Redondo Beach Police Relief Association (EIN 956113655) - 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

1965

Legal Domicile

Phone

3106488645

Tax Period

2024-04-01 to 2025-03-31

Redondo Beach Police Relief Association, founded in 1965, is a small nonprofit that reported $272K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Net assets of $564K represent 25 months of operating reserves.

Mission

Provide services and benefits to the police officers' of the City of Redondo Beach, California. Theses services and benefits include legal representation, certain life and disability benefits, collective bargaining representation, sponsorships, and to provide programs, assistance, and education that enables the Association and its members to better serve the community.

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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 $73,457

Program Service Revenue $172,300

Investment Income $26,699

Other Revenue $0

TOTAL REVENUE $272,456

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $44,262

Program Expenses $189,958

Other Expenses $210,317

TOTAL EXPENSES $294,262

Year-over-Year Comparison

	2024	2023	Change
Revenue	$272,456	$299,119	-0.1%
Expenses	$294,262	$305,056	0.0%
Net Income	$-21,806	$-5,937	+2.7%

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

N/A

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
John Banach	President	10.00	Officer Director	$0	$0	$0
Brian Day	Vice President	10.00	Officer Director	$0	$0	$0
Kyle Lofstrom	Secretary	10.00	Officer Director	$0	$0	$0
Aaron Plugge	Treasurer	10.00	Officer Director	$0	$0	$0
Justin Korte	Director	10.00	Director	$0	$0	$0
Terrence Stevens	Director	10.00	Director	$0	$0	$0
Brett Manis	Director	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
2025	$272,456	$294,262	$564,011	$-21,806
2024	$299,119	$305,056	$576,997	$-5,937
2023	$264,345	$248,961	$489,844	$15,384
2022	$248,465	$235,974	$546,351	$12,491
2021	$222,621	$221,815	$514,904	$806
2020	$209,426	$249,723	$420,257	$-40,297
2019	$372,492	$245,825	$486,747	$126,667

Redondo Beach Police Relief Association