Fairmont Fire Department Relief Assoc (EIN 416080037) - 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

1896

Legal Domicile

Principal Officer

Roger Carlson

Phone

5072365056

Tax Period

2023-01-01 to 2023-12-31

Fairmont Firefighters Relief Assoc, founded in 1896, is a small nonprofit in the Public Safety sector that reported $174K in total revenue in fiscal year 2018. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $224K exceeded revenue, resulting in a 29% operating deficit.

Mission

To provide retirement benefits and fundraising for the City's fire department.

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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 $165,700

Program Service Revenue $0

Investment Income $85,303

Other Revenue $135,299

TOTAL REVENUE $386,302

Expense Breakdown

Grants Paid $49,135

Salaries & Benefits $8,590

Fundraising Expenses $0

Program Expenses $106,389

Other Expenses $32,425

TOTAL EXPENSES $122,540

Year-over-Year Comparison

	2023	2022	Change
Revenue	$386,302	$278,136	+0.4%
Expenses	$122,540	$241,326	-0.5%
Net Income	$263,762	$36,810	+6.2%

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

$6,130

Total Directors

$27,370

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James Freeman	President	1.00	Officer Director	$550	$0	$550
Tom Hilpipre	Vice President	1.00	Officer Director	$550	$0	$550
Tim Miller	Secretary	2.00	Officer Director	$1,030	$0	$1,030
Roger Carlson	Treasurer	4.00	Officer Director	$4,000	$0	$4,000
Brandon Scott	Trustee & Gambling Manager	7.00	Director	$18,550	$0	$18,550
Matt Streit	Trustee	1.00	Director	$2,690	$0	$2,690

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	$386,302	$122,540	$2,539,402	$263,762
2022	$278,136	$241,326	$2,027,370	$36,810
2021	$289,224	$229,701	$2,346,890	$59,523
2020	$214,457	$333,901	$2,021,637	$-119,444
2019	$165,205	$64,228	$1,936,823	$100,977
2018	$173,663	$223,920	$1,544,372	$-50,257

Fairmont Fire Department Relief Assoc