CROSSLAKE FIREFIGHTER'S RELIEF ASSN

EIN: 411340762

CROSSLAKE, MN

Total Revenue
$197,999
Total Expenses
$354,576
Total Assets
$1,389,134
Net Assets
$1,389,134
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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
1970
Legal Domicile
MN
Principal Officer
JOSEPH CHASE
Phone
2186922688
Tax Period
2024-01-01 to 2024-12-31

CROSSLAKE FIREFIGHTER'S RELIEF ASSN, founded in 1970, is a small nonprofit that reported $198K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $355K exceeded revenue, resulting in a 79% operating deficit.

Mission

TO ACCUMULATE, MAINTAIN, AND MANAGE FUNDS FOR RETIREMENT BENEFITS FOR MEMBERS WHO ARE VOLUNTEER FIREFIGHTERS OF THE CROSSLAKE FIRE DEPARTMENT.

Program Service Accomplishments

Program 1
Expenses: $287,874

ACCUMULATE, MAINTAIN, AND MANAGE FUNDS FOR RETIREMENT BENEFITS FOR MEMBERS WHO ARE VOLUNTEER FIREFIGHTERS OF THE CROSSLAKE FIRE DEPARTMENT. BENEFITS WERE PAID OUT TO RETIREES IN 2024.

Program 2
Expenses: $66,702

FOSTER MEMBER EDUCATION AND ACTIVITIES WITH MEETINGS, TRAINING, SUPPLIES AND MISCELLANEOUS EXPENSES FOR FIREFIGHTERS IN SERVICE TO CROSSLAKE FIRE DEPT.

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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 $160,191
Program Service Revenue $0
Investment Income $33,367
Other Revenue $4,441
TOTAL REVENUE $197,999

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,600
Fundraising Expenses $0
Program Expenses $354,576
Other Expenses $79,372
TOTAL EXPENSES $354,576

Year-over-Year Comparison

2024 2023 Change
Revenue $197,999 $174,975 +0.1%
Expenses $354,576 $97,152 +2.6%
Net Income $-156,577 $77,823 -3.0%
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
9
Independent Members
9
Employees
N/A
Volunteers
23

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
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH CHASE PRESIDENT N/A
Officer Director
$0 $0 $0
DOUGLAS BENZER VICE PRESIDE N/A
Officer Director
$0 $0 $0
REED NELSON TREASURER N/A
Officer Director
$0 $0 $0
SONYA KOSLOSKI SECRETARY N/A
Officer Director
$0 $0 $0
RYAN GRUBA TRUSTEE N/A
Director
$0 $0 $0
MATTHEW GALLAWAY TRUSTEE N/A
Director
$0 $0 $0
CHAR NELSON CITY FINANCE N/A
Director
$0 $0 $0
CHIP LOHMILLER FIRE CHIEF N/A
Director
$0 $0 $0
DAVE NEVIN CITY MAYOR N/A
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 $197,999 $354,576 $1,389,134 $-156,577
2023 $174,975 $97,152 $1,448,561 $77,823
2022 $168,439 $414,768 $1,281,185 $-246,329
2021 $195,021 $103,319 $1,716,518 $91,702
2020 $166,625 $187,577 $1,503,573 $-20,952
2019 $163,143 $79,295 $1,440,983 $83,848
2018 $146,361 $84,129 $1,186,377 $62,232
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