Civic Intelligence

Collateral Risk Network Inc.

990 • Fiscal year 2020 • EIN 84-3493409

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 30, 2021

Organization ProfileWWW.COLLATERALRISK.ORG
PO Box 1727Berlin, MD 21811

(513) 659-1656

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

95th percentile

1.27x

Higher debt load relative to assets than 95% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

94th percentile

0.88x

Higher debt load relative to revenue than 94% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

22nd percentile

-19%

Higher net margin than 22% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

99th percentile

$179,808

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 64.8% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

94th percentile

235%

Faster asset growth than 94% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$193,291

Up $135,590 (+235%) from 2019

Net Assets

Down

-$51,761

Down $51,761 from 2019

Liabilities

Up

$245,052

Up $187,351 (+325%) from 2019

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin22nd percentile

Revenue

Up

$277,358

Up $277,358 from 2019

Expenses

Up

$329,319

Up $329,319 from 2019

Net Income

Down

-$51,961

Down $51,961 from 2019

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0-$100KAssets 2019: $57,701Liabilities 2019: $57,701Net Assets 2019: $02019Assets 2020: $193,291Liabilities 2020: $245,052Net Assets 2020: -$51,7612020Assets 2021: $282,353Liabilities 2021: $268,777Net Assets 2021: $13,5762021Assets 2022: $234,278Liabilities 2022: $187,401Net Assets 2022: $46,8772022Assets 2023: $174,139Liabilities 2023: $138,685Net Assets 2023: $35,4542023

Highlighted filing

2020

Assets$193,291
Liabilities$245,052
Net Assets-$51,761
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $277,358Expenses 2020: $329,319Net Income 2020: -$51,9612020Revenue 2021: $347,086Expenses 2021: $304,225Net Income 2021: $42,8612021Revenue 2022: $350,932Expenses 2022: $317,631Net Income 2022: $33,3012022Revenue 2023: $264,445Expenses 2023: $275,868Net Income 2023: -$11,4232023

Highlighted filing

2020

Revenue$277,358
Expenses$329,319
Net Income-$51,961
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 30, 2021
Return Version
2020v4.0
Gross Receipts
$277,358
Mission and Program Overview

Mission

The mission of the collateral risk network, inc is to instill confidence in the housing market by creating an environment that promotes safe and sound collateral risk practices, policies and procedures under all economic conditions. A vibrant housing finance system is at its best when it works for all stakeholders.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$200$140,566▲ $140,366
Accounts Receivable-$52,725-
Total Assets$57,701$193,291▲ $135,590
Other Assets Total$57,501--
Liabilities
Other Liabilities-$245,052-
Deferred Revenue$57,501--
Total Liabilities$57,501$245,052▲ $187,551
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$200$-51,761▼ $51,961
Total Net Assets Fund Balance$200$-51,761▼ $51,961
Total Liabilities and Net Assets / Fund Balance$57,701$193,291▲ $135,590
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joan TricePresidentFT$129,808$50,000$179,808

Board Members and Trustees

NameTitle
Jillian WhiteBoard Member
Katherine Owen Bank of AmericaBoard Member
Kellie VacheBoard Member
Michael Moran Iberia BankBoard Member
Scott Rose Class ValuationsBoard Member
John Bredemeyer Realcorp IncSecretary
Alan Hummelfirst American Mort SolTreasurer
Brad Davis Morgan StanleyVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$277,358
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-51,961
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$198,310
Other Expenses$131,009
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$179,808-$179,808
Fees for Services Management-$45,833-$45,833
Fees for Services Legal-$16,305-$16,305
Fees for Services Accounting-$11,169-$11,169
All Other Expenses-$11,025-$11,025
Payroll Taxes-$10,810-$10,810
Other Salaries and Wages-$7,692-$7,692
Other Expenses-$4,897-$4,897
Fees for Services Other-$4,000-$4,000
Office Expenses-$2,541-$2,541
Travel-$2,286-$2,286
Advertising-$1,677-$1,677
Total Functional Expenses$0$329,319$0$329,319
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Corporate Associate Dues$140,685
Accrued Officer Wages$50,000
Crn Sponsorship Next Yr$20,000
Lender Associate Dues$18,900
Individual Associate Dues$12,800
Payroll Liabilities$2,500
Credit Card - Amnex$167
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“The organization has one primary director and stockholder, joan trice. There are also seven organization trustees who are members of the board of directors.”

Form 990, Page 6, Part VI, Line 7A

“The organization has a nominating committee that evaluates the board of directors and examines the skills and characteristics needed in board candidates. At each annual meeting of the board, the directors shall elect the new directors.”

Form 990, Page 6, Part VI, Line 7B

“Decisions are made based on approval by the board of directors.”

Form 990, Page 6, Part VI, Line 11B

“Teh 990 is reviewed by the ceo prior to filing”

Form 990, Page 6, Part VI, Line 15A

“Compensation of the ceo is reviewd and approved annually by the board of directors”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Collateral Risk Network Inc
EIN
84-3493409
Phone
5136591656
Address
PO BOX 1727, BERLIN, MD 21811

Signing Officer

Name
Joan Trice
Title
President
Phone
5136591656
Signed
2021-06-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joan Trice
Formed
2019
Legal Domicile
Md
Voting Board Members
8
Independent Board Members
8
Employees
2

Preparer

Firm
Trs CPA Group Pa
Address
1405 WESLEY DR, SALISBURY, MD 21801
Preparer
Robert L Stephens CPA
Phone
4107491919
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The mission of the collateral risk network, inc is to instill confidence in the housing market by creating an environment that promotes safe and sound collateral risk practices, policies and procedures under all economic conditions. A vibrant housing finance system is at its best when it works for all stakeholders.”

Form 990, Part XI, Line 9

“CONTRIBUTIONS 0”

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF THE COLLATERAL RISK NETWORK, INC IS TO INSTILL CONFIDENCE IN THE HOUSING MARKET BY CREATING AN ENVIRONMENT THAT PROMOTES SAFE AND SOUND COLLATERAL RISK PRACTICES, POLICIES AND PROCEDURES UNDER ALL ECONOMIC CONDITIONS. A VIBRANT HOUSING FINANCE SYSTEM IS AT ITS BEST WHEN IT WORKS FOR ALL STAKEHOLDERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS ONE PRIMARY DIRECTOR AND STOCKHOLDER, JOAN TRICE. THERE ARE ALSO SEVEN ORGANIZATION TRUSTEES WHO ARE MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS A NOMINATING COMMITTEE THAT EVALUATES THE BOARD OF DIRECTORS AND EXAMINES THE SKILLS AND CHARACTERISTICS NEEDED IN BOARD CANDIDATES. AT EACH ANNUAL MEETING OF THE BOARD, THE DIRECTORS SHALL ELECT THE NEW DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DECISIONS ARE MADE BASED ON APPROVAL BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TEH 990 IS REVIEWED BY THE CEO PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION OF THE CEO IS REVIEWD AND APPROVED ANNUALLY BY THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CONTRIBUTIONS 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0193291
IRS990/TotalAssetsGrp/BOYAmt057701
IRS990/TotalAssetsGrp/EOYAmt0193291
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IRS990/TotalContributionsAmt0277358
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0329319
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0329319
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt057501
IRS990/TotalLiabilitiesEOYAmt0245052
IRS990/TotalLiabilitiesGrp/BOYAmt057501
IRS990/TotalLiabilitiesGrp/EOYAmt0245052
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0200
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-51761
IRS990/TotalReportableCompFromOrgAmt0179808
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0277358
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt057701
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0193291
IRS990/TravelGrp/ManagementAndGeneralAmt02286
IRS990/TravelGrp/TotalAmt02286
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0SARASOTA
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd034236
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.COLLATERALRISK.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOAN TRICE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05136591656
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-06-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COLLATERAL RISK NETWORK INC
ReturnHeader/Filer/BusinessNameControlTxt0COLL
ReturnHeader/Filer/EIN0843493409
ReturnHeader/Filer/PhoneNum05136591656
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1727
ReturnHeader/Filer/USAddress/CityNm0BERLIN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0521040807
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TRS CPA GROUP PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01405 WESLEY DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SALISBURY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021801
ReturnHeader/PreparerPersonGrp/PhoneNum04107491919
ReturnHeader/PreparerPersonGrp/PreparationDt02022-03-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT L STEPHENS CPA
ReturnHeader/ReturnTs02022-03-02T15:21:50-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0TRICE
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$193,291
Liabilities
$245,052
Net assets
-$51,761
Revenue
$277,358
Expenses
$329,319
Net income
-$51,961
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$1.74$1.39$0.35$2.64$2.76$0.11
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.34$1.87$0.47$3.51$3.18$0.33
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.82$2.69$0.14$3.47$3.04$0.43
2020Detailed filing. Detailed filing data is available for this year.$1.93$2.45$0.52$2.77$3.29$0.52
2019Summary only. Only limited summary data is available for this year.$0.58$0.58$0.00$0.00$0.00$0.00