Albertville Fire Department Relief Association (EIN 931110906) - 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

1971

Legal Domicile

Principal Officer

Matt Minette

Phone

6125981468

Tax Period

2023-01-01 to 2023-12-31

Albertville Fire Department Relief Association, founded in 1971, is a small nonprofit that reported $214K in total revenue in fiscal year 2023. Revenue surged 116% from the prior year, signaling strong growth momentum. Expenses of $1.2M exceeded revenue, resulting in a 479% operating deficit.

Mission

To provide retirement benefits to volunteer 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 $158,169

Program Service Revenue $0

Investment Income $52,193

Other Revenue $3,620

TOTAL REVENUE $213,982

Expense Breakdown

Grants Paid $626

Salaries & Benefits $1,498

Fundraising Expenses $0

Program Expenses $1,227,787

Other Expenses $1,086,537

TOTAL EXPENSES $1,238,893

Year-over-Year Comparison

	2023	2022	Change
Revenue	$213,982	$99,019	+1.2%
Expenses	$1,238,893	$94,813	+12.1%
Net Income	$-1,024,911	$4,206	-244.7%

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

$1,498

Total Directors

$1,498

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Darrick Asleson	President	2.00	Officer Director	$300	$0	$300
Jake Kreutner	Vice President	2.00	Officer Director	$0	$0	$0
Gerald Gerads	Secretary	2.00	Officer Director	$599	$0	$599
Matt Minette	Treasurer	2.00	Officer Director	$599	$0	$599
Josh Eull	Trustee	1.00	Director	$0	$0	$0
Kenny Schmidt	Trustee	1.00	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
2023	$213,982	$1,238,893	$83,292	$-1,024,911
2022	$99,019	$94,813	$1,049,770	$4,206
2021	$255,740	$154,280	$1,154,366	$101,460
2020	$124,459	$88,413	$1,086,784	$36,046
2019	$226,333	$174,141	$980,201	$52,192
2018	$195,699	$43,496	$897,094	$152,203

Albertville Fire Department Relief Association