READMOND FRIENDSHIP & CROSS VILLAGE FIRE & RESCUE ASSOCIATION

EIN: 382317381 501(c)(3) Public Safety

HARBOR SPRINGS, MI

Total Revenue
$553,596
Total Expenses
$293,383
Total Assets
$2,337,548
Net Assets
$2,337,119
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
MI
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.

Program Service Accomplishments

Program 1
Expenses: $283,110 Revenue: $383,000

OPERATED VOLUNTEER FIRE FIGHTING AND RESCUE ORGANIZATION TO SERVE THE TOWNSHIPS OF READMOND, FRIENDSHIP AND CROSS VILLAGE IN EMMET COUNTY, MICHIGAN.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
13
Independent Members
13
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
4
$1,600
Total Directors
13
$2,960
Key Employees
0
$0
Highest Compensated
0
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
Explore More Nonprofits
→Top 100 Nonprofits in Michigan →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare READMOND FRIENDSHIP & CROSS VILLAGE FIRE & RESCUE ASSOCIATION with other nonprofits in Michigan and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.