FIREMENS RELIEF ASSNS OF MINN

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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

1945

Legal Domicile

Principal Officer

JON YESKE

Tax Period

2023-01-01 to 2023-12-31

FIREMENS RELIEF ASSNS OF MINN, founded in 1945, is a small nonprofit in the Mutual Benefit sector that reported $164K in total revenue in fiscal year 2023. Revenue surged 140% from the prior year, signaling strong growth momentum. The organization ran a surplus of $143K, a strong 87% operating margin.

Mission

TO PROVIDE RETIREMENT AND DISABILITY BENEFITS TO RETIRED FIREFIGHTERS AND LEND SUPPORT TO THE BARNESVILLE VOLUNTEER FIREFIGHTERS AND THE COMMUNITY AND SURROUNDING AREA.

Program Service Accomplishments

Program 1

Expenses: $20,944

PROVIDE RETIREMENT AND DISABILITY BENEFITS TO RETIRED FIREFIGHTERS.

Program 2

LEND SUPPORT TO THE BARNESVILLE VOLUNTEER FIREFIGHTERS, THE COMMUNITY AND SURROUNDING AREA.

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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 $66,354

Program Service Revenue $0

Investment Income $86,791

Other Revenue $11,118

TOTAL REVENUE $164,263

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,180

Fundraising Expenses $0

Program Expenses $20,944

Other Expenses $15,042

TOTAL EXPENSES $20,944

Year-over-Year Comparison

	2023	2022	Change
Revenue	$164,263	$68,585	+1.4%
Expenses	$20,944	$9,746	+1.1%
Net Income	$143,319	$58,839	+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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEREMY KRAUSE	SECRETARY	1.00	Director	$0	$0	$0
MICHAEL STETZ	PRESIDENT	2.00	Director	$0	$0	$0
DAVID GROMMESH	ASSISTANT FIRE CHIEF	1.00	Director	$0	$0	$0
KORY FROSLIE	TRUSTEE	1.00	Director	$0	$0	$0
DEAN JULSRUD JR	TRUSTEE	1.00	Officer Director	$0	$0	$0
JON YESKE	TRUSTEE	1.00	Officer Director	$0	$0	$0
ANDY BOYUM	CHIEF	1.00	Officer	$0	$0	$0
TONY KRAMER	TREASURER	4.00	Officer	$0	$0	$0
RYAN BEATTIE	SECRETARY	2.00	Officer	$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	$164,263	$20,944	$684,191	$143,319
2022	$68,585	$9,746	$577,374	$58,839
2021	$73,264	$38,986	$755,024	$34,278
2020	$83,543	$45,492	$696,742	$38,051
2019	$58,243	$14,054	$585,319	$44,189
2018	$38,107	$49,831	$464,904	$-11,724
2017	$51,613	$34,964	$524,587	$16,649
2016	$55,456	$16,699	$452,562	$38,757