COLOGNE FIRE DEPT RELIEF ASSOCIATI… - Form 990 Financial Data

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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

1949

Legal Domicile

Phone

9522248540

Tax Period

2024-01-01 to 2024-12-31

COLOGNE FIRE DEPT RELIEF ASSOCIATION, founded in 1949, is a small nonprofit that reported $156K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $150K left a modest 4% surplus.

Mission

TO PROVIDE A PENSION FUND FOR THE BENEFIT OF THE ORGANIZATION'S MEMBERS WHO SERVE AS VOLUNTEER FIRE FIGHTERS FOR THE CITY OF COLOGNE, MN AND TO PURCHASE AND PROVIDE MAINTENANCE FOR FIRE PREVENTION EQUIPMENT AND SUPPLIES FOR THE CITY OF COLOGNE, MN.

Program Service Accomplishments

Program 1

Expenses: $20,280

SERVICES PROVIDED FOR THE BENEFIT OF THE VOLUNTEER FIREFIGHTERS.

Program 2

Expenses: $129,912

SERVICES PROVIDED TO ASSIST ORGANIZATIONS IN THE LOCAL COMMUNITY.

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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 $3,271

Program Service Revenue $0

Investment Income $2,375

Other Revenue $150,854

TOTAL REVENUE $156,500

Expense Breakdown

Grants Paid $129,912

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $150,192

Other Expenses $20,280

TOTAL EXPENSES $150,192

Year-over-Year Comparison

	2024	2023	Change
Revenue	$156,500	$140,562	+0.1%
Expenses	$150,192	$943,365	-0.8%
Net Income	$6,308	$-802,803	-1.0%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$2,700

Total Directors

$11,550

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH FOLEY	PRESIDENT	2.00	Officer Director	$2,700	$0	$2,700
JAY MILBRETT	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ROB WICKENHAUSER	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN HENDEL	TREASURER	2.00	Officer Director	$0	$0	$0
GARY MYERS	TRUSTEE	1.00	Director	$8,850	$0	$8,850

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	$156,500	$150,192	$153,386	$6,308
2023	$140,562	$943,365	$147,078	$-802,803
2022	$61,134	$72,206	$923,493	$-11,072
2021	$259,080	$102,187	$1,025,262	$156,893
2020	$132,952	$66,232	$901,759	$66,720
2019	$207,098	$226,283	$780,455	$-19,185
2018	$227,563	$157,278	$720,232	$70,285

COLOGNE FIRE DEPT RELIEF ASSOCIATION