LAKE CITY FIRE DEPARTMENT RELIEF ASSN (EIN 510187626) - 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

1922

Legal Domicile

Principal Officer

TOM RECKMANN

Phone

6513452072

Tax Period

2023-01-01 to 2023-12-31

LAKE CITY FIRE DEPARTMENT RELIEF ASSN, founded in 1922, is a small nonprofit that reported $158K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $52K, a strong 33% operating margin.

Mission

TO PROVIDE RETIREMENT AND DISABILTIY BENEFITS FOR THE MEMBERS OF THE LAKE CITY VOLUNTEER FIRE DEPARTMENT.

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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 $153,289

Program Service Revenue $0

Investment Income $1,110

Other Revenue $3,495

TOTAL REVENUE $157,894

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,500

Fundraising Expenses $0

Program Expenses $87,996

Other Expenses $67,779

TOTAL EXPENSES $106,279

Year-over-Year Comparison

	2023	2022	Change
Revenue	$157,894	$140,678	+0.1%
Expenses	$106,279	$46,040	+1.3%
Net Income	$51,615	$94,638	-0.5%

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

$1,500

Total Directors

$1,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS TOURNEY	PRESIDENT	5.00	Officer Director	$0	$0	$0
JUSTIN CERWINSKE	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
MATT HERZIG	SECRETARY	5.00	Officer Director	$0	$0	$0
TOM RECKMANN	TRESURER	5.00	Officer Director	$1,500	$0	$1,500
LUKE HARTZELL	TRUSTEE	2.00	Director	$0	$0	$0
JOHN WEYER	TRUSTEE	2.00	Director	$0	$0	$0
BRIAN QUINN	EX-OFFICIO (COUNCIL MEMBER	2.00	Director	$0	$0	$0
JEROME ILLG	EX-OFFICIO (CITY FINANCE D	2.00	Director	$0	$0	$0
DAN PATTERSON	EX-OFFICIO (FIRE CHIEF)	2.00	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	No data	No data	No data	No data
2023	$157,894	$106,279	$1,514,201	$51,615
2022	$140,678	$46,040	$1,269,379	$94,638
2021	$280,166	$70,254	$1,370,411	$209,912
2020	$255,536	$224,535	$1,160,499	$31,001
2019	$269,915	$291,801	$1,129,498	$-21,886
2018	$62,900	$175,923	$1,151,384	$-113,023

LAKE CITY FIRE DEPARTMENT RELIEF ASSN