Chisago City Fire Department Relief Association (EIN 416024228) - Form 990 Financial Analysis & Trantor Score

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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

1955

Legal Domicile

Principal Officer

Thomas Gottschald

Phone

6082138922

Tax Period

2023-01-01 to 2023-12-31

Chisago City Fire Department Relief Association, founded in 1955, is a small nonprofit that reported $387K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $125K, a strong 32% operating margin.

Mission

To provide retirement benefits to volunteer firefighters.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $56,771

Program Service Revenue $0

Investment Income $89,450

Other Revenue $240,656

TOTAL REVENUE $386,877

Expense Breakdown

Grants Paid $240,278

Salaries & Benefits $3,500

Fundraising Expenses $0

Program Expenses $251,128

Other Expenses $14,004

TOTAL EXPENSES $262,292

Year-over-Year Comparison

	2023	2022	Change
Revenue	$386,877	$509,764	-0.2%
Expenses	$262,292	$539,020	-0.5%
Net Income	$124,585	$-29,256	-5.3%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$1,500

Total Directors

$1,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Thomas Gottschald	President	1.00	Officer Director	$0	$0	$0
Jonathan Wrolstad	Treasurer	1.00	Officer Director	$1,500	$0	$1,500
Jess Bullis	Secretary	1.00	Officer Director	$0	$0	$0
Justin Wilson	Vice President	2.00	Officer Director	$0	$0	$0
Joseph Goiffon	Trustee	1.00	Director	$0	$0	$0
Adrian Hoff	Trustee	1.00	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	No data	No data	No data	No data
2023	$386,877	$262,292	$1,595,654	$124,585
2022	$509,764	$539,020	$1,318,827	$-29,256
2021	$431,618	$358,970	$1,883,551	$72,648
2020	$119,544	$97,228	$1,613,854	$22,316
2019	$128,430	$93,148	$1,346,699	$35,282
2018	$95,109	$107,626	$1,117,624	$-12,517

Chisago City Fire Department Relief Association