MAPLE GROVE FIREFIGHTERS RELIEF ASSOCIATION

EIN: 416201680

MAPLE GROVE, MN

Total Revenue
$2,844,715
Total Expenses
$2,610,700
Total Assets
$19,510,357
Net Assets
$19,510,159
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
MN
Principal Officer
RJ POTTER
Phone
6129407199
Tax Period
2024-01-01 to 2024-12-31

MAPLE GROVE FIREFIGHTERS RELIEF ASSOCIATION, founded in 1976, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $2.6M left a modest 8% surplus.

Mission

RECEIVE AND MANAGE PUBLIC MONEY FOR THE PURPOSE OF PROVIDING RETIREMENT BENEFITS FOR INDIVIDUALS PROVIDING THE GOVERNMENTAL SERVICES OF FIREFIGHTING.

Program Service Accomplishments

Program 1
Expenses: $2,444,057

THE MAPLE GROVE FIREFIGHTERS RELIEF ASSOCIATION (MGFRA) MANAGES A DEFINED CONTRIBUTION PENSION THAT PAYS A LUMP SUM SERVICE PENSION BASED ON A RETIRING FIREFIGHTER'S ACCOUNT BALANCE.

Program 2
Expenses: $142,363

THE MGFRA AWARDS GRANTS ON AN ANNUAL BASIS, EXAMPLES INCLUDE: A CITY GOVERNMENT THAT SUPPORTS ITS FIREFIGHTERS IN CARDIAC AND CANCER SUPPORT, FOOD SHELVES, COMMUNITY AGENCIES SUPPORTING THE RESIDENTS...

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THE MGFRA AWARDS GRANTS ON AN ANNUAL BASIS, EXAMPLES INCLUDE: A CITY GOVERNMENT THAT SUPPORTS ITS FIREFIGHTERS IN CARDIAC AND CANCER SUPPORT, FOOD SHELVES, COMMUNITY AGENCIES SUPPORTING THE RESIDENTS OF THE CITY OF MAPLE GROVE, AND INDIVIDUALS TO PAY FOR MEDICAL EXPENSES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,043,919
Program Service Revenue $0
Investment Income $1,558,236
Other Revenue $242,560
TOTAL REVENUE $2,844,715

Expense Breakdown

Grants Paid $142,363
Salaries & Benefits $2,395,850
Fundraising Expenses $0
Program Expenses $2,586,420
Other Expenses $72,487
TOTAL EXPENSES $2,610,700

Year-over-Year Comparison

2024 2023 Change
Revenue $2,844,715 $2,000,391 +0.4%
Expenses $2,610,700 $1,374,593 +0.9%
Net Income $234,015 $625,798 -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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
24
Volunteers
178

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
2
$9,112
Total Directors
9
$20,288
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER BAKER PRESIDENT 6.00
Officer Director
$4,556 $0 $4,556
JEFFREY WOODBURY TREASURER 6.00
Officer Director
$4,556 $0 $4,556
JEFF HENDEL TRUSTEE 2.00
Director
$1,993 $0 $1,993
ADITI SEGER TRUSTEE 2.00
Director
$1,993 $0 $1,993
TIM BUSH EX-OFFICIO (FIRE CHIEF) 0.50
Director
$0 $0 $0
GREG STICHA EX-OFFICIO (FINANCE DIRECT 0.50
Director
$0 $0 $0
MARK STEFFENSON EX-OFFICIO (MAYOR) 0.00
Director
$0 $0 $0
SEAN CULLAN SECRETARY 6.00
Director
$4,556 $0 $4,556
SHEILA MANELLI VICE PRESIDENT 2.00
Director
$2,634 $0 $2,634
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 $2,844,715 $2,610,700 $19,510,357 $234,015
2023 $2,000,391 $1,374,593 $18,264,617 $625,798
2022 $2,718,005 $1,521,445 $16,175,265 $1,196,560
2021 $3,472,743 $3,096,847 $20,091,151 $375,896
2020 $1,421,021 $3,382,122 $19,471,502 $-1,961,101
2019 $1,627,384 $1,112,727 $19,299,554 $514,657
2018 $2,102,043 $850,721 $15,966,732 $1,251,322
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