RUSHFORD VOLUNTEER FIRE DEPARTMENT RELIEF ASSOCIATION

EIN: 416034847 Public Safety

RUSHFORD, MN

Total Revenue
$107,381
Total Expenses
$22,742
Total Assets
$679,710
Net Assets
$674,140
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1944
Legal Domicile
MN
Principal Officer
PAUL CORCORAN
Phone
5078644182
Tax Period
2024-01-01 to 2024-12-31

RUSHFORD VOLUNTEER FIRE DEPARTMENT RELIEF ASSOCIATION, founded in 1944, is a small nonprofit in the Public Safety sector that reported $107K in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $85K, a strong 79% operating margin.

Mission

COLLECT, MAINTAIN AND DISTRIBUTE THE MONIES FOR THE RETIREMENT BENEFITS OF THE MEMBERS OF THE RUSHFORD VOLUNTEER FIRE DEPARTMENT.

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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 $90,375
Program Service Revenue $0
Investment Income $17,006
Other Revenue $0
TOTAL REVENUE $107,381

Expense Breakdown

Grants Paid $0
Salaries & Benefits $500
Fundraising Expenses $0
Program Expenses $13,581
Other Expenses $22,242
TOTAL EXPENSES $22,742

Year-over-Year Comparison

2024 2023 Change
Revenue $107,381 $61,175 +0.8%
Expenses $22,742 $78,491 -0.7%
Net Income $84,639 $-17,316 -5.9%
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
9
Independent Members
5
Employees
N/A
Volunteers
29

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
$400
Total Directors
9
$400
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICK SMITH PRESIDENT 1.00
Officer Director
$0 $100 $100
ROYAL ANDERSON VICE PRESIDENT 1.00
Officer Director
$0 $50 $50
TYLER HOSKINS SECRETARY 1.00
Officer Director
$0 $50 $50
PAUL CORCORAN TREASURER 2.50
Officer Director
$0 $200 $200
NICK CORCORAN TRUSTEE 1.00
Director
$0 $0 $0
LOGAN BRAND TRUSTEE 1.00
Director
$0 $0 $0
TERRI L BENSON EX-OFFICIO (MAYOR) 1.00
Director
$0 $0 $0
KATHY ZACHER EX-OFFICIO (CITY CLERK - T 1.00
Director
$0 $0 $0
CHAD RASMUSSEN EX-OFFICIO (CHIEF OF FIRE 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 $107,381 $22,742 $679,710 $84,639
2023 $61,175 $78,491 $562,762 $-17,316
2022 $51,849 $7,921 $528,795 $43,928
2021 $51,020 $49,836 $540,909 $1,184
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