GRAND RAPIDS FIRE DEPARTMENT RELIEF ASSOCIATION (EIN 416037190) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1927

Legal Domicile

Principal Officer

LANCE KUSCHEL

Phone

2182560574

Tax Period

2024-01-01 to 2024-12-31

GRAND RAPIDS FIRE DEPARTMENT RELIEF ASSOCIATION, founded in 1927, is a small nonprofit that reported $190K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $33K, a strong 18% operating margin.

Mission

PROVIDE RETIREMENT RELIEF AND OTHER BENEFITS TO MEMBERS AND THEIR DEPENDENTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $185,532

Program Service Revenue $3,728

Investment Income $-1,466

Other Revenue $1,735

TOTAL REVENUE $189,529

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $102,549

Other Expenses $68,046

TOTAL EXPENSES $156,213

Year-over-Year Comparison

	2024	2023	Change
Revenue	$189,529	$171,035	+0.1%
Expenses	$156,213	$251,720	-0.4%
Net Income	$33,316	$-80,685	-1.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
LANCE KUSCHEL	PRESIDENT	0.50	Officer Director	$0	$0	$0
JEFFREY INGLE	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
WILLIAM RICHTER	TREASURER	0.50	Officer Director	$0	$0	$0
ANTHONY CLAFTON	SECRETARY	0.50	Officer Director	$0	$0	$0
JEFF COOK	TRUSTEE	0.50	Director	$0	$0	$0
JAIME TURNBULL	TRUSTEE	0.50	Director	$0	$0	$0
BARBARA BAIRD	DIRECTOR OF FINANCE	0.50	Director	$0	$0	$0
TRAVIS COLE	CHIEF OF DEPARTMENT	0.50	Director	$0	$0	$0
TASHA CONNELLY	MAYOR OF GRAND RAPIDS	0.50	Director	$0	$0	$0
SHAWN GRAEBER	SECOND ASSISTANT FIRE CHIEF	0.50	Director	$0	$0	$0
JOHN LINDER	FIRST ASSISTANT FIRE CHIEF	0.50	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	$189,529	$156,213	$4,141,808	$33,316
2023	$171,035	$251,720	$3,534,262	$-80,685
2022	$240,757	$141,439	$3,267,544	$99,318
2021	$276,110	$66,186	$3,670,450	$209,924
2020	$243,004	$53,070	$3,184,714	$189,934
2019	$221,665	$60,797	$2,810,083	$160,868
2018	$223,320	$225,772	$2,285,037	$-2,452

GRAND RAPIDS FIRE DEPARTMENT RELIEF ASSOCIATION