MCGRATH, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MCGRATH FIRE DEPARTMENT RELIEF ASSN, founded in 1950, is a micro nonprofit in the Public Safety sector that reported $11K in total revenue in fiscal year 2024. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $18K exceeded revenue, resulting in a 69% operating deficit.
PROVIDE PENSION BENEFITS TO MEMBERS.
MAINTAIN FUNDS TO PROVIDE PENSION, DISABILITY, AND DEATH BENEFITS TO ELIGIBLE MEMBERS AND THEIR FAMILIES. THESE MEMBERS ARE MCGRATH MN FIRE DEPT. VOLUNTEER FIREFIGHTERS. ONE FIREFIGHTER RECEIVED...
MAINTAIN FUNDS TO PROVIDE PENSION, DISABILITY, AND DEATH BENEFITS TO ELIGIBLE MEMBERS AND THEIR FAMILIES. THESE MEMBERS ARE MCGRATH MN FIRE DEPT. VOLUNTEER FIREFIGHTERS. ONE FIREFIGHTER RECEIVED PAYOUT OF ACCRUED BENEFITS IN 2024; THERE ARE 13 ACTIVE, 2 INACTIVE FIREFIGHTERS FOR WHOM PENSION BENEFITS ARE BEING MAINTAINED UNTIL THEY MEET RETIREMENT REQUIREMENTS, AND 3 OTHER INACTIVE MEMBERS. CURRENTLY FUNDS ARE INVESTED IN CHECKING, SAVINGS, CERTIFICATES OF DEPOSIT, AND WITH THE MN STATE BOARD OF INVESTMENT.
RAISED FUNDS IN SUPPORT OF LOCAL GOVERNMENT ENTITIES, SCHOOLS, LOCAL COMMUNITY ACTIVITIES AND NEEDY INDIVIDUALS BY SELLING PULL-TABS UNDER STATE OF MINNESOTA LICENSE AT 2 LICENSED SITES. RESULTS FROM...
RAISED FUNDS IN SUPPORT OF LOCAL GOVERNMENT ENTITIES, SCHOOLS, LOCAL COMMUNITY ACTIVITIES AND NEEDY INDIVIDUALS BY SELLING PULL-TABS UNDER STATE OF MINNESOTA LICENSE AT 2 LICENSED SITES. RESULTS FROM THIS OPERATION ARE REPORTED ON PART VIII LINE 9 AND PART IX, LINES 1-5. (DOUBLE REPORTING OF GRANTS AND WAGES IS REVERSED BY PART IX, LINE 24 ENTRY.)
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $10,683 | $40,500 | -0.7% |
| Expenses | $18,010 | $21,895 | -0.2% |
| Net Income | $-7,327 | $18,605 | -1.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| STEVEN NELSON | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JIMMY JOHNSON | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LARRY DANIELSON | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JON BORG | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DARREN GRAY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RYAN ZORTMAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $10,683 | $18,010 | $400,853 | $-7,327 |
| 2023 | $40,500 | $21,895 | $392,194 | $18,605 |
| 2022 | $24,369 | $557 | $358,136 | $23,812 |
| 2021 | $31,937 | $33,556 | $349,928 | $-1,619 |
| 2020 | $16,404 | $1,756 | $339,851 | $14,648 |
| 2019 | $10,701 | $175 | $313,497 | $10,526 |
| 2018 | $11,777 | $25 | $291,666 | $11,752 |
Compare MCGRATH FIRE DEPARTMENT RELIEF ASSN with other nonprofits in Minnesota and across the country.