MAZEPPA FIREFIGHTERS RELIEF ASSOCI… - Form 990 Financial Data

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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

1984

Legal Domicile

Phone

5072613719

Tax Period

2024-01-01 to 2024-12-31

MAZEPPA FIREFIGHTERS RELIEF ASSOCIATION, founded in 1984, is a small nonprofit in the Mutual Benefit sector that reported $106K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $91K, a strong 86% operating margin.

Mission

THE RELIEF ASSOCIATION PROVIDES PENSION AND OTHER FINANCIAL ASSISTANCE TO THE 25 PAST AND PRESENT MEMBERS OF THE MAZEPPA VOLUNTEER FIRE DEPARTMENT RELIEF ASSOCIATION.

Program Service Accomplishments

Program 1

Expenses: $15,269

THE RELIEF ASSOCIATION PROVIDES PENSION AND OTHER FINANCIAL ASSISTANCE TO THE 25ACTIVE AND RETIRED MEMBERS OF THE MAZEPPA VOLUNTEER FIRE DEPARTMENT RELIEF ASSOCIATION

Program 2

THE LAWFUL GAMBLING OPERATION CONTRIBUTES TO OTHER NONPROFITS AND THE NEEDY AS ALLOWED BY MN GAMBLING CONTROL BOARD.

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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 $1,581

Program Service Revenue $84,618

Investment Income $1,788

Other Revenue $18,138

TOTAL REVENUE $106,125

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,700

Fundraising Expenses $0

Program Expenses $15,269

Other Expenses $13,569

TOTAL EXPENSES $15,269

Year-over-Year Comparison

	2024	2023	Change
Revenue	$106,125	$91,184	+0.2%
Expenses	$15,269	$18,996	-0.2%
Net Income	$90,856	$72,188	+0.3%

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

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
JEFF SOMMERFIELD	Trustee	12.00	Director	$0	$0	$0
ELLEN LEXVOLD	GAMBLING MGR	12.00	Director	$0	$0	$0
PAUL GOETSCH	Trustee	2.00	Director	$0	$0	$0
BRANDON GORANSON	Treasurer	6.00	Officer	$0	$0	$0
STEVE GOODENOUGH	President	2.00	Officer	$0	$0	$0
CHRISTIAN MONSRUD	Secretary	4.00	Officer	$0	$0	$0
DAN NELSON	Vice President	2.00	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	$106,125	$15,269	$560,599	$90,856
2023	$91,184	$18,996	$468,224	$72,188
2022	$-49,828	$9,291	$403,399	$-59,119
2021	$155,734	$9,632	$463,086	$146,102
2020	$27,262	$49,254	$315,989	$-21,992
2018	$83,963	$127,168	$304,286	$-43,205

MAZEPPA FIREFIGHTERS RELIEF ASSOCIATION