566	$-46,739
2023	$14,111	$8,008	$230,573	$6,103
2022	$102,363	$6,050	$216,004	$96,313
2021	$69,048	$2,974	$120,494	$66,074
2020	$-23,885	$7,244	$51,868	$-31,129
2019	$-10,409	$5,509	$82,262	$-15,918
2018	$15,590	$3,230	$99,285	$12,360

MILACA FIREFIGHTERS RELIEF ASSOCIATION