CROOKED LAKE FIRE FIGHTERS RELIEF ASSOCIATION (EIN 271643307) - Form 990 Financial Analysis & Trantor Score

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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

1982

Principal Officer

BRIAN PALKOVICH

Phone

2187925759

Tax Period

2022-01-01 to 2022-12-31

CROOKED LAKE FIRE FIGHTERS RELIEF ASSOCIATION, founded in 1982, is a micro nonprofit in the Public Safety sector that reported $39K in total revenue in fiscal year 2022. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $75K exceeded revenue, resulting in a 90% operating deficit.

Mission

PROVIDE RETIREMENT BENEFITS FOR MEMBERS OF THE CROOKED LAKE FIRE DEPARTMENT.

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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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $27,228

Program Service Revenue $0

Investment Income $6,118

Other Revenue $5,979

TOTAL REVENUE $39,325

Expense Breakdown

Grants Paid $6,166

Salaries & Benefits $2,000

Fundraising Expenses $0

Program Expenses $72,418

Other Expenses $7,658

TOTAL EXPENSES $74,824

Year-over-Year Comparison

	2022	2021	Change
Revenue	$39,325	$61,178	-0.4%
Expenses	$74,824	$22,309	+2.4%
Net Income	$-35,499	$38,869	-1.9%

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

N/A

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
SHAWN HITE	TRUSTEE	N/A	Director	$0	$0	$0
ROBERT NAGLE	TRUSTEE	N/A	Director	$0	$0	$0
BRIAN OLDS	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
BRIAN PALKOVICH	PRESIDENT	N/A	Officer Director	$0	$0	$0
KATIE USHERWOOD	SECRETARY	N/A	Officer Director	$0	$0	$0
NICHOLAS USHERWOOD	TRUSTEE	N/A	Director	$0	$0	$0
SEAN WALSH	TREASURER	N/A	Officer 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
2022	$39,325	$74,824	$301,309	$-35,499
2021	$61,178	$22,309	$411,336	$38,869
2020	$40,534	$13,004	$340,577	$27,530
2019	$36,662	$15,752	$279,919	$20,910
2018	$34,757	$6,814	$222,712	$27,943

CROOKED LAKE FIRE FIGHTERS RELIEF ASSOCIATION