FIREMENS RELIEF ASSNS OF MINN OSSEO (EIN 416029747) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1915

Legal Domicile

Principal Officer

MIKE COGSWELL

Phone

7634259205

Tax Period

2024-01-01 to 2024-12-31

FIREMENS RELIEF ASSNS OF MINN OSSEO, founded in 1915, is a small nonprofit that reported $106K in total revenue in fiscal year 2024. Revenue surged 106% from the prior year, signaling strong growth momentum. The organization ran a surplus of $90K, a strong 86% operating margin.

Mission

PROVIDE LUMP SUM BENEFITS TO MEMBERS OF THE OSSEO FIRE DEPARTMENT RELIEF ASSN OR THEIR LAWFUL BENEFICIARIES AND TOGETHER WITH OUR LAWFUL GAMBLING FUND, CONDUCT ACTIVITIES AND PROVIDE LAWFUL PURPOSE DONATIONS TO THE CITY OF OSSEO AND THE SURROUNDING COMMUNITIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $33,784

Program Service Revenue $0

Investment Income $11,353

Other Revenue $60,490

TOTAL REVENUE $105,627

Expense Breakdown

Grants Paid $135,128

Salaries & Benefits $6,602

Fundraising Expenses $0

Program Expenses $8,076

Other Expenses $-126,539

TOTAL EXPENSES $15,191

Year-over-Year Comparison

	2024	2023	Change
Revenue	$105,627	$51,358	+1.1%
Expenses	$15,191	$146,560	-0.9%
Net Income	$90,436	$-95,202	-1.9%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUKE CHURCHILL	TRUSTEE	2.00	Director	$0	$0	$0
DAVE JORGENSON	GAMBLING MANAGERTRUSTEE	10.00	Director Key Emp	$0	$0	$0
BARRY ANDERSON	SECRETARY	2.00	Officer	$0	$0	$0
MIKE COGSWELL	PRESIDENT	2.00	Officer	$0	$0	$0
BLANE ANDERSON	TREASURER	2.00	Officer	$0	$0	$0
DREW COGSWELL	VICE PRESIDENT	2.00	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	$105,627	$15,191	$564,711	$90,436
2023	$51,358	$146,560	$452,210	$-95,202
2022	$37,450	$24,711	$503,828	$12,739
2021	$21,794	$12,911	$578,976	$8,883
2020	$55,785	$11,487	$530,054	$44,298
2019	$32,751	$56,590	$467,892	$-23,839
2018	$33,119	$12,748	$447,316	$20,371

FIREMENS RELIEF ASSNS OF MINN OSSEO