SAUK RAPIDS VOLUNTEER FIRE RELIEF ASSOCIATION (EIN 416043582) - 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

1963

Legal Domicile

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 RETIREMENT RELIEF AND OTHER BENEFITS TO MEMBERS AND DEPENDENTS.

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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 (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

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

$2,400

Total Directors

$2,400

Key Employees

Highest Compensated

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

SAUK RAPIDS VOLUNTEER FIRE RELIEF ASSOCIATION