MINOT FIRE DEPARTMENT RELIEF ASSOCIATION (EIN 456012795) - 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

1931

Legal Domicile

Principal Officer

DEVIN WALTER

Phone

7018574740

Tax Period

2024-01-01 to 2024-12-31

MINOT FIRE DEPARTMENT RELIEF ASSOCIATION, founded in 1931, is a small nonprofit that reported $403K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $96K, a strong 24% operating margin.

Mission

MUNICIPAL CORP CREATED BY STATE STATUTE FOR FIREMENS RETIREMENT & DISABILITY

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $308,874

Investment Income $93,997

Other Revenue $600

TOTAL REVENUE $403,471

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $280,760

Other Expenses $26,720

TOTAL EXPENSES $307,480

Year-over-Year Comparison

	2024	2023	Change
Revenue	$403,471	$353,540	+0.1%
Expenses	$307,480	$297,344	+0.0%
Net Income	$95,991	$56,196	+0.7%

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
MARK MATHIESON	SECRETARY	0.50	Officer Director	$0	$0	$0
DEVIN WALTER	TREASURER	0.50	Officer Director	$0	$0	$0
KYLE SCHILL	PRESIDENT	0.50	Officer Director	$0	$0	$0
CHRIS ABERLE	TRUSTEE	0.50	Director	$0	$0	$0
PAUL LASKOWSKI	VICE PRESIDENT/TRUSTEE	0.50	Officer 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	$403,471	$307,480	$2,791,530	$95,991
2023	$353,540	$297,344	$2,521,518	$56,196
2022	$282,169	$255,346	$2,267,513	$26,823
2021	$240,802	$253,153	$2,632,402	$-12,351
2020	$214,573	$246,565	$2,446,941	$-31,992
2019	$237,210	$233,799	$2,358,551	$3,411
2018	$201,614	$227,889	$2,048,130	$-26,275

MINOT FIRE DEPARTMENT RELIEF ASSOCIATION