GNESEN VOLUNTEER FIRE DEPARTMENT INC

EIN: 411472326 501(c)(3) Public Safety

DULUTH, MN

Total Revenue
$291,786
Total Expenses
$191,564
Total Assets
$1,172,155
Net Assets
$1,051,224
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1962
Legal Domicile
MN
Principal Officer
KEVIN FREDRICKSON
Phone
2188343555
Tax Period
2023-01-01 to 2023-12-31

GNESEN VOLUNTEER FIRE DEPARTMENT INC, founded in 1962, is a small nonprofit in the Public Safety sector that reported $292K in total revenue in fiscal year 2023. Revenue surged 142% from the prior year, signaling strong growth momentum. The organization ran a surplus of $100K, a strong 34% operating margin.

Mission

TO PROVIDE FIRE FIGHTING AND EMERGENCY MEDICAL SERVICES TO GNESEN TOWNSHIP TOWNSHIP AND AN UNICORPORATED TOWNSHIP THAT BORDERS NORTH OF GNESEN TOWNSHIP

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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 (2023)

Revenue Breakdown

Contributions & Grants $293,626
Program Service Revenue $0
Investment Income $0
Other Revenue $-1,840
TOTAL REVENUE $291,786

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $191,564
Other Expenses $191,564
TOTAL EXPENSES $191,564

Year-over-Year Comparison

2023 2022 Change
Revenue $291,786 $120,499 +1.4%
Expenses $191,564 $154,466 +0.2%
Net Income $100,222 $-33,967 -4.0%
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
7
Independent Members
7
Employees
11
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
3
$0
Key Employees
1
$15,560
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE TARNOWSKI GAMBLING MANAGER 010.00
Key Emp
$15,560 $0 $15,560
MATT ROSE 2ND ASSISTANT FIRE CHIEF 002.00
Director
$0 $0 $0
TED RAYMOND ASSISTANT CHIEF 002.00
Director
$0 $0 $0
THOMAS FITZGERALD CHIEF 002.00
Director
$0 $0 $0
KEVIN FREDRICKSON PRESIDENT 002.00
Officer
$0 $0 $0
DAN FAIRCHILD VICE PRESIDENT 002.00
Officer
$0 $0 $0
KELLY BROOKS SECRETARY 002.00
Officer
$0 $0 $0
MARCIA HALLER TREASURER 002.00
Officer
$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 No data No data No data No data
2023 $291,786 $191,564 $1,172,155 $100,222
2022 $120,499 $154,466 $1,104,300 $-33,967
2021 $203,058 $167,599 $1,146,329 $35,459
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