FIREMEN'S RELIEF ASSN'S OF MN MONTEVIDEO FIRE DEPT RELIEF ASSN

EIN: 416044943

MONTEVIDEO, MN

Total Revenue
$184,035
Total Expenses
$16,339
Total Assets
$2,184,154
Net Assets
$2,179,691
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1906
Legal Domicile
MN
Principal Officer
JOE HELGESON
Phone
3202696575
Tax Period
2023-01-01 to 2023-12-31

FIREMEN'S RELIEF ASSN'S OF MN MONTEVIDEO FIRE DEPT RELIEF ASSN, founded in 1906, is a small nonprofit that reported $184K in total revenue in fiscal year 2023. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $168K, a strong 91% operating margin.

Mission

PROVIDE FIRE PROTECTION SERVICES TO THE CITY OF MONTEVIDEO AND SURROUNDING AREAS ON A VOLUNTEER BASIS.

Program Service Accomplishments

Program 1
Expenses: $3,168

PROVIDE RETIREMENT BENEFITS TO RETIRED FIRE FIGHTERS. DURING 2023 THERE WERE 34 ACTIVE FIRE FIGHTERS AND 1 INACTIVE FIRE FIGHTER.

Program 2

THE VOLUNTEER FIRE DEPARTMENT MEMBERS WORK TOGETHER IN FIGHTING FIRES AND PROVIDING EMERGENCY SERVICES. OTHER ACTIVITIES INCLUDE FIRE PROTECTION EDUCATION TO THE COMMUNITY AND LOCAL SCHOOLS, SUMMER...

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THE VOLUNTEER FIRE DEPARTMENT MEMBERS WORK TOGETHER IN FIGHTING FIRES AND PROVIDING EMERGENCY SERVICES. OTHER ACTIVITIES INCLUDE FIRE PROTECTION EDUCATION TO THE COMMUNITY AND LOCAL SCHOOLS, SUMMER PICNIC, FALL FUNDRAISING, SALES OF PULL-TABS AND RAFFLE.

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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 $69,896
Program Service Revenue $0
Investment Income $99,369
Other Revenue $14,770
TOTAL REVENUE $184,035

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,865
Fundraising Expenses $0
Program Expenses $3,168
Other Expenses $14,474
TOTAL EXPENSES $16,339

Year-over-Year Comparison

2023 2022 Change
Revenue $184,035 $110,201 +0.7%
Expenses $16,339 $17,613 -0.1%
Net Income $167,696 $92,588 +0.8%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
6
Employees
4
Volunteers
34

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
$1,732
Total Directors
7
$1,732
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHAD HIEPLER SECRETARY 1.00
Officer Director
$866 $0 $866
BRIAN JORGENSON TREASURER 1.00
Officer Director
$866 $0 $866
MITCH STUECK CHIEF OF FIR 1.00
Director
$0 $0 $0
DARIN BROCK TRUSTEE 1.00
Director
$0 $0 $0
JOE HELGESON PRESIDENT 1.00
Officer Director
$0 $0 $0
NATHAN MOLDE TRUSTEE 1.00
Director
$0 $0 $0
DAVID ROELIKE VICE PRESIDE 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 No data No data No data No data
2023 $184,035 $16,339 $2,184,154 $167,696
2022 $110,201 $17,613 $1,772,095 $92,588
2021 $101,463 $10,807 $2,115,999 $90,656
2020 $86,223 $10,716 $1,732,948 $75,507
2019 $85,886 $12,899 $1,423,025 $72,987
2018 $90,805 $72,848 $1,123,314 $17,957
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