WOODBURY FIREFIGHTERS' BENEFIT ASSOCIATI (EIN 416078005) - 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

1965

Legal Domicile

Principal Officer

AARON ENGELSRUD

Phone

6517143789

Tax Period

2022-01-01 to 2022-12-31

WOODBURY FIREFIGHTERS' BENEFIT ASSOCIATI, founded in 1965, is a small nonprofit in the Public & Societal Benefit sector that reported $846K in total revenue in fiscal year 2022. Revenue surged 69% from the prior year, signaling strong growth momentum. Expenses of $4.3M exceeded revenue, resulting in a 410% operating deficit.

Mission

TO PROVIDE SERVICE PENSIONS AND ANCILLARY BENEFITS TO MEMBERS OF THE WOODBURY FIREFIGHTERS' BENEFIT ASSOCIATION AND THEIR LAWFUL BENEFICIARIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $588,256

Program Service Revenue $0

Investment Income $257,549

Other Revenue $0

TOTAL REVENUE $845,805

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,279

Fundraising Expenses $0

Program Expenses $4,167,356

Other Expenses $125,457

TOTAL EXPENSES $4,313,092

Year-over-Year Comparison

	2022	2021	Change
Revenue	$845,805	$499,405	+0.7%
Expenses	$4,313,092	$960,501	+3.5%
Net Income	$-3,467,287	$-461,096	+6.5%

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

$18,283

Total Directors

$18,697

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENJAMIN QUAYLE	SECRETARY	5.00	Officer Director	$9,404	$0	$9,404
AARON ENGELSRUD	PRESIDENT	5.00	Officer Director	$2,914	$0	$2,914
RICHARD ANDERSON	VICE PRESIDENT	5.00	Officer Director	$2,425	$0	$2,425
ANTHONY MORRI	TREASURER	5.00	Officer Director	$3,540	$0	$3,540
PHIL HENNEMANN	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT KEY	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL BLOHM	TRUSTEE	1.00	Director	$414	$0	$414
ANNE BURT	MAYOR, EX OFFICIO	0.25	Director	$0	$0	$0
ANGELA GORALL	ASSIST. CITY ADMINISTRATOR, EX OFFICIO	0.25	Director	$0	$0	$0
JASON POSEL	PUBLIC SAFETY DIRECTOR, EX OFFICIO	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
2022	$845,805	$4,313,092	$14,496,426	$-3,467,287
2021	$499,405	$960,501	$19,105,291	$-461,096
2020	$473,204	$513,596	$17,383,907	$-40,392
2019	$451,408	$461,409	$15,197,629	$-10,001
2018	$428,332	$137,361	$12,641,243	$290,971

WOODBURY FIREFIGHTERS' BENEFIT ASSOCIATI