Civic Intelligence

Collateral Risk Network Inc.

990 • Fiscal year 2024 • EIN 84-3493409

Jan 01, 2024 to Dec 31, 2024 • Filed on Feb 01, 2025

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

95th percentile

1.14x

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

1.60x

Higher debt load relative to revenue than 97% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

9th percentile

-57%

Higher net margin than 9% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

94th percentile

$62,500

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 61.7% of source-year revenue.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

25th percentile

-18%

Faster asset growth than 25% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

8th percentile

-62%

Faster revenue growth than 8% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$142,617

Down $31,522 (-18%) from 2023

Net Assets

Down

-$19,850

Down $55,304 (-156%) from 2023

Liabilities

Up

$162,467

Up $23,782 (+17%) from 2023

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin9th percentile

Revenue

Down

$101,276

Down $163,169 (-62%) from 2023

Expenses

Down

$159,441

Down $116,427 (-42%) from 2023

Net Income

Down

-$58,165

Down $46,742 (-409%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth25th 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 2024: $142,617Liabilities 2024: $162,467Net Assets 2024: -$19,8502024

Highlighted filing

2024

Assets$142,617
Liabilities$162,467
Net Assets-$19,850
Open 2024 Filing

Operations Trend

Revenue Growth8th 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 2024: $101,276Expenses 2024: $159,441Net Income 2024: -$58,1652024

Highlighted filing

2024

Revenue$101,276
Expenses$159,441
Net Income-$58,165
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 1, 2025
Return Version
2024v5.0
Gross Receipts
$101,276
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$99,403$87,364▼ $12,039
Cash and Non-Interest-Bearing Accounts$74,961$55,387▼ $19,574
Total Assets$174,139$142,617▼ $31,522
Other Assets Total$-225$-134▲ $91
Liabilities
Other Liabilities$135,885$162,467▲ $26,582
Accounts Payable and Accrued Expenses$2,800--
Total Liabilities$138,685$162,467▲ $23,782
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$35,454$-19,850▼ $55,304
Total Net Assets Fund Balance$35,454$-19,850▼ $55,304
Total Liabilities and Net Assets / Fund Balance$174,139$142,617▼ $31,522
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Joan TricePresdientPT$62,500$62,500

Board Members and Trustees

NameTitle
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
$101,276
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-58,165
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$92,160
Salaries, Compensation, and Employee Benefits$67,281
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$32,500$30,000-$62,500
Fees for Services Other-$19,884-$19,884
Fees for Services Accounting-$10,475-$10,475
Travel-$9,958-$9,958
Payroll Taxes-$4,781-$4,781
Office Expenses-$3,575-$3,575
Insurance-$2,619-$2,619
All Other Expenses-$2,099-$2,099
Other Expenses-$1,954-$1,954
Advertising-$1,922-$1,922
Conferences and Meetings-$475-$475
Interest-$142-$142
Total Functional Expenses$32,500$126,941$0$159,441
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$159,281
Individual Associate Dues$1,866
Due to Altera Group$1,000
Credit Card - Amnex$278
Payroll Liabilities$42
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
Presdient
Phone
5136591656
Signed
2025-02-01
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
1

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.”

Form 990, Page 2, Part III, Line 4D

“Collateral risk education”

Form 990, Part IX, Line 11G

“Professional fees 0 19,884 0”

Form 990, Part XI, Line 9

“2,861”

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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/ExplanationTxt1COLLATERAL RISK EDUCATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS ONE PRIMARY DIRECTOR, JOAN TRICE. THERE ARE ALSO SEVEN ORGANIZATION TRUSTEES WHO ARE MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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/ExplanationTxt4DECISIONS ARE MADE BASED ON APPROVAL BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TEH 990 IS REVIEWED BY THE CEO PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COMPENSATION OF THE CEO IS REVIEWED AND APPROVED ANNUALLY BY THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8PROFESSIONAL FEES 0 19,884 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt92,861
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 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/TotalAssetsBOYAmt0174139
IRS990/TotalAssetsEOYAmt0142617
IRS990/TotalAssetsGrp/BOYAmt0174139
IRS990/TotalAssetsGrp/EOYAmt0142617
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0101276
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0126941
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt032500
IRS990/TotalFunctionalExpensesGrp/TotalAmt0159441
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0138685
IRS990/TotalLiabilitiesEOYAmt0162467
IRS990/TotalLiabilitiesGrp/BOYAmt0138685
IRS990/TotalLiabilitiesGrp/EOYAmt0162467
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt035454
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-19850
IRS990/TotalOtherProgSrvcExpenseAmt032500
IRS990/TotalProgramServiceExpensesAmt032500
IRS990/TotalReportableCompFromOrgAmt062500
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0101276
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0174139
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0142617
IRS990/TravelGrp/ManagementAndGeneralAmt09958
IRS990/TravelGrp/TotalAmt09958
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0525 N ORANGE AVE
IRS990/USAddress/AddressLine2Txt0STE 204
IRS990/USAddress/CityNm0SARASOTA
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd034236
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.COLLATERALRISK.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOAN TRICE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESDIENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05136591656
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-01
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/PreparationDt02025-02-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT L STEPHENS CPA
ReturnHeader/ReturnTs02025-02-07T11:52:19-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$142,617
Liabilities
$162,467
Net assets
-$19,850
Revenue
$101,276
Expenses
$159,441
Net income
-$58,165
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.43$1.62$0.20$1.01$1.59$0.58
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