HAYFIELD, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2018 | $63,237 | $68,536 | $550,710 | $-5,299 |
Compare HAYFIELD FIREMENS RELIEF ASSOC with other nonprofits in Minnesota and across the country.