CROMWELL WRIGHT FIRE RELIEF ASSN

EIN: 411643546

CROMWELL, MN

Total Revenue
$45,246
Total Expenses
$55,935
Total Assets
$638,913
Net Assets
$632,613
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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
1954
Legal Domicile
MN
Principal Officer
TOM GERVAIS
Phone
2184510092
Tax Period
2024-01-01 to 2024-12-31

CROMWELL WRIGHT FIRE RELIEF ASSN, founded in 1954, is a micro nonprofit that reported $45K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $56K exceeded revenue, resulting in a 24% operating deficit.

Mission

TO PROVIDE RETIREMENT AND DISABILITY BENEFITS TO MEMBERS.

Program Service Accomplishments

Program 1
Expenses: $43,000

RECEIVE AND MANAGE INVESTMENTS TO PROVIDE RETIREMENT AND DISABILITY BENEFITS TO MEMBERS WHO ARE FIREFIGHTER MEMBERS OF THE CROMWELL WRIGHT AREA FIRE DISTRICT.

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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 $28,763
Program Service Revenue $0
Investment Income $16,483
Other Revenue $0
TOTAL REVENUE $45,246

Expense Breakdown

Grants Paid $0
Salaries & Benefits $500
Fundraising Expenses $0
Program Expenses $43,000
Other Expenses $12,435
TOTAL EXPENSES $55,935

Year-over-Year Comparison

2024 2023 Change
Revenue $45,246 $40,967 +0.1%
Expenses $55,935 $8,624 +5.5%
Net Income $-10,689 $32,343 -1.3%
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
6
Independent Members
5
Employees
N/A
Volunteers
22

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
$500
Total Directors
6
$500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM GERVAIS PRESIDENT 1.00
Officer Director
$0 $0 $0
MARK ANDERSON TREASURER 1.00
Officer Director
$500 $0 $500
DEB NOBIS SECRETARY 1.00
Officer Director
$0 $0 $0
HEATHER SMITH TRUSTEE 1.00
Director
$0 $0 $0
JACK KACHINSKI TRUSTEE 1.00
Director
$0 $0 $0
MATT HAKALA VICE PRESIDE 1.00
Officer 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 $45,246 $55,935 $638,913 $-10,689
2023 $40,967 $8,624 $611,062 $32,343
2022 $34,111 $9,553 $527,188 $24,558
2021 $35,145 $31,659 $568,292 $3,486
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