READMOND FRIENDSHIP & CROSS VILLAGE FIRE & RESCUE ASSOCIATION (EIN 382317381) - 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

1980

Legal Domicile

Principal Officer

CHELSEA HEALEY

Phone

2315262565

Tax Period

2023-01-01 to 2023-12-31

READMOND FRIENDSHIP & CROSS VILLAGE FIRE & RESCUE ASSOCIATION, founded in 1980, is a small nonprofit in the Public Safety sector that reported $554K in total revenue in fiscal year 2023. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $260K, a strong 47% operating margin.

Mission

TO ENSURE THE PROVISION OF EFFECTIVE AND EFFICIENT FIRE AND RESCUE SERVICE TO READMOND, FRIENDSHIP AND CROSS VILLAGE TOWNSHIPS IN EMMET COUNTY, MI.

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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 $110,536

Program Service Revenue $383,000

Investment Income $39,244

Other Revenue $20,816

TOTAL REVENUE $553,596

Expense Breakdown

Grants Paid $0

Salaries & Benefits $89,959

Fundraising Expenses $0

Program Expenses $283,110

Other Expenses $203,424

TOTAL EXPENSES $293,383

Year-over-Year Comparison

	2023	2022	Change
Revenue	$553,596	$346,935	+0.6%
Expenses	$293,383	$257,899	+0.1%
Net Income	$260,213	$89,036	+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

N/A

Volunteers

N/A

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

$1,600

Total Directors

$2,960

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AL DICKEN	DIRECTOR	1.00	Director	$160	$0	$160
CHRIS KRUPA	FIRE CHIEF	15.00	Director	$180	$0	$180
LARRY WALLEN	DIRECTOR	1.00	Director	$100	$0	$100
MARTY MACGREGOR	ASST FIRE CHIEF	2.00	Director	$140	$0	$140
RICK BOLTON	VICE PRESIDENT	3.00	Officer Director	$550	$0	$550
KEN KELSEY	DIRECTOR	1.00	Director	$200	$0	$200
JOHN BOOTH	DIRECTOR	1.00	Director	$40	$0	$40
LYNN DINNING	PRESIDENT	3.00	Officer Director	$550	$0	$550
CHELSEA HEALEY	TREASURER	10.00	Officer Director	$500	$0	$500
CRAIG RAPIN	DIRECTOR	1.00	Director	$220	$0	$220
JOE SERRANO	DIRECTOR	1.00	Director	$220	$0	$220
JOSH BAKER	DIRECTOR	1.00	Director	$100	$0	$100
MATT PORTER	SECRETARY	1.00	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
2023	$553,596	$293,383	$2,337,548	$260,213
2022	$346,935	$257,899	$2,078,496	$89,036
2021	$336,259	$259,742	$1,992,279	$76,517
2020	$335,458	$267,390	$1,921,762	$68,068
2019	$347,242	$314,060	$1,859,694	$33,182
2017	$374,748	$180,538	$1,725,658	$194,210

READMOND FRIENDSHIP & CROSS VILLAGE FIRE & RESCUE ASSOCIATION