Iron Defense

EIN: 842996530 501(c)(3) Crime & Legal

Crystal Falls, MI

Total Revenue
$367,750
Total Expenses
$336,914
Total Assets
$41,680
Net Assets
$33,484
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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
2019
Legal Domicile
MI
Tax Period
2024-01-01 to 2024-12-31

Iron Defense, founded in 2019, is a small nonprofit in the Crime & Legal sector that reported $368K in total revenue in fiscal year 2024. Expenses of $337K left a modest 8% surplus.

Mission

Provide legal defense to indigent people

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $367,750
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $367,750

Expense Breakdown

Grants Paid $0
Salaries & Benefits $292,971
Fundraising Expenses $0
Program Expenses $336,914
Other Expenses $43,943
TOTAL EXPENSES $336,914

Year-over-Year Comparison

2024 2023 Change
Revenue $367,750 $385,000 0.0%
Expenses $336,914 $377,135 -0.1%
Net Income $30,836 $7,865 +2.9%
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

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Governance

Voting Members
3
Independent Members
3
Employees
6
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
1
$106,570
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Daryl Waters Executive Director 40.00
Officer
$106,570 $0 $106,570
Geoffrey Lawrence Board Member 10.00
Director
$0 $0 $0
Abbey Anderson Board Member 10.00
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 $367,750 $336,914 $41,680 $30,836
2023 $385,000 $377,135 $19,152 $7,865
2022 $315,500 $318,450 $10,685 $-2,950
2021 $225,000 $258,935 $8,089 $-33,935
2020 $308,450 $258,628 $47,107 $49,822
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