Spring Lake Park Firefighters Relief Association (EIN 416038889) - 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

1944

Legal Domicile

Phone

7637674003

Tax Period

2024-01-01 to 2024-12-31

Spring Lake Park Firefighters Relief Association, founded in 1944, is a micro nonprofit in the Mutual Benefit sector that reported $59K in total revenue in fiscal year 2024. Revenue fell 87% from the prior year — a significant decline worth monitoring. Expenses of $99K exceeded revenue, resulting in a 67% operating deficit.

Mission

To provoide Retirement relief and other benefits to its members and dependents.

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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 (2024)

Revenue Breakdown

Contributions & Grants $37,202

Program Service Revenue $0

Investment Income $0

Other Revenue $22,187

TOTAL REVENUE $59,389

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,200

Fundraising Expenses $0

Program Expenses $90,744

Other Expenses $92,212

TOTAL EXPENSES $99,412

Year-over-Year Comparison

	2024	2023	Change
Revenue	$59,389	$464,998	-0.9%
Expenses	$99,412	$453,232	-0.8%
Net Income	$-40,023	$11,766	-4.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Daniel Anderson	Treasurer	1.00	Officer Director	$0	$0	$0
Anthony Scavo	President	1.00	Officer Director	$0	$0	$0
Corey Vandeville	Vice President	1.00	Officer Director	$0	$0	$0
Mark Penndyer	Secretary	1.00	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
2024	$59,389	$99,412	$160,840	$-40,023
2023	$464,998	$453,232	$200,863	$11,766
2022	$391,368	$765,433	$189,097	$-374,065
2021	$424,174	$532,395	$545,562	$-108,221
2020	$426,009	$545,458	$618,427	$-119,449
2019	$501,140	$75,570	$730,895	$425,570

Spring Lake Park Firefighters Relief Association