FIREMENS RELIEF ASSNS OF MINN GARFIELD ASSN (EIN 416080038) - 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

1972

Legal Domicile

Principal Officer

KEITH E RAMSAY

Phone

3204914731

Tax Period

2023-01-01 to 2023-12-31

FIREMENS RELIEF ASSNS OF MINN GARFIELD ASSN, founded in 1972, is a small nonprofit that reported $123K in total revenue in fiscal year 2023. Revenue surged 75% from the prior year, signaling strong growth momentum. Expenses of $106K left a modest 14% surplus.

Mission

TO PAY ITS MEMBERS IN CASE OF SICKNESS, DISABILITIY, DEATH, AND RETIREMENT FROM ACTIVE SERVICE AS A VOLUNTEER FIREFIGHTER. THE ORGANIZATION IS A MINNESOTA NON PROFIT WITH TWENTY-SIX ACTIVE MEMBERS.

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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 $74,435

Program Service Revenue $0

Investment Income $40,632

Other Revenue $7,704

TOTAL REVENUE $122,771

Expense Breakdown

Grants Paid $5,575

Salaries & Benefits $0

Fundraising Expenses $10,251

Program Expenses $95,362

Other Expenses $16,782

TOTAL EXPENSES $105,613

Year-over-Year Comparison

	2023	2022	Change
Revenue	$122,771	$69,973	+0.8%
Expenses	$105,613	$30,647	+2.4%
Net Income	$17,158	$39,326	-0.6%

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

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
CHAD PERRY	PRESIDENT	001.00	Officer Director	$0	$0	$0
JASON TILESKJOR	VICE PRESIDENT	001.00	Officer Director	$0	$0	$0
BEN JOHNSON	SECRETARY	001.00	Officer Director	$0	$0	$0
KEITH RAMSEY	TREASURER	005.00	Officer Director	$0	$0	$0
ADAM BAUMAN	TRUSTEE	000.50	Director	$0	$0	$0
KYLE NIELAND	TRUSTEE	000.50	Director	$0	$0	$0
ERIC RIEBER	FIRE CHIEF	000.50	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
2024	No data	No data	No data	No data
2023	$122,771	$105,613	$860,325	$17,158
2022	$69,973	$30,647	$783,486	$39,326
2021	$127,778	$93,426	$826,371	$34,352
2020	$110,027	$38,181	$792,019	$71,846
2019	$134,143	$33,433	$720,173	$100,710
2018	$44,941	$57,611	$619,481	$-12,670

FIREMENS RELIEF ASSNS OF MINN GARFIELD ASSN