SHERIFFS' RELIEF ASSOCIATION OF LO… - 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

1924

Legal Domicile

Principal Officer

WILLIAM MCSWEENEY

Phone

5629467081

Tax Period

2023-01-01 to 2023-12-31

SHERIFFS' RELIEF ASSOCIATION OF LOS ANGELES COUNTY, founded in 1924, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2023. Expenses of $7.0M exceeded revenue, resulting in a 57% operating deficit.

Mission

A NONPROFIT CORPORATION ORGANIZED TO PROVIDE RELIEF AND DEATH BENEFITS TO EMPLOYEES OF THE L.A. COUNTY SHERIFF'S DEPARTMENT AND THEIR FAMILIES, RETIRED EMPLOYEES AND SURVIVING SPOUSES OF FORMER MEMBERS OF THE ASSOCIATION - HONORARY MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $30,101

THE SHERIFFS' RELIEF ASSOCIATION OF LA COUNTY PROVIDES SICK MEMBER BENEFITS TO 19,781 LAW ENFORCEMENT OFFICER MEMBERS.

Program 2

Expenses: $5,657,978

THE SHERIFFS' RELIEF ASSOCIATION OF LA COUNTY PROVIDES DEATH BENEFITS TO LAW ENFORCEMENT OFFICER MEMBERS.

Program 3

Expenses: $124,358

THE SHERIFFS' RELIEF ASSOCIATION OF LOS ANGELES COUNTY HOLDS VARIOUS EVENTS FOR THE BENEFIT OF ITS MEMBERS AND THEIR FAMILIES.

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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 $2,808,836

Program Service Revenue $0

Investment Income $1,368,861

Other Revenue $273,555

TOTAL REVENUE $4,451,252

Expense Breakdown

Grants Paid $0

Salaries & Benefits $592,062

Fundraising Expenses $0

Program Expenses $5,812,437

Other Expenses $715,863

TOTAL EXPENSES $6,996,004

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,451,252	$4,262,362	+0.0%
Expenses	$6,996,004	$1,770,970	+3.0%
Net Income	$-2,544,752	$2,491,392	-2.0%

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
JOE BADALI	TRUSTEE	0.00	Director	$0	$0	$0
OSCAR MARTINEZ	TRUSTEE	0.00	Director	$0	$0	$0
CONRAD MEREDITH	SECRETARY/TREASURER	0.00	Director	$0	$0	$0
MIKE ABDEEN	VICE-PRESIDENT	0.00	Director	$0	$0	$0
SUSANNE BURAKOWSKI	TRUSTEE	0.00	Director	$0	$0	$0
DIANE STONE	PRESIDENT	0.00	Director	$0	$0	$0
JOE HARTSHORNE	TRUSTEE	0.00	Director	$0	$0	$0
GLENN WALSH	TRUSTEE	0.00	Director	$0	$0	$0
STEVEN KATZ	TRUSTEE	0.00	Director	$0	$0	$0
MIKE FRATANTONI	TRUSTEE	0.00	Director	$0	$0	$0
WILLIAM MCSWEENEY	GENERAL MANAGER	40.00	Highest	$117,353	$0	$213,369

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	$4,451,252	$6,996,004	$55,024,888	$-2,544,752
2022	$4,262,362	$1,770,970	$49,300,284	$2,491,392
2021	$4,943,201	$10,691,245	$56,773,839	$-5,748,044
2020	$3,843,337	$9,608,536	$51,080,792	$-5,765,199
2019	$4,320,959	$3,768,802	$47,301,899	$552,157
2018	$4,145,961	$3,437,640	$40,833,097	$708,321

SHERIFFS' RELIEF ASSOCIATION OF LOS ANGELES COUNTY