Rockford Firemen's Relief Association (EIN 416033032) - 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

1968

Legal Domicile

Principal Officer

Adam Boeddeker

Phone

7634949533

Tax Period

2023-01-01 to 2023-12-31

Rockford Firemen's Relief Association, founded in 1968, is a micro nonprofit in the Public Safety sector that reported $26K in total revenue in fiscal year 2023. Revenue fell 60% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $20K, a strong 75% 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 $21,617

Program Service Revenue $0

Investment Income $0

Other Revenue $4,658

TOTAL REVENUE $26,275

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,569

Other Expenses $6,569

TOTAL EXPENSES $6,569

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,275	$65,000	-0.6%
Expenses	$6,569	$53,589	-0.9%
Net Income	$19,706	$11,411	+0.7%

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
Adam Boeddeker	President	5.00	Officer Director	$0	$0	$0
Randy Schwitters	Vice President	5.00	Officer Director	$0	$0	$0
Megan Lundell	Secretary	5.00	Officer Director	$0	$0	$0
Patrick Christensen	Treasurer	5.00	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
2023	$26,275	$6,569	$84,043	$19,706
2022	$65,000	$53,589	$86,337	$11,411
2021	$92,803	$18,598	$1,023,232	$74,205
2020	$90,987	$55,510	$849,539	$35,477
2019	$81,976	$93,881	$683,261	$-11,905
2018	$86,556	$10,791	$627,524	$75,765

Rockford Firemen's Relief Association