CASS LAKE VOLUNTEER RURAL FIRE ASSOCIATION (EIN 830412849) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

CRAIG GAASVIG

Tax Period

2023-01-01 to 2023-12-31

CASS LAKE VOLUNTEER RURAL FIRE ASSOCIATION is a 501(c)(3) with EIN 830412849, based in CASS LAKE, MN. Founded in 2005, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $632,510 in total revenue and $353,600 in total expenses, with net assets of $1,162,520.

Mission

TO PROVIDE FIRE PROTECTION AND TRAINING TO THE CITY OF CASS LAKE AND THE SURROUNDING AREA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $390,046

Program Service Revenue $229,562

Investment Income $11,725

Other Revenue $1,177

TOTAL REVENUE $632,510

Expense Breakdown

Grants Paid $0

Salaries & Benefits $167,328

Fundraising Expenses $23,136

Program Expenses $291,556

Other Expenses $186,272

TOTAL EXPENSES $353,600

Year-over-Year Comparison

	2023	2022	Change
Revenue	$632,510	$232,093	+1.7%
Expenses	$353,600	$284,872	+0.2%
Net Income	$278,910	$-52,779	-6.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK ALIANELLO	DIRECTOR	5.00	Director	$0	$0	$0
DAVE FALLIS	VICE CHAIR	5.00	Officer Director	$0	$0	$0
RYAN FISHER	DIRECTOR	5.00	Director	$0	$0	$0
CRAIG GAASVIG	CHAIR	5.00	Officer Director	$0	$0	$0
LEE GIFFEN	DIRECTOR	5.00	Director	$0	$0	$0
RICK HAALAND	DIRECTOR	5.00	Director	$0	$0	$0
MIKE HANSON	DIRECTOR	5.00	Director	$0	$0	$0
JOHN NYBERG	DIRECTOR	5.00	Director	$0	$0	$0
JOEL PHILLIPS	DIRECTOR	5.00	Director	$0	$0	$0
ERNEST ROBINSON	TREASURER	5.00	Officer Director	$0	$0	$0
LAURIE SCHUMMER	SECRETARY	5.00	Officer Director	$0	$0	$0
MARK STODOLA	DIRECTOR	5.00	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	$632,510	$353,600	$1,165,603	$278,910
2022	$232,093	$284,872	$874,760	$-52,779
2021	$309,676	$234,184	$928,637	$75,492
2020	$233,171	$170,635	$873,317	$62,536
2019	$301,434	$211,365	$788,602	$90,069
2018	$265,920	$207,518	$698,019	$58,402

CASS LAKE VOLUNTEER RURAL FIRE ASSOCIATION