LAKE CRYSTAL FIREMEN'S RELIEF ASSOCIATION (EIN 460005294) - 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

1950

Legal Domicile

Principal Officer

ED BETZ

Phone

5077262440

Tax Period

2024-01-01 to 2024-12-31

LAKE CRYSTAL FIREMEN'S RELIEF ASSOCIATION, founded in 1950, is a micro nonprofit that reported $98K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $23K, a strong 24% operating margin.

Mission

SEE PAGE 2, PART III, LINE 1

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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 $65,425

Program Service Revenue $0

Investment Income $20,577

Other Revenue $12,097

TOTAL REVENUE $98,099

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $47,000

Other Expenses $27,935

TOTAL EXPENSES $74,935

Year-over-Year Comparison

	2024	2023	Change
Revenue	$98,099	$90,725	+0.1%
Expenses	$74,935	$23,447	+2.2%
Net Income	$23,164	$67,278	-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

Volunteers

N/A

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
DAVE CARLSON	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM GRIMES	TRUSTEE	1.00	Director	$0	$0	$0
STEVE ANDERSON	TREASURER	1.00	Officer	$0	$0	$0
ED BETZ	PRESIDENT	1.00	Officer	$0	$0	$0
JUSTIN FAHEY	SECRETARY	1.00	Officer	$0	$0	$0
DALE SCHMIDT	VICE PRESDIE	1.00	Officer	$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	$98,099	$74,935	$887,232	$23,164
2023	$90,725	$23,447	$821,056	$67,278
2022	$17,998	$138,151	$770,241	$-120,153
2021	$232,606	$99,822	$975,137	$132,784
2020	$156,190	$215,764	$833,271	$-59,574
2019	$147,854	$107,174	$912,859	$40,680
2018	$141,200	$144,254	$804,664	$-3,054

LAKE CRYSTAL FIREMEN'S RELIEF ASSOCIATION