HAYFIELD FIREMENS RELIEF ASSOC

EIN: 931063876

HAYFIELD, MN

Total Revenue
$63,237
Total Expenses
$68,536
Total Assets
$550,710
Net Assets
$549,809
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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
1953
Legal Domicile
MN
Principal Officer
PAUL O'BRIEN
Phone
5074773535
Tax Period
2018-01-01 to 2018-12-31

HAYFIELD FIREMENS RELIEF ASSOC, founded in 1953, is a micro nonprofit that reported $63K in total revenue in fiscal year 2018. Revenue fell 30% from the prior year — a significant decline worth monitoring. Net assets of $550K represent 104 months of operating reserves.

Mission

THE ORGANIZATION IS SET UP TO GIVE FINANCIAL RELIEF FOR VOLUNTEER FIREMENT WITH 10+ YEARS OF SERVICE AT RETIREMENT AND/OR DISABILITY. IT ALSO HOLDS COMMUNITY

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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 (2018)

Revenue Breakdown

Contributions & Grants $29,264
Program Service Revenue $0
Investment Income $3,778
Other Revenue $30,195
TOTAL REVENUE $63,237

Expense Breakdown

Grants Paid $2,100
Salaries & Benefits $11,590
Fundraising Expenses $0
Program Expenses $68,245
Other Expenses $19,834
TOTAL EXPENSES $68,536

Year-over-Year Comparison

2018 2017 Change
Revenue $63,237 $89,841 -0.3%
Expenses $68,536 $63,067 +0.1%
Net Income $-5,299 $26,774 -1.2%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
30

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
5
$2,880
Total Directors
4
$520
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NEIL BAUMAN PRESIDENT 2.00
Officer
$0 $240 $240
KIRK LINBO VICE PRESIDENT 1.00
Officer
$0 $240 $240
LEE GUNDERSON TREASURER 2.00
Officer
$0 $330 $330
MARK CARLSON SECRETARY 2.00
Officer
$0 $320 $320
PAUL O'BRIEN FIRE CHIEF 2.00
Officer
$1,750 $0 $1,750
LORI KINDSCHY EX-OFFICIO CITY CLERK 1.00
Director
$0 $0 $0
RICH FJERSTAD EX-OFFICIO MAYOR 1.00
Director
$0 $0 $0
VINCE REYNOLDS TRUSTEE 0.00
Director
$0 $260 $260
STEVEN ZIEGLER TRUSTEE 0.00
Director
$0 $260 $260
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
2018 $63,237 $68,536 $550,710 $-5,299
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