RANGE ASSOCIATION OF MUNICIPALITIES & SCHOOLS

EIN: 410494365

MOUNTAIN IRON, MN

Total Revenue
$302,572
Total Expenses
$246,228
Total Assets
$478,651
Net Assets
$478,108
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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
MN
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.

Program Service Accomplishments

Program 1
Expenses: $182,459 Revenue: $288,572

PROVIDE LEGISLATIVE LOBBYING, SEMINARS, WORKSHOPS, ECONOMIC DEVELOPMENT TO 55 MUNICIPALITIES, 15 SCHOOL DISTRICTS, AND 42 CORPORATE MEMBERS WITHIN THE IRON RANGE AREA OF NORTHEAST 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%)

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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

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Governance

Voting Members
24
Independent Members
24
Employees
2
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
$0
Total Directors
25
$103,231
Key Employees
0
$0
Highest Compensated
0
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
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