CASS LAKE VOLUNTEER RURAL FIRE ASSOCIATION

EIN: 830412849 501(c)(3) Public Safety

CASS LAKE, MN

Total Revenue
$632,510
Total Expenses
$353,600
Total Assets
$1,165,603
Net Assets
$1,162,520
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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
2005
Legal Domicile
MN
Principal Officer
CRAIG GAASVIG
Tax Period
2023-01-01 to 2023-12-31

CASS LAKE VOLUNTEER RURAL FIRE ASSOCIATION, founded in 2005, is a small nonprofit in the Public Safety sector that reported $633K in total revenue in fiscal year 2023. Revenue surged 173% from the prior year, signaling strong growth momentum. The organization ran a surplus of $279K, a strong 44% operating margin.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $291,556 Revenue: $229,562

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

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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 $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

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Governance

Voting Members
12
Independent Members
12
Employees
27
Volunteers
27

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
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
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
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