FIREMENS RELIEF ASSNS OF MINN ADRI… - Form 990 Financial Data

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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

1908

Legal Domicile

Principal Officer

BENJAMIN MANIGOLD

Phone

5074401963

Tax Period

2024-01-01 to 2024-12-31

FIREMENS RELIEF ASSNS OF MINN ADRIAN FIRE RELIEF ASSOCIATION, founded in 1908, is a micro nonprofit that reported $41K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $16K, a strong 40% operating margin.

Mission

FIRE DEPARTMENT RELIEF ASSOCIATION.

Program Service Accomplishments

Program 1

Expenses: $20,448

PROVIDE PENSION BENEFITS TO VESTED FIREFIGHTERS.

Program 2

Expenses: $644

TO EDUCATE THE GENERAL PUBLIC ABOUT FIRE SAFETY AND PREVENTION AND DONATE EQUIPMENT TO THE CITY OF ADRIAN.

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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 $31,170

Program Service Revenue $0

Investment Income $9,468

Other Revenue $0

TOTAL REVENUE $40,638

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $21,092

Other Expenses $3,994

TOTAL EXPENSES $24,442

Year-over-Year Comparison

	2024	2023	Change
Revenue	$40,638	$33,451	+0.2%
Expenses	$24,442	$37,321	-0.3%
Net Income	$16,196	$-3,870	-5.2%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COLT BULLERMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
RYAN HENNING	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN LANGSETH	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
BRANDON LEBRUN	DIRECTOR	1.00	Director	$0	$0	$0
BENJAMIN MANIGOLD	TREASURER	1.00	Officer Director	$0	$0	$0
SCOTT OLSON	SECRETARY	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	$40,638	$24,442	$502,468	$16,196
2022	$35,325	$43,221	$426,283	$-7,896
2021	$43,537	$39,353	$509,216	$4,184

FIREMENS RELIEF ASSNS OF MINN ADRIAN FIRE RELIEF ASSOCIATION