RANGE ASSOCIATION OF MUNICIPALITIES & SCHOOLS (EIN 410494365) - 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

1939

Legal Domicile

Principal Officer

PAT MEDURE

Phone

2187487651

Tax Period

2024-01-01 to 2024-12-31

RANGE ASSOCIATION OF MUNICIPALITIES & SCHOOLS, founded in 1939, is a small nonprofit that reported $303K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $56K, a strong 19% operating margin.

Mission

PROMOTE THE ECONOMIC DEVELOPMENT AND GENERAL WELFARE OF THE MUNICIPALITIES AND SCHOOL DISTRICTS LOCATED WITHIN THE IRON RANGE AREA OF NORTHEASTERN MINNESOTA.

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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 $280,828

Program Service Revenue $0

Investment Income $21,744

Other Revenue $0

TOTAL REVENUE $302,572

Expense Breakdown

Grants Paid $0

Salaries & Benefits $126,804

Fundraising Expenses $0

Program Expenses $182,459

Other Expenses $119,424

TOTAL EXPENSES $246,228

Year-over-Year Comparison

	2024	2023	Change
Revenue	$302,572	$242,494	+0.2%
Expenses	$246,228	$181,336	+0.4%
Net Income	$56,344	$61,158	-0.1%

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

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

Total Directors

$103,231

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL PELTIER	EXECUTIVE DIRECTOR	40.00	Director	$80,000	$23,231	$103,231
PAT MEDURE	PRESIDENT	0.75	Officer Director	$0	$0	$0
GLENN ANDERSON	VICE PRESIDENT	0.75	Officer Director	$0	$0	$0
BARB KALMI	SECRETARY/TREASURER	0.75	Officer Director	$0	$0	$0
DALE ADAMS	DIRECTOR	0.75	Officer Director	$0	$0	$0
RYAN DAVIES	DIRECTOR	0.50	Director	$0	$0	$0
BOB BERRINI	DIRECTOR	0.50	Director	$0	$0	$0
JIM FISHER	DIRECTOR	0.50	Director	$0	$0	$0
GARY FRIEDLIEB	DIRECTOR	0.50	Director	$0	$0	$0
SHANE HOFF	DIRECTOR	0.50	Director	$0	$0	$0
DAN GOETTE	DIRECTOR	0.50	Director	$0	$0	$0
MATT GROSE	DIRECTOR	0.50	Director	$0	$0	$0
PAUL KESS	DIRECTOR	0.50	Director	$0	$0	$0
PAMELA LAFRENIER	DIRECTOR	0.50	Director	$0	$0	$0
JULIE LUCAS	DIRECTOR	0.50	Director	$0	$0	$0
PHILLIP MEDURE	DIRECTOR	0.50	Director	$0	$0	$0
RON PITTMAN	DIRECTOR	0.50	Director	$0	$0	$0
CAL SAARI	DIRECTOR	0.50	Director	$0	$0	$0
WARREN STOLP	DIRECTOR	0.50	Director	$0	$0	$0
JOHN TUORILA	DIRECTOR	0.50	Director	$0	$0	$0
CHRIS KOIVISTO	DIRECTOR	0.50	Director	$0	$0	$0
DR RAE VILLEBRUN	DIRECTOR	0.50	Director	$0	$0	$0
CAL WARWAS	DIRECTOR	0.50	Director	$0	$0	$0
JIM WEIKUM	DIRECTOR	0.50	Director	$0	$0	$0
DAVID ZINS	DIRECTOR	0.50	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	$302,572	$246,228	$478,651	$56,344
2023	$242,494	$181,336	$422,926	$61,158
2022	$206,870	$188,829	$361,438	$18,041
2020	$204,105	$188,208	$335,452	$15,897
2019	$189,092	$187,246	$319,555	$1,846
2018	$176,399	$180,934	$317,709	$-4,535

RANGE ASSOCIATION OF MUNICIPALITIES & SCHOOLS