COLOGNE FIRE DEPT RELIEF ASSOCIATION

EIN: 411445452

COLOGNE, MN

Total Revenue
$156,500
Total Expenses
$150,192
Total Assets
$153,386
Net Assets
$153,386
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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
MN
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 ORGNAIZATION'S MEMBERS WHO SERVE AS VOLUNTEERS.

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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 $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

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Governance

Voting Members
5
Independent Members
5
Employees
5
Volunteers
30

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
$2,700
Total Directors
5
$11,550
Key Employees
0
$0
Highest Compensated
0
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
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