GNESEN VOLUNTEER FIRE DEPARTMENT RELIEF ASSOCIATION

EIN: 411434134

DULUTH, MN

Total Revenue
$220,574
Total Expenses
$176,632
Total Assets
$511,159
Net Assets
$320,037
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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
1955
Legal Domicile
MN
Principal Officer
KRIS BRAN
Tax Period
2020-01-01 to 2020-12-31

GNESEN VOLUNTEER FIRE DEPARTMENT RELIEF ASSOCIATION, founded in 1955, is a small nonprofit that reported $221K in total revenue in fiscal year 2020. Revenue surged 103% from the prior year, signaling strong growth momentum. The organization ran a surplus of $44K, a strong 20% operating margin.

Mission

PROVIDE SERVICES TO VOLUNTEER FIRE FIGHTERS

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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 (2020)

Revenue Breakdown

Contributions & Grants $204,138
Program Service Revenue $0
Investment Income $0
Other Revenue $16,436
TOTAL REVENUE $220,574

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $176,632
Other Expenses $176,632
TOTAL EXPENSES $176,632

Year-over-Year Comparison

2020 2019 Change
Revenue $220,574 $108,449 +1.0%
Expenses $176,632 $147,821 +0.2%
Net Income $43,942 $-39,372 -2.1%
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
7
Independent Members
7
Employees
13
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
7
$0
Key Employees
1
$3,969
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
K BRAN PRESIDENT 2
Officer Director
$0 $0 $0
Z NORRICK VICE PRESIDENT 2
Officer Director
$0 $0 $0
K BROOKS SECRETARY 2
Officer Director
$0 $0 $0
K FRANKCOWIAK TREASURER 2
Officer Director
$0 $0 $0
M ROSE TRUSTEE 2
Director
$0 $0 $0
K BLEGEN TRUSTEE 2
Director
$0 $0 $0
B HEINEY TRUSTEE 2
Director
$0 $0 $0
S TARNOWSKI GAMBLING MGR 10
Key Emp
$3,969 $0 $3,969
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
2020 $220,574 $176,632 $511,159 $43,942
2019 $108,449 $147,821 $501,286 $-39,372
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