Oakland Fire Department Relief Fund Association (EIN 941090848) - 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

1932

Legal Domicile

Principal Officer

JACKSON T PALMER

Phone

9258202341

Tax Period

2024-01-01 to 2024-12-31

Oakland Fire Department Relief Fund Association, founded in 1932, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 72% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 74% operating margin.

Mission

ALL INCOME GENERATED IS USED TO PROVIDE DISABILITY BENEFITS TO ACTIVE DUTY FIREFIGHTERS AND DEATH BENEFITS TO THE BENEFICIARIES OF MEMBERS.

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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 $0

Program Service Revenue $86,504

Investment Income $1,397,977

Other Revenue $0

TOTAL REVENUE $1,484,481

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,566

Fundraising Expenses $0

Program Expenses $379,318

Other Expenses $101,952

TOTAL EXPENSES $379,318

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,484,481	$863,137	+0.7%
Expenses	$379,318	$228,824	+0.7%
Net Income	$1,105,163	$634,313	+0.7%

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

$8,724

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE NEILSEN	PRESIDENT	0.00	Director	$0	$0	$0
BEN GUTHRIE	DIRECTOR	0.00	Director	$0	$0	$0
STEVE SPLENDORIO	DIRECTOR	0.00	Director	$0	$0	$0
DAVE HALLIDAY	DIRECTOR	0.00	Director	$0	$0	$0
GREG DASSE	DIRECTOR	0.00	Director	$0	$0	$0
VICTOR CUEVAS	DIRECTOR	0.00	Director	$0	$0	$0
JACKSON T PALMER	SECRETARY/TRES	15.00	Officer	$8,724	$0	$8,724

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	$1,484,481	$379,318	$6,874,039	$1,105,163
2023	$863,137	$228,824	$5,771,209	$634,313
2022	$450,082	$248,055	$5,134,574	$202,027
2021	$1,141,555	$270,333	$4,931,931	$871,222
2020	$735,142	$263,072	$4,066,412	$472,070
2019	$361,807	$252,463	$3,591,706	$109,344
2018	$395,019	$329,407	$3,479,730	$65,612

Oakland Fire Department Relief Fund Association