HAYFIELD FIREMENS RELIEF ASSOC

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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

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

Program Service Accomplishments

Program 1

Expenses: $68,245 Revenue: $30,195

THE ORGANIZATION HOLDS AN ANNUAL WALK-RUN EVENT, AN ANNUAL CHICKEN FRY WITH OTHER ACTIVITIES, ANNUAL PANCAKE BREAKFAST AND A CHILI FEED THE ORGANIZATION ALSO SENDS OUT LETTERS TO THE COMMUNITY...

THE ORGANIZATION HOLDS AN ANNUAL WALK-RUN EVENT, AN ANNUAL CHICKEN FRY WITH OTHER ACTIVITIES, ANNUAL PANCAKE BREAKFAST AND A CHILI FEED THE ORGANIZATION ALSO SENDS OUT LETTERS TO THE COMMUNITY ANNUALLY ASKING FOR DONATIONS TO SUPPORT THE FIRE DEPARTMENT'S PROGRAMS AND EQUIPMENT NEEDS. THEY ALSO HAVE AN ANNUAL GOLF TOURNAMENT.

Program 2

Expenses: $0 Revenue: $0

THE ORGANIZATION RECEIVES GRANTS FROM THE STATE OF MN FOR ASSISTANCE WITH PAYING OUT PENSIONS FOR RETIRED FIREMEN

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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 (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

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

$2,880

Total Directors

$520

Key Employees

Highest Compensated

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