Henderson Fire Department Relief Association (EIN 416157157) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1920

Legal Domicile

Principal Officer

Eric Helgason

Phone

5072483556

Tax Period

2023-01-01 to 2023-12-31

Henderson Fire Department Relief Association, founded in 1920, is a small nonprofit in the Mutual Benefit sector that reported $132K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $50K, a strong 38% operating margin.

Mission

To provide administration of retirement benefits to volunteer firefighters.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $34,733

Program Service Revenue $0

Investment Income $26,857

Other Revenue $70,872

TOTAL REVENUE $132,462

Expense Breakdown

Grants Paid $71,408

Salaries & Benefits $3,800

Fundraising Expenses $0

Program Expenses $72,263

Other Expenses $7,397

TOTAL EXPENSES $82,605

Year-over-Year Comparison

	2023	2022	Change
Revenue	$132,462	$118,856	+0.1%
Expenses	$82,605	$76,693	+0.1%
Net Income	$49,857	$42,163	+0.2%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$3,800

Total Directors

$3,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eric Helgason	President	1.00	Officer Director	$400	$0	$400
Eric Rice	Vice President	1.00	Officer Director	$200	$0	$200
Casey Herrmann	Secretary	2.00	Officer Director	$1,600	$0	$1,600
Cody Boelter	Treasurer	2.00	Officer Director	$1,600	$0	$1,600
Bryan Petzel	Trustee	1.00	Director	$0	$0	$0
Adam Conrad	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	$132,462	$82,605	$483,586	$49,857
2022	$118,856	$76,693	$417,247	$42,163
2021	$171,148	$119,833	$450,653	$51,315
2020	$89,492	$46,636	$374,136	$42,856
2019	$1,141	$70,233	$295,507	$-69,092
2018	$70,423	$41,235	$332,450	$29,188

Henderson Fire Department Relief Association