Hector Volunteer Fire Department Relief Association

Nonprofit profile at a glance

EIN
411683436
IRS 990 coverage
2011–2025
Forms available
Form 990 2025, Form 990-T 2025
Location
Hector, MN, USA
Phone
3208486676
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Federated Giving Programs

Reported finances

Revenue
$66,730
Expenses
$44,075
Assets
$1,857,252
Liabilities
$5,080

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • DOUG BEST (PRESIDENT)

Highest reported compensation

  • DAVE WILKINSON (GAMBLING TRE): $2,309 total reported compensation
  • ANDREW WEGSCHEID (GAMBLING MAN): $1,847 total reported compensation
  • MICHAEL OVITT (GAMBLING ASS): $693 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide service pensions to volunteer firemen.

What it reported doing in 2025

The organization receives funding for the pension fund from the state of Minnesota and the city of hector. When requested and requirements are met, the organization pays pensions to retired volunteer firemen.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 59% for direct work, and 41% for member benefits.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 59
  • Transparency & Controls: 90
  • Accountability: 70
  • Sustainability: 68
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 51%; rating input score 51
  • Program expense ratio: 77.2%; rating input score 77
  • Fundraising efficiency: $8.65 raised per $1 spent on fundraising; rating input score 49; 49th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 34%; rating input score 79; 79th percentile among comparable filings
  • Total-asset coverage ratio: 42.14; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 26; 26th percentile among comparable filings
  • Officer compensation ratio: 11%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: 10.8% per year; rating input score 100; 74th percentile among comparable filings
  • Revenue growth: 8.3% per year; rating input score 100; 83rd percentile among comparable filings
  • Asset growth: 9.2% per year; rating input score 100; 75th percentile among comparable filings

Details

  • Where the money goes: 51% of revenue deployed · 77.2% of spending went to programs
  • Governance: 9 of 9 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $34K in reported program spending
  • Leadership: top reported pay $2K · 12 people listed
  • Consistency: 22 of 22 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 15 filing years from 2011 to 2025
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 51/100.
  • High — Accountability: Governance controls: 4 of 6 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 49/100.
  • High — Sustainability: Officer compensation ratio scored 12/100.
  • High — Sustainability: Liabilities to assets ratio scored 26/100.