CROOKED LAKE FIRE FIGHTERS RELIEF ASSOCIATION

EIN: 271643307 Public Safety

OUTING, MN

Total Revenue
$39,325
Total Expenses
$74,824
Total Assets
$301,309
Net Assets
$300,625
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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
1982
Principal Officer
BRIAN PALKOVICH
Phone
2187925759
Tax Period
2022-01-01 to 2022-12-31

CROOKED LAKE FIRE FIGHTERS RELIEF ASSOCIATION, founded in 1982, is a micro nonprofit in the Public Safety sector that reported $39K in total revenue in fiscal year 2022. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $75K exceeded revenue, resulting in a 90% operating deficit.

Mission

PROVIDE RETIREMENT BENEFITS FOR MEMBERS OF THE CROOKED LAKE FIRE DEPARTMENT.

Program Service Accomplishments

Program 1
Expenses: $66,102

MAINTAIN AND MANAGE FUNDS TO PROVIDE RETIREMENT AND/OR DISABILITY BENEFITS FOR 19 ACTIVE AND 1 INACTIVE MEMBERS. ONE PENSION WAS PAID OUT IN 2022.

Program 2
Expenses: $4,187

FOSTER MEMBER EDUCATION AND ACTIVITIES WITH MEETINGS, TRAINING, SUPPLIES AND MISCELLANEOUS EXPENSES FOR ACTIVE FIREFIGHTERS IN SERVICE TO CROOKED LAKE FIRE DEPARTMENT.

Program 3
Expenses: $2,129

RAISE FUNDS IN SUPPORT OF LOCAL GOVERNMENT ENTITIES, CHARITABLE ORGANIZATIONS, AND OTHERS BY SELLING PULLTABS UNDER STATE OF MN LICENSE.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $27,228
Program Service Revenue $0
Investment Income $6,118
Other Revenue $5,979
TOTAL REVENUE $39,325

Expense Breakdown

Grants Paid $6,166
Salaries & Benefits $2,000
Fundraising Expenses $0
Program Expenses $72,418
Other Expenses $7,658
TOTAL EXPENSES $74,824

Year-over-Year Comparison

2022 2021 Change
Revenue $39,325 $61,178 -0.4%
Expenses $74,824 $22,309 +2.4%
Net Income $-35,499 $38,869 -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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
20

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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHAWN HITE TRUSTEE N/A
Director
$0 $0 $0
ROBERT NAGLE TRUSTEE N/A
Director
$0 $0 $0
BRIAN OLDS VICE PRESIDE N/A
Officer Director
$0 $0 $0
BRIAN PALKOVICH PRESIDENT N/A
Officer Director
$0 $0 $0
KATIE USHERWOOD SECRETARY N/A
Officer Director
$0 $0 $0
NICHOLAS USHERWOOD TRUSTEE N/A
Director
$0 $0 $0
SEAN WALSH TREASURER N/A
Officer 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 No data No data No data No data
2022 $39,325 $74,824 $301,309 $-35,499
2021 $61,178 $22,309 $411,336 $38,869
2020 $40,534 $13,004 $340,577 $27,530
2019 $36,662 $15,752 $279,919 $20,910
2018 $34,757 $6,814 $222,712 $27,943
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