LAKE CITY FIRE DEPARTMENT RELIEF ASSN

EIN: 510187626

LAKE CITY, MN

Total Revenue
$157,894
Total Expenses
$106,279
Total Assets
$1,514,201
Net Assets
$1,514,201
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1922
Legal Domicile
MN
Principal Officer
TOM RECKMANN
Phone
6513452072
Tax Period
2023-01-01 to 2023-12-31

LAKE CITY FIRE DEPARTMENT RELIEF ASSN, founded in 1922, is a small nonprofit that reported $158K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $52K, a strong 33% operating margin.

Mission

TO PROVIDE RETIREMENT AND DISABILTIY BENEFITS FOR THE MEMBERS OF THE LAKE CITY VOLUNTEER FIRE DEPRATMENT.

Program Service Accomplishments

Program 1
Expenses: $87,996

FIRE PROTECTION SERVICES TO THE CITY OF LAKE CITY AND THE SURROUNDING AREAS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $153,289
Program Service Revenue $0
Investment Income $1,110
Other Revenue $3,495
TOTAL REVENUE $157,894

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,500
Fundraising Expenses $0
Program Expenses $87,996
Other Expenses $67,779
TOTAL EXPENSES $106,279

Year-over-Year Comparison

2023 2022 Change
Revenue $157,894 $140,678 +0.1%
Expenses $106,279 $46,040 +1.3%
Net Income $51,615 $94,638 -0.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
8
Employees
N/A
Volunteers
22

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
$1,500
Total Directors
9
$1,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS TOURNEY PRESIDENT 5.00
Officer Director
$0 $0 $0
JUSTIN CERWINSKE VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
MATT HERZIG SECRETARY 5.00
Officer Director
$0 $0 $0
TOM RECKMANN TRESURER 5.00
Officer Director
$1,500 $0 $1,500
LUKE HARTZELL TRUSTEE 2.00
Director
$0 $0 $0
JOHN WEYER TRUSTEE 2.00
Director
$0 $0 $0
BRIAN QUINN EX-OFFICIO (COUNCIL MEMBER 2.00
Director
$0 $0 $0
JEROME ILLG EX-OFFICIO (CITY FINANCE D 2.00
Director
$0 $0 $0
DAN PATTERSON EX-OFFICIO (FIRE CHIEF) 2.00
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 $157,894 $106,279 $1,514,201 $51,615
2022 $140,678 $46,040 $1,269,379 $94,638
2021 $280,166 $70,254 $1,370,411 $209,912
2020 $255,536 $224,535 $1,160,499 $31,001
2019 $269,915 $291,801 $1,129,498 $-21,886
2018 $62,900 $175,923 $1,151,384 $-113,023
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