Willow River Firefighters Relief As

EIN: 800676057 Mutual Benefit

Willow River, MN

Total Revenue
$123,323
Total Expenses
$36,120
Total Assets
$669,942
Net Assets
$359,252
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
MN
Phone
2183901616
Tax Period
2024-01-01 to 2024-12-31

Willow River Firefighters Relief As, founded in 1988, is a small nonprofit in the Mutual Benefit sector that reported $123K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $87K, a strong 71% operating margin.

Mission

FIRE RELIEF ASSOCIATION TO PROVIDE RETIREMENT BENEFITS FOR CITY OF WILLOW RIVER VOLUNTEER FIREFIGHTERS AND EMERGENCY MEDICAL TECHNICIANS.

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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 $48,942
Program Service Revenue $0
Investment Income $74,381
Other Revenue $0
TOTAL REVENUE $123,323

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $14,626
Program Expenses $19,044
Other Expenses $36,120
TOTAL EXPENSES $36,120

Year-over-Year Comparison

2024 2023 Change
Revenue $123,323 $113,140 +0.1%
Expenses $36,120 $32,760 +0.1%
Net Income $87,203 $80,380 +0.1%
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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
13

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
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Frederick Borchardt Treasurer 0.00
Officer
$0 $0 $0
Rick Frentress President 0.00
Officer
$0 $0 $0
Shawn Eckerman Secretary 0.00
Officer
$0 $0 $0
Rick Youngberg Vice President 0.00
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 $123,323 $36,120 $669,942 $87,203
2023 $113,140 $32,760 $563,731 $80,380
2022 $46,916 $110,636 $467,850 $-63,720
2021 $97,506 $98,944 $503,237 $-1,438
2020 $71,669 $11,018 $413,560 $60,651
2019 $85,452 $23,909 $356,768 $61,543
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