ALTURA FIRE RELIEF ASSOCIATION (EIN 416080023) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1909

Legal Domicile

Principal Officer

LANDON KREIDERMACHER

Phone

5074295353

Tax Period

2023-01-01 to 2023-12-31

ALTURA FIRE RELIEF ASSOCIATION is a 501(c)(3) with EIN 416080023, based in ALTURA, MN. Founded in 1909, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $33,229 in total revenue and $40,160 in total expenses, with net assets of $250,663.

Mission

THE ASSOCIATION PROVIDES FIRE RESCUE AND RELIEF IN ALTURA AND THE SURROUNDING AREA ON A 24/7 BASIS. THERE ARE 25 ACTIVE MEMBERS. FUNDRAISING FOR THE ASSOCIATION IS MAINLY THROUGH A LAWFUL GAMBLING FUND.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $275

Program Service Revenue $15,081

Investment Income $7,522

Other Revenue $10,351

TOTAL REVENUE $33,229

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $37,250

Other Expenses $40,160

TOTAL EXPENSES $40,160

Year-over-Year Comparison

	2023	2022	Change
Revenue	$33,229	$25,638	+0.3%
Expenses	$40,160	$7,518	+4.3%
Net Income	$-6,931	$18,120	-1.4%

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

$21,270

Total Directors

$21,270

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LANDON KREIDERMACHER	PRESIDENT	2.00	Officer Director	$0	$0	$0
DON SKAPPEL	VICE PRESIDENT	2.00	Officer Director	$1,470	$0	$1,470
BRAD ROMINE	SECRETARY	2.00	Officer Director	$0	$0	$0
BEAU PASCHE	TREASURER	2.00	Officer Director	$0	$0	$0
RYAN KREIDERMACHER	DIRECTOR	1.00	Director	$0	$0	$0
MIKE KREIDERMACHER	DIRECTOR	1.00	Director	$0	$0	$0
ADAM GUDMUNDSON	GAMBLING MANAGER	25.00	Officer Director	$19,800	$0	$19,800

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	$33,229	$40,160	$384,173	$-6,931
2022	$25,638	$7,518	$355,943	$18,120
2021	$58,698	$30,918	$391,155	$27,780
2020	$33,204	$1,925	$329,297	$31,279
2019	$38,038	$15,080	$244,821	$22,958
2018	$31,099	$20,850	$221,863	$10,249

ALTURA FIRE RELIEF ASSOCIATION