Long Lake Volunteer Firemen's Relief Association (EIN 364673299) - 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

1947

Legal Domicile

Principal Officer

Ted Woychick

Phone

6127725479

Tax Period

2023-01-01 to 2023-12-31

Long Lake Volunteer Firemen's Relief Association, founded in 1947, is a small nonprofit in the Public Safety sector that reported $260K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $103K, a strong 40% operating margin.

Mission

To provide retirement benefits to volunteer firefighters.

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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 (2023)

Revenue Breakdown

Contributions & Grants $204,288

Program Service Revenue $0

Investment Income $37,161

Other Revenue $18,721

TOTAL REVENUE $260,170

Expense Breakdown

Grants Paid $200

Salaries & Benefits $4,000

Fundraising Expenses $0

Program Expenses $133,474

Other Expenses $38,441

TOTAL EXPENSES $156,754

Year-over-Year Comparison

	2023	2022	Change
Revenue	$260,170	$305,393	-0.1%
Expenses	$156,754	$440,792	-0.6%
Net Income	$103,416	$-135,399	-1.8%

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

$3,000

Total Directors

$3,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeff Krahl	President	5.00	Officer Director	$1,000	$0	$1,000
Ryan Kanive	Vice President	5.00	Officer Director	$1,000	$0	$1,000
Ted Woychick	Treasurer	3.00	Officer Director	$0	$0	$0
Joshua Grady	Trustee	5.00	Director	$0	$0	$0
Ryan Hoster	Secretary	1.00	Officer Director	$1,000	$0	$1,000
Lance Swearingen	Trustee	1.00	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	$260,170	$156,754	$2,847,340	$103,416
2022	$305,393	$440,792	$2,395,147	$-135,399
2021	$171,521	$45,068	$3,115,731	$126,453
2020	$249,963	$472,116	$2,614,231	$-222,153
2019	$165,535	$154,385	$2,544,179	$11,150
2018	$142,885	$50,752	$2,112,112	$92,133

Long Lake Volunteer Firemen's Relief Association