FIREMEN'S RELIEF ASSN'S OF MN MONTEVIDEO FIRE DEPT RELIEF ASSN (EIN 416044943) - 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

1906

Legal Domicile

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.

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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 $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

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

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

$1,732

Total Directors

$1,732

Key Employees

Highest Compensated

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

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