LITCHFIELD FIREMEN'S RELIEF ASSOCIATION (EIN 411289752) - 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

1906

Legal Domicile

Principal Officer

KYLE WALD

Phone

3206937201

Tax Period

2023-01-01 to 2023-12-31

LITCHFIELD FIREMEN'S RELIEF ASSOCIATION, founded in 1906, is a small nonprofit that reported $202K in total revenue in fiscal year 2023. Revenue surged 68% from the prior year, signaling strong growth momentum. The organization ran a surplus of $35K, a strong 17% operating margin.

Mission

PROVIDE RETIREMENT BENEFITS TO 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 $89,024

Program Service Revenue $29

Investment Income $97,902

Other Revenue $15,241

TOTAL REVENUE $202,196

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,998

Fundraising Expenses $0

Program Expenses $144,317

Other Expenses $38,180

TOTAL EXPENSES $167,205

Year-over-Year Comparison

	2023	2022	Change
Revenue	$202,196	$120,611	+0.7%
Expenses	$167,205	$392,986	-0.6%
Net Income	$34,991	$-272,375	-1.1%

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

Governance

Voting Members

Independent Members

Employees

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

$2,500

Total Directors

$2,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KYLE WALD	TREASURER	1.00	Officer Director	$0	$0	$2,000
LARRY MAURER	SECRETARY	1.00	Officer Director	$0	$0	$500
KURT BECKSTAND	TRUSTEE/FIRE	1.00	Director	$0	$0	$0
GLENDON CARON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MARTIN ELWELL	TRUSTEE	1.00	Director	$0	$0	$0
KEITH JOHNSON	MAYOR	1.00	Director	$0	$0	$0
MATT KADELBACH	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVE SMITH	TRUSTEE	1.00	Director	$0	$0	$0
JOYCE SPREITER	CITY CLERK	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	$202,196	$167,205	$827,266	$34,991
2022	$120,611	$392,986	$797,448	$-272,375
2021	$194,896	$97,626	$1,063,308	$97,270
2020	$197,178	$92,233	$968,326	$104,945
2019	$217,513	$102,432	$862,609	$115,081
2018	$126,409	$110,826	$747,528	$15,583

LITCHFIELD FIREMEN'S RELIEF ASSOCIATION