SLAYTON FIREFIGHTERS' RELIEF ASSOCIATION

EIN: 416049014

SLAYTON, MN

Total Revenue
$143,260
Total Expenses
$87,027
Total Assets
$779,192
Net Assets
$775,543
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
MN
Principal Officer
MATT ACKERMAN
Phone
5078366121
Tax Period
2024-01-01 to 2024-12-31

SLAYTON FIREFIGHTERS' RELIEF ASSOCIATION, founded in 1961, is a small nonprofit that reported $143K in total revenue in fiscal year 2024. Revenue surged 64% from the prior year, signaling strong growth momentum. The organization ran a surplus of $56K, a strong 39% operating margin.

Mission

The organizations primary purpose is to provide retirement and disability benefits for members of the Slayton Volunteer Fire Department.

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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 (2024)

Revenue Breakdown

Contributions & Grants $80,265
Program Service Revenue $0
Investment Income $33,356
Other Revenue $29,639
TOTAL REVENUE $143,260

Expense Breakdown

Grants Paid $0
Salaries & Benefits $720
Fundraising Expenses $0
Program Expenses $58,660
Other Expenses $43,307
TOTAL EXPENSES $87,027

Year-over-Year Comparison

2024 2023 Change
Revenue $143,260 $87,157 +0.6%
Expenses $87,027 $84,173 +0.0%
Net Income $56,233 $2,984 +17.8%
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

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Governance

Voting Members
9
Independent Members
9
Employees
3
Volunteers
30

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
$720
Total Directors
9
$720
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Matt Ackerman President 1.00
Officer Director
$0 $0 $0
Trevor Rosenbrook Secretary 1.00
Officer Director
$125 $0 $125
Ryan Beers Treasurer 2.00
Officer Director
$595 $0 $595
Andrew Kleven Trustee 1.00
Director
$0 $0 $0
Mike Larson Trustee 1.00
Director
$0 $0 $0
Blake Heronimus Trustee 1.00
Director
$0 $0 $0
Miron Carney Ex Officio 1.00
Director
$0 $0 $0
Josh Malchow Ex Officio 1.00
Director
$0 $0 $0
Chris LeTendre Ex Officio 1.00
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 $143,260 $87,027 $779,192 $56,233
2023 $87,157 $84,173 $681,566 $2,984
2022 $80,576 $193,605 $629,147 $-113,029
2021 $106,973 $33,317 $820,519 $73,656
2020 $89,648 $91,436 $731,317 $-1,788
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