GUNFLINT TRAIL FIRE DEPARTMENT

EIN: 831189943 501(c)(3) Public Safety

GRAND MARAIS, MN

Total Revenue
$150,179
Total Expenses
$44,271
Total Assets
$568,027
Net Assets
$568,027
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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
2018
Legal Domicile
MN
Principal Officer
MICHAEL VALENTINI
Phone
2183884449
Tax Period
2023-10-01 to 2024-09-30

GUNFLINT TRAIL FIRE DEPARTMENT, founded in 2018, is a small nonprofit in the Public Safety sector that reported $150K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $106K, a strong 71% operating margin.

Mission

ACCEPT CONTRIBUTIONS OF CASH AND PROPERTY, INCLUDING EMERGENCY VEHICLES, TO SUPPORT THE GUNFLINT TRAIL VOLUNTEER FIRE DEPARTMENT IN PROVIDING EMERGENCY SERVICES FOR THE GUNFLINT TRAIL AREA IN MINNESOTA.

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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 $139,487
Program Service Revenue $0
Investment Income $10,692
Other Revenue $0
TOTAL REVENUE $150,179

Expense Breakdown

Grants Paid $40,415
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $40,651
Other Expenses $3,856
TOTAL EXPENSES $44,271

Year-over-Year Comparison

2023 2022 Change
Revenue $150,179 $164,880 -0.1%
Expenses $44,271 $50,724 -0.1%
Net Income $105,908 $114,156 -0.1%
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
3
Independent Members
3
Employees
N/A
Volunteers
N/A

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
3
$9,000
Total Directors
3
$9,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL VALENTINI PRESIDENT 0.50
Officer Director
$0 $0 $0
JAMES MORRISON VICE-PRESIDENT 0.50
Officer Director
$0 $0 $0
BARBARA TUTTLE CFO/TREASURER 1.00
Officer Director
$0 $0 $9,000
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 $150,179 $44,271 $568,027 $105,908
2023 $164,880 $50,724 $427,117 $114,156
2022 $91,782 $5,302 $313,466 $86,480
2021 $109,371 $271 $226,986 $109,100
2020 $100,900 $22,777 $117,878 $78,123
2019 $39,755 No data $39,755 No data
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