EAGAN, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)EAGAN FIREFIGHTERS RELIEF ASSOCIATION, founded in 1972, is a micro nonprofit that reported $43K in total revenue in fiscal year 2022. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $11.3M exceeded revenue, resulting in a 25893% operating deficit.
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THE PURPOSE OF THE ASSOCIATION IS TO PROVIDE RETIREMENT RELIEF AND OTHER BENEFITS TO MEMBERS AND THEIR DEPENDENTS. FOR PURPOSES OF CHAPTER 424A OF MINNESOTA STATUTES, THE ASSOCIATION IS A...
THE PURPOSE OF THE ASSOCIATION IS TO PROVIDE RETIREMENT RELIEF AND OTHER BENEFITS TO MEMBERS AND THEIR DEPENDENTS. FOR PURPOSES OF CHAPTER 424A OF MINNESOTA STATUTES, THE ASSOCIATION IS A GOVERNMENTAL ENTITY THAT RECEIVES AND MANAGES PUBLIC FUNDS TO PROVIDE RETIREMENT AND ANCILLARY BENEFITS FOR INDIVIDUALS PROVIDING THE GOVERNMENTAL SERVICES OF FIREFIGHTING AND, IF APPLICABLE, EMERGENCY RESPONSE. THE ASSOCIATION MAY ALSO RAISE FUNDS FROM PRIVATE SOURCES TO FURNISH FIRE AND EMERGENCY EQUIPMENT FOR THE FIRE DEPARTMENT, AND FOR OTHER PURPOSES DEEMED NECESSARY AND APPROPRIATE BY THE ASSOCIATION TO THE EXTENT PERMITTED BY LAW. THE ORGANIZATION FORMALLY DISSOLVED AS OF 12/31. THERE WERE NO ACTIVE MEMBERS ASIDE FROM THE BOARD MEMBERS DURING THE YEAR.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $43,382 | $384,512 | -0.9% |
| Expenses | $11,276,087 | $1,300,137 | +7.7% |
| Net Income | $-11,232,705 | $-915,625 | +11.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CHRISTOPHER HALL | PRESIDENT | 10.00 |
Officer
Director
|
$2,431 | $0 | $2,431 |
| JOE BERTRAND | TREASURER | 5.00 |
Officer
Director
|
$2,431 | $0 | $2,431 |
| BRIAN JENSEN | SECRETARY | 5.00 |
Officer
Director
|
$2,431 | $0 | $2,431 |
| JACK KELLEY | TRUSTEE | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| TONY POJMAN | TRUSTEE | 0.10 |
Director
|
$0 | $0 | $0 |
| ANDREW FRANKENFELT | TRUSTEE | 0.10 |
Director
|
$0 | $0 | $0 |
| JOSH FELDMAN | FINANCE DIRECTOR, EX OFFIC | 0.10 |
Director
|
$0 | $0 | $0 |
| MIKE MAGUIRE | MAYOR, EX OFFICIO | 0.10 |
Director
|
$0 | $0 | $0 |
| HUGO SEARLE | FIRE CHIEF, EX OFFICIO | 0.10 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2022 | $43,382 | $11,276,087 | No data | $-11,232,705 |
| 2021 | $384,512 | $1,300,137 | $11,232,705 | $-915,625 |
| 2020 | $625,370 | $2,123,659 | $11,908,914 | $-1,498,289 |
| 2019 | $758,640 | $1,891,051 | $12,895,167 | $-1,132,411 |
| 2018 | $979,150 | $2,279,254 | $12,325,710 | $-1,300,104 |
Compare EAGAN FIREFIGHTERS RELIEF ASSOCIATION with other nonprofits in Minnesota and across the country.