MCGREGOR, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
PROVIDE SUPPORT FOR THE MCGREGOR FIRE DEPARTMENT, ITS VOLUNTEER FIREFIGHTERS, AND THE COMMUNITY.
FOSTER MEMBER ACTIVITIES FOR ACTIVE FIREFIGHTERS IN SERVICE TO MCGREGOR MN FIRE DEPT.
RAISE FUNDS IN SUPPORT OF LOCAL GOVERNMENT ENTITIES, SCHOOLS, CHARITIES AND COMMUNITY ACTIVITIES BY SELLING PULLTABS UNDER STATE OF MINNESOTA LICENSES. RESULTS OF THIS OPERATION ARE REPORTED ON PART...
RAISE FUNDS IN SUPPORT OF LOCAL GOVERNMENT ENTITIES, SCHOOLS, CHARITIES AND COMMUNITY ACTIVITIES BY SELLING PULLTABS UNDER STATE OF MINNESOTA LICENSES. RESULTS OF THIS OPERATION ARE REPORTED ON PART VIII LINE 9 AND PART IX LINES 1-5. (DOUBLE REPORTING OF GRANTS AND WAGES ARE REVERSED BY PART IX LINE 24 ENTRIES.)
MAINTAIN FUNDS WITH MN PUBLIC EMPLOYEE RETIREMENT ASSN TO PROVIDE MEMBERS WITH RETIREMENT AND DISABILITY BENEFITS.
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)| 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% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
Compare MCGREGOR FIRE DEPARTMENT RELIEF ASSOCIATION with other nonprofits in Minnesota and across the country.