Inver Grove Heights Firefighters' Relief Association (EIN 416080046) - 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

1960

Legal Domicile

Principal Officer

Jacob McNamara

Phone

6513349263

Tax Period

2023-01-01 to 2023-12-31

Inver Grove Heights Firefighters' Relief Association, founded in 1960, is a small nonprofit in the Public Safety sector that reported $483K in total revenue in fiscal year 2023. Revenue surged 64% from the prior year, signaling strong growth momentum. Expenses of $736K exceeded revenue, resulting in a 52% operating deficit.

Mission

To provide administration of pension benefits to volunteer firefighters.

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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 $381,806

Program Service Revenue $0

Investment Income $101,396

Other Revenue $0

TOTAL REVENUE $483,202

Expense Breakdown

Grants Paid $2,700

Salaries & Benefits $8,867

Fundraising Expenses $0

Program Expenses $674,097

Other Expenses $56,781

TOTAL EXPENSES $736,319

Year-over-Year Comparison

	2023	2022	Change
Revenue	$483,202	$294,271	+0.6%
Expenses	$736,319	$103,736	+6.1%
Net Income	$-253,117	$190,535	-2.3%

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

$4,300

Total Directors

$4,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jacob McNamara	President	2.00	Officer Director	$1,133	$0	$1,133
Jamie Kukowski	Vice President	1.00	Officer Director	$334	$0	$334
Abigail Schmidt	Secretary	2.00	Officer Director	$1,333	$0	$1,333
Brian Jensen	Treasurer	2.00	Officer Director	$1,500	$0	$1,500
John Willhite	Trustee	1.00	Director	$200	$0	$200
Jesse Abbott	Trustee	1.00	Director	$200	$0	$200

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	$483,202	$736,319	$5,723,105	$-253,117
2022	$294,271	$103,736	$5,558,953	$190,535
2021	$914,097	$548,734	$5,989,402	$365,363
2020	$763,864	$809,375	$5,614,233	$-45,511
2019	$651,309	$913,805	$5,694,723	$-262,496
2018	$479,839	$311,542	$5,418,749	$168,297

Inver Grove Heights Firefighters' Relief Association