FIREMENS RELIEF ASSNS OF MINN LANESBORO ASSOCIATION (EIN 416080049) - 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

1965

Legal Domicile

Principal Officer

CHASE BAKKE

Phone

5072083164

Tax Period

2023-01-01 to 2023-12-31

FIREMENS RELIEF ASSNS OF MINN LANESBORO ASSOCIATION, founded in 1965, is a micro nonprofit that reported $54K in total revenue in fiscal year 2023. The organization ran a surplus of $41K, a strong 77% operating margin.

Mission

THE ASSOCIATION IS THE ADMINISTRATOR OF A SINGLE-EMPLOYER DEFINED BENEFIT PENSION PLAN AVAILABLE TO VOLUNTEER FIREFIGHTERS IN LANEBORO, MN.

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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 $24,882

Program Service Revenue $0

Investment Income $19,099

Other Revenue $9,566

TOTAL REVENUE $53,547

Expense Breakdown

Grants Paid $150

Salaries & Benefits $0

Fundraising Expenses $6,555

Program Expenses $5,621

Other Expenses $12,026

TOTAL EXPENSES $12,176

Year-over-Year Comparison

	2023	2022	Change
Revenue	$53,547	$50,632	+0.1%
Expenses	$12,176	$8,047	+0.5%
Net Income	$41,371	$42,585	0.0%

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

$4,255

Total Directors

$9,055

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHASE BAKKE	PRESIDENT	5.00	Officer Director	$4,255	$0	$4,255
JEFF NORBY	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
BLAINE HARMON	TREASURER	5.00	Officer Director	$0	$0	$0
KENNETH GRANER	SECRETARY	5.00	Officer Director	$0	$0	$0
ROB WAGNER	TRUSTEE	10.00	Director	$4,800	$0	$4,800
MITCHELL WALBRIDGE	TRUSTEE	1.00	Director	$0	$0	$0
CODY HUNGERHOLT	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT STROM	TRUSTEE	1.00	Director	$0	$0	$0
COLIN BAKKE	TRUSTEE	1.00	Director	$0	$0	$0
TONY SEMMEN	TRUSTEE	1.00	Director	$0	$0	$0
MARK LAWSTUEN	TRUSTEE	1.00	Director	$0	$0	$0
MATT SCHNEBLY	TRUSTEE	1.00	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	$53,547	$12,176	$557,652	$41,371
2022	$50,632	$8,047	$482,075	$42,585
2021	$28,885	$19,349	$491,844	$9,536
2020	$35,076	$4,427	$417,038	$30,649
2019	$115,844	$131,554	$375,610	$-15,710

FIREMENS RELIEF ASSNS OF MINN LANESBORO ASSOCIATION