Civic Intelligence

Collateral Risk Network Inc.

990 • Fiscal year 2023 • EIN 84-3493409

Jan 01, 2023 to Dec 31, 2023 • Filed on Jan 09, 2024

Organization ProfileWWW.COLLATERALRISK.ORG
1405 Wesley DrSalisbury, MD 21801

(513) 659-1656

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.80x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

92nd percentile

0.52x

Higher debt load relative to revenue than 92% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

34th percentile

-4.3%

Higher net margin than 34% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

20th percentile

-26%

Faster asset growth than 20% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

22nd percentile

-25%

Faster revenue growth than 22% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Flat

$174,139

Flat from 2023

Net Assets

Flat

$35,454

Flat from 2023

Liabilities

Flat

$138,685

Flat from 2023

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin34th percentile

Revenue

Flat

$264,445

Flat from 2023

Expenses

Flat

$275,868

Flat from 2023

Net Income

Flat

-$11,423

Flat from 2023

Historical Trend

Balance Sheet Trend

Asset Growth20th 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: $35,4542023Assets 2023: $174,139Liabilities 2023: $138,685Net Assets 2023: $35,4542023

Highlighted filing

2023

Assets$174,139
Liabilities$138,685
Net Assets$35,454
Open 2023 Filing

Operations Trend

Revenue Growth22nd 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: -$11,4232023Revenue 2023: $264,445Expenses 2023: $275,868Net Income 2023: -$11,4232023

Highlighted filing

2023

Revenue$264,445
Expenses$275,868
Net Income-$11,423
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jan 9, 2024
Return Version
2023v4.0
Gross Receipts
$264,445
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
Accounts Receivable$96,900$99,403▲ $2,503
Cash and Non-Interest-Bearing Accounts$137,245$74,961▼ $62,284
Total Assets$234,278$174,139▼ $60,139
Other Assets Total$133$-225▼ $358
Liabilities
Other Liabilities$187,401$135,885▼ $51,516
Accounts Payable and Accrued Expenses-$2,800-
Total Liabilities$187,401$138,685▼ $48,716
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$46,877$35,454▼ $11,423
Total Net Assets Fund Balance$46,877$35,454▼ $11,423
Total Liabilities and Net Assets / Fund Balance$234,278$174,139▼ $60,139
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Joan TricePresident
Bob SmithBoard Member
Chris KnightBoard Member
Katherine Owen Umpqua BankBoard Member
Ken DicksBoard Member
Kristine HughesSecretary
Wes McdanielTreasurer
Brad Davis Morgan StanleyVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$264,445
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-11,423
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$139,500
Other Expenses$136,368
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$129,327-$129,327
Travel-$18,369-$18,369
Fees for Services Accounting-$15,424-$15,424
All Other Expenses-$10,494-$10,494
Payroll Taxes-$10,173-$10,173
Advertising-$5,625-$5,625
Other Expenses-$4,016-$4,016
Insurance-$2,614-$2,614
Office Expenses-$2,566-$2,566
Fees for Services Other-$2,343-$2,343
Interest-$283-$283
Conferences and Meetings-$249-$249
Total Functional Expenses$0$275,868$0$275,868
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$118,223
Individual Associate Dues$10,400
Credit Card - Amnex$4,606
Payroll Liabilities$1,656
Crn Sponsorship Next Yr$1,000
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, 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 reviewed 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
1405 WESLEY DR, SALISBURY, MD 21801

Signing Officer

Name
Joan Trice
Title
President
Phone
5136591656
Signed
2024-01-09
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
Compass US Accountants & Advisors (sal)
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.”

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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, 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 REVIEWED AND APPROVED ANNUALLY BY THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0234278
IRS990/TotalAssetsEOYAmt0174139
IRS990/TotalAssetsGrp/BOYAmt0234278
IRS990/TotalAssetsGrp/EOYAmt0174139
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0264445
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0275868
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0275868
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0187401
IRS990/TotalLiabilitiesEOYAmt0138685
IRS990/TotalLiabilitiesGrp/BOYAmt0187401
IRS990/TotalLiabilitiesGrp/EOYAmt0138685
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt046877
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt035454
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0264445
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0234278
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0174139
IRS990/TravelGrp/ManagementAndGeneralAmt018369
IRS990/TravelGrp/TotalAmt018369
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01405 WESLEY DRIVE
IRS990/USAddress/CityNm0SALISBURY
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd021801
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.COLLATERALRISK.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOAN TRICE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05136591656
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-01-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COLLATERAL RISK NETWORK INC
ReturnHeader/Filer/BusinessNameControlTxt0COLL
ReturnHeader/Filer/EIN0843493409
ReturnHeader/Filer/PhoneNum05136591656
ReturnHeader/Filer/USAddress/AddressLine1Txt01405 WESLEY DR
ReturnHeader/Filer/USAddress/CityNm0SALISBURY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd021801
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0814693463
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COMPASS US ACCOUNTANTS & ADVISORS (SAL)
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01405 WESLEY DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SALISBURY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021801
ReturnHeader/PreparerPersonGrp/PhoneNum04107491919
ReturnHeader/PreparerPersonGrp/PreparationDt02024-02-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT L STEPHENS CPA
ReturnHeader/ReturnTs02024-02-21T12:26:24-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0TRICE
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$174,139
Liabilities
$138,685
Net assets
$35,454
Revenue
$264,445
Expenses
$275,868
Net income
-$11,423
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$1.74$1.39$0.35$2.64$2.76$0.11
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
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