Civic Intelligence

Collateral Risk Network Inc.

990 • Fiscal year 2021 • EIN 84-3493409

Jan 01, 2021 to Dec 31, 2021 • Filed on Jan 18, 2022

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

94th percentile

0.95x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

93rd percentile

0.77x

Higher debt load relative to revenue than 93% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

55th percentile

12%

Higher net margin than 55% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

99th percentile

$175,000

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 50.4% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

79th percentile

46%

Faster asset growth than 79% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

65th percentile

25%

Faster revenue growth than 65% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$282,353

Up $89,062 (+46%) from 2020

Net Assets

Up

$13,576

Up $65,337 (+126%) from 2020

Liabilities

Up

$268,777

Up $23,725 (+9.7%) from 2020

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin55th percentile

Revenue

Up

$347,086

Up $69,728 (+25%) from 2020

Expenses

Down

$304,225

Down $25,094 (-7.6%) from 2020

Net Income

Up

$42,861

Up $94,822 (+182%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth79th 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

2021

Assets$282,353
Liabilities$268,777
Net Assets$13,576
Open 2021 Filing

Operations Trend

Revenue Growth65th percentile

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

2021

Revenue$347,086
Expenses$304,225
Net Income$42,861
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jan 18, 2022
Return Version
2021v4.0
Gross Receipts
$347,086
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$140,566$224,054▲ $83,488
Accounts Receivable$52,725$58,299▲ $5,574
Total Assets$193,291$282,353▲ $89,062
Liabilities
Other Liabilities$245,052$268,777▲ $23,725
Total Liabilities$245,052$268,777▲ $23,725
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-51,761$13,576▲ $65,337
Total Net Assets Fund Balance$-51,761$13,576▲ $65,337
Total Liabilities and Net Assets / Fund Balance$193,291$282,353▲ $89,062
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joan TricePresidentFT$125,000$50,000$175,000

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
$347,086
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$42,861
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$240,543
Other Expenses$63,682
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-$175,000-$175,000
Other Salaries and Wages-$50,000-$50,000
Payroll Taxes-$15,543-$15,543
All Other Expenses-$12,717-$12,717
Fees for Services Accounting-$6,139-$6,139
Travel-$5,499-$5,499
Other Expenses-$5,427-$5,427
Fees for Services Legal-$4,418-$4,418
Insurance-$2,814-$2,814
Office Expenses-$289-$289
Advertising-$5-$5
Total Functional Expenses$0$304,225$0$304,225
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$166,179
Accrued Officer Wages$50,000
Crn Sponsorship Next Yr$25,000
Individual Associate Dues$19,200
Lender Associate Dues$5,798
Payroll Liabilities$1,602
1st Qtr 2022 Event$998
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
2022-01-18
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 ppp loan forgiveness 22,476 total 22,476”

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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 PPP LOAN FORGIVENESS 22,476 TOTAL 22,476
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0193291
IRS990/TotalAssetsEOYAmt0282353
IRS990/TotalAssetsGrp/BOYAmt0193291
IRS990/TotalAssetsGrp/EOYAmt0282353
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt0347086
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0304225
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0304225
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0245052
IRS990/TotalLiabilitiesEOYAmt0268777
IRS990/TotalLiabilitiesGrp/BOYAmt0245052
IRS990/TotalLiabilitiesGrp/EOYAmt0268777
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-51761
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt013576
IRS990/TotalReportableCompFromOrgAmt0175000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0347086
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0193291
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0282353
IRS990/TravelGrp/ManagementAndGeneralAmt05499
IRS990/TravelGrp/TotalAmt05499
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0568 BIRD KEY DR
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/SignatureDt02022-01-18
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
ReturnHeader/Filer/USAddress/ZIPCd021811
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/PreparationDt02022-02-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT L STEPHENS CPA
ReturnHeader/ReturnTs02022-02-14T16:19:29-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0TRICE
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$282,353
Liabilities
$268,777
Net assets
$13,576
Revenue
$347,086
Expenses
$304,225
Net income
$42,861
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
2021Detailed filing. Detailed filing data is available for this year.$2.82$2.69$0.14$3.47$3.04$0.43
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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