Cold Spring Fire Department Relief Assoc

Nonprofit profile at a glance

EIN
416036330
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Cold Spring, MN, USA
Phone
3206858673
Rating confidence
Limited

Reported finances

Revenue
$-65,235
Expenses
$85,028
Assets
$1,639,316
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • JON DOUVIER (PRESIDENT)
  • ADAM DULLINGER (VICE PRESIDENT)

Highest reported compensation

  • JON DOUVIER (PRESIDENT): $599 total reported compensation
  • DUANE KRUEGER (SECRETARY): $599 total reported compensation
  • BRIAN PETERS (TREASURER): $599 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The association provides pension benefits to retired members of the volunteer firefighters of the cold spring fire department. The association also provides education and training to members.

What it reported doing in 2024

Cold spring fire department relief association was organized to account for pension funds for retiring members, as well as providing training and education for fire services. Revenue earned and support received is used to pay pensions and provide for education programs for firefighters. During the year, there were 23 active members and 8 inactive members who are deferred.the association conducts charitable gambling for the purpose of making lawful purpose donations in accordance with Minnesota state statutes. The main beneficiary of the donations is the city of cold spring.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 55
  • Transparency & Controls: 73
  • Accountability: 91
  • Sustainability: 39
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 47.6%; rating input score 48
  • Fundraising efficiency: $31.53 raised per $1 spent on fundraising; rating input score 75; 75th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 25th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 32.1%; rating input score 32; 43rd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -230.3%; rating input score 12; 12th percentile among comparable filings
  • Total-asset coverage ratio: 19.28; rating input score 78; 78th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 2.3%; rating input score 19; 19th percentile among comparable filings

Growth

  • Program expense growth: -2.2% per year; rating input score 0; 45th percentile among comparable filings
  • Revenue growth: -0.3% per year; rating input score 0; 59th percentile among comparable filings
  • Asset growth: 3.4% per year; rating input score 100; 59th percentile among comparable filings

Details

  • Where the money goes: 47.6% of spending went to programs
  • Governance: 9 of 9 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $40K in reported program spending
  • Leadership: top reported pay $599 · 9 people listed
  • Consistency: 21 of 22 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Program expense ratio scored 48/100.
  • Moderate — Transparency & Controls: Grant itemization coverage scored 32/100.
  • High — Sustainability: Operating margin scored 12/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 19/100.