Loretto Firemen's Relief Association (EIN 416084217) - 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

1951

Legal Domicile

Principal Officer

Nicole West

Phone

6122013593

Tax Period

2022-01-01 to 2022-12-31

Loretto Firemen's Relief Association, founded in 1951, is a micro nonprofit that reported $13K in total revenue in fiscal year 2022. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $37K exceeded revenue, resulting in a 180% operating deficit.

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 (2022)

Revenue Breakdown

Contributions & Grants $51,144

Program Service Revenue $0

Investment Income $-38,089

Other Revenue $0

TOTAL REVENUE $13,055

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,450

Fundraising Expenses $0

Program Expenses $558

Other Expenses $35,134

TOTAL EXPENSES $36,584

Year-over-Year Comparison

	2022	2021	Change
Revenue	$13,055	$248,120	-0.9%
Expenses	$36,584	$37,142	0.0%
Net Income	$-23,529	$210,978	-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

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

$1,450

Total Directors

$1,450

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nicole West	President	2.00	Officer Director	$850	$0	$850
Brandon Snetsinger	Vice President	1.00	Officer Director	$0	$0	$0
Cody Ellos	Secretary	1.00	Officer Director	$300	$0	$300
Scott Wendland	Treasurer	2.00	Officer Director	$300	$0	$300
Terry Savoie	Trustee	1.00	Director	$0	$0	$0
Gregg Johnson	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
2022	$13,055	$36,584	$2,338,428	$-23,529
2021	$248,120	$37,142	$2,621,663	$210,978
2020	$137,798	$30,439	$2,345,187	$107,359
2019	$193,380	$33,202	$2,134,622	$160,178
2018	$112,933	$32,711	$1,729,335	$80,222

Loretto Firemen's Relief Association