SAUK RAPIDS VOLUNTEER FIRE RELIEF ASSOCIATION

EIN: 416043582

SAUK RAPIDS, MN

Total Revenue
$339,549
Total Expenses
$248,017
Total Assets
$2,904,160
Net Assets
$2,904,160
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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
1963
Legal Domicile
MN
Principal Officer
STEVE ELLSON
Phone
3209802688
Tax Period
2023-01-01 to 2023-12-31

SAUK RAPIDS VOLUNTEER FIRE RELIEF ASSOCIATION, founded in 1963, is a small nonprofit that reported $340K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $92K, a strong 27% operating margin.

Mission

TO PROVIDE BENEFITS TO VOLUNTEER FIREFIGHTERS.

Program Service Accomplishments

Program 1
Expenses: $207,000

THE PURPOSE OF THE SAUK RAPIDS VOLUNTEER FIRE RELIEF ASSOCIATION IS TO PROVIDE RETIREMENT RELIEF AND OTHER BENEFITS TO ITS MEMBERS AND DEPENDENTS.DURING THE YEAR, THERE WERE 27 ACTIVE MEMBERS AND 1...

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THE PURPOSE OF THE SAUK RAPIDS VOLUNTEER FIRE RELIEF ASSOCIATION IS TO PROVIDE RETIREMENT RELIEF AND OTHER BENEFITS TO ITS MEMBERS AND DEPENDENTS.DURING THE YEAR, THERE WERE 27 ACTIVE MEMBERS AND 1 INACTIVE MEMBER.

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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 $213,656
Program Service Revenue $0
Investment Income $133,241
Other Revenue $-7,348
TOTAL REVENUE $339,549

Expense Breakdown

Grants Paid $2,000
Salaries & Benefits $2,400
Fundraising Expenses $0
Program Expenses $207,000
Other Expenses $38,617
TOTAL EXPENSES $248,017

Year-over-Year Comparison

2023 2022 Change
Revenue $339,549 $309,839 +0.1%
Expenses $248,017 $252,878 0.0%
Net Income $91,532 $56,961 +0.6%
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
9
Independent Members
9
Employees
N/A
Volunteers
27

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
3
$2,400
Total Directors
9
$2,400
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE ELLSON TREASURER 2.00
Officer Director
$1,200 $0 $1,200
CORY ZIMPEL PRESIDENT 1.00
Officer Director
$600 $0 $600
GREG BOMSTAD SECRETARY 1.00
Officer Director
$600 $0 $600
KADEN CAHILL TRUSTEE 0.25
Director
$0 $0 $0
DALTON LANDWEHR TRUSTEE 0.25
Director
$0 $0 $0
KEEGAN GUNDERSON TRUSTEE 0.25
Director
$0 $0 $0
JASON FLEMING FIRE CHIEF, MUNICIPAL TRUSTEE 0.25
Director
$0 $0 $0
KURT HUNSTINGER MAYOR, MUNICIPAL TRUSTEE 0.25
Director
$0 $0 $0
ROSS OLSON CITY ADMINISTRATOR, MUNICIPAL TRUSTEE 0.25
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 $339,549 $248,017 $2,904,160 $91,532
2022 $309,839 $252,878 $2,545,969 $56,961
2021 $385,870 $211,542 $3,067,753 $174,328
2020 $255,992 $437,671 $2,698,070 $-181,679
2019 $306,736 $168,214 $2,723,781 $138,522
2018 $302,514 $235,753 $2,340,415 $66,761
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