LOWRY VOLUNTEER FIREMENS RELIEF ASSOCIATION

EIN: 411751494

LOWRY, MN

Total Revenue
$73,851
Total Expenses
$12,698
Total Assets
$959,900
Net Assets
$959,432
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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
1998
Legal Domicile
MN
Principal Officer
MIKE CLOBES
Tax Period
2024-01-01 to 2024-12-31

LOWRY VOLUNTEER FIREMENS RELIEF ASSOCIATION, founded in 1998, is a micro nonprofit that reported $74K in total revenue in fiscal year 2024. Revenue surged 181% from the prior year, signaling strong growth momentum. The organization ran a surplus of $61K, a strong 83% operating margin.

Mission

SCHEDULE O

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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 $50,998
Program Service Revenue $0
Investment Income $4,682
Other Revenue $18,171
TOTAL REVENUE $73,851

Expense Breakdown

Grants Paid $0
Salaries & Benefits $400
Fundraising Expenses $6,272
Program Expenses $6,426
Other Expenses $12,298
TOTAL EXPENSES $12,698

Year-over-Year Comparison

2024 2023 Change
Revenue $73,851 $26,288 +1.8%
Expenses $12,698 $3,874 +2.3%
Net Income $61,153 $22,414 +1.7%
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
6
Employees
1
Volunteers
34

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
3
$400
Total Directors
6
$400
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENNETH WEISEL TREASURER 006.00
Officer Director
$400 $0 $400
MIKE KLOBES PRESIDENT 003.00
Officer Director
$0 $0 $0
KEVIN KLUVER VICE PRESIDENT 002.00
Officer Director
$0 $0 $0
JAYDEN BEACHER SECRETARY 002.00
Director
$0 $0 $0
JASON SAFFERT TRUSTEE 001.00
Director
$0 $0 $0
SCOTT KJORES TRUSTEE 001.00
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 $73,851 $12,698 $959,900 $61,153
2023 $26,288 $3,874 $777,186 $22,414
2022 $17,813 $7,369 $631,688 $10,444
2021 $124,421 $52,599 $731,036 $71,822
2020 $95,160 $2,090 $657,864 $93,070
2020 $96,510 $2,090 $659,214 $94,420
2019 $92,711 $2,870 $551,364 $89,841
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