MADISON FIRE DEPARTMENT RELIEF ASSOCIATION (EIN 911976401) - 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

1955

Legal Domicile

Principal Officer

BRADY THOMSON

Phone

3205987448

Tax Period

2023-01-01 to 2023-12-31

MADISON FIRE DEPARTMENT RELIEF ASSOCIATION, founded in 1955, is a micro nonprofit in the Mutual Benefit sector that reported $71K in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. Net assets of $692K represent 117 months of operating reserves.

Mission

PROVIDE BENEFITS FOR FIREFIGHTERS

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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 (2023)

Revenue Breakdown

Contributions & Grants $29,890

Program Service Revenue $0

Investment Income $0

Other Revenue $41,083

TOTAL REVENUE $70,973

Expense Breakdown

Grants Paid $1,963

Salaries & Benefits $450

Fundraising Expenses $0

Program Expenses $76,638

Other Expenses $8,291

TOTAL EXPENSES $77,454

Year-over-Year Comparison

	2023	2022	Change
Revenue	$70,973	$49,158	+0.4%
Expenses	$77,454	$54,791	+0.4%
Net Income	$-6,481	$-5,633	+0.2%

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
ZACH FLICKINGER	TRUSTEE	1.00	Director	$0	$0	$0
JAMIE JAHN	TRUSTEE	1.00	Director	$0	$0	$0
JON PEARSON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JARED RAKOW	TREASURER	1.00	Officer Director	$0	$0	$0
BRADY THOMSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
DON TWEET	SECRETARY	1.00	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	No data	No data	No data	No data
2023	$70,973	$77,454	$692,348	$-6,481

MADISON FIRE DEPARTMENT RELIEF ASSOCIATION