CLEVELAND FIREMEN'S RELIEF ASSOCIA… - Form 990 Financial Data

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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

1975

Legal Domicile

Principal Officer

CHRIS ROEMHILDT

Phone

5074699099

Tax Period

2024-01-01 to 2024-12-31

CLEVELAND FIREMEN'S RELIEF ASSOCIATION, founded in 1975, is a small nonprofit that reported $135K in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $122K, a strong 91% operating margin.

Mission

PROVIDE A RETIREMENT SYSTEM FOR THE CITY OF CLEVELAND FIREFIGHTERS.

Program Service Accomplishments

Program 1

PROVIDE RETIREMENT AND DEATH BENEFITS TO RELIEF ASSOCIATION MEMBERS WHICH ARE THE EXCLUSIVE BENEFITS PROVIDED TO THOSE FIREFIGHTERS. NONE IN THE CURRENT YEAR

Program 2

Expenses: $1,144

DONATIONS TO BUY FIREFIGHTING EQUIPMENT AND SUPPLIES TO LESSEN OF THE TAX BURDEN OF THE LOCAL CITIZENS.

Program 3

LAWFUL PURPOSE DONATIONS REPORTED ON SCHEDULE G OF 91,500.

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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 $72,773

Program Service Revenue $0

Investment Income $47,209

Other Revenue $14,613

TOTAL REVENUE $134,595

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,144

Other Expenses $12,409

TOTAL EXPENSES $12,409

Year-over-Year Comparison

	2024	2023	Change
Revenue	$134,595	$97,668	+0.4%
Expenses	$12,409	$33,714	-0.6%
Net Income	$122,186	$63,954	+0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS ROEMHILDT	PRESIDENT	1.00	Officer	$0	$0	$0
JOE HOLLERICH	VICE PRESIDE	1.00	Officer	$0	$0	$0
DEREK ELY	SECRETARY	1.00	Officer	$0	$0	$0
ANDREW ROHLFING	TREASURER	1.00	Officer	$0	$0	$0
RAY HEWITT	TRUSTEE	1.00	Director	$0	$0	$0
NATE SOFFEL	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
2024	$134,595	$12,409	$1,198,630	$122,186
2023	$97,668	$33,714	$969,216	$63,954
2022	$95,640	$189,959	$769,848	$-94,319
2021	$214,864	$100,340	$1,106,445	$114,524
2020	$72,762	$16,808	$902,727	$55,954
2019	$151,922	$246,254	$684,840	$-94,332
2018	$79,915	$86,569	$665,609	$-6,654

CLEVELAND FIREMEN'S RELIEF ASSOCIATION