MCGREGOR FIRE DEPARTMENT RELIEF ASSOCIATION (EIN 061253061) - 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

1949

Legal Domicile

Principal Officer

PATRICK SELLERS

Phone

2189276111

Tax Period

2024-01-01 to 2024-12-31

MCGREGOR FIRE DEPARTMENT RELIEF ASSOCIATION, founded in 1949, is a micro nonprofit that reported $84K in total revenue in fiscal year 2024. Expenses of $126K exceeded revenue, resulting in a 51% operating deficit.

Mission

PROVIDE SUPPORT FOR THE MCGREGOR FIRE DEPARTMENT, ITS VOLUNTEER FIREFIGHTERS, AND THE 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $59,322

Program Service Revenue $0

Investment Income $1,024

Other Revenue $23,328

TOTAL REVENUE $83,674

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $123,677

Other Expenses $7,397

TOTAL EXPENSES $126,397

Year-over-Year Comparison

	2024	2023	Change
Revenue	$83,674	$-11,598	-8.2%
Expenses	$126,397	$3,057	+40.3%
Net Income	$-42,723	$-14,655	+1.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK SELLERS	PRESIDENT/CE	1.00	Officer Director	$0	$0	$0
JAKE KOEN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
PRESTON LEE	SECRETARY	1.00	Officer Director	$0	$0	$0
ALEX KOWITZ	TREASURER	1.00	Officer Director	$0	$0	$0
CALEB SORENSON	TRUSTEE	1.00	Director	$0	$0	$0
ZEREK MARSALA	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
2024	$83,674	$126,397	$1,460,228	$-42,723
2023	$-11,598	$3,057	$1,288,596	$-14,655
2022	$113,875	$43,032	$114,021	$70,843
2021	$-8,870	$254	$40,440	$-9,124
2020	$-806	$1,759	$38,542	$-2,565
2019	$9,842	$5,461	$45,792	$4,381
2018	$7,396	$2,159	$41,965	$5,237

MCGREGOR FIRE DEPARTMENT RELIEF ASSOCIATION