Is Franklin Police Relief Association Legit?

The Franklin Police Relief Association appears to be a very small organization with minimal financial activity. In 2022, it reported only $1 in revenue and $3,689 in expenses, resulting in a net loss for the year. Its assets stood at $7,775 with no liabilities, indicating a stable but very limited financial base. Over the past decade, its revenue and expenses have consistently been in the low thousands, with assets typically ranging from $5,000 to $16,000. The organization consistently reports 0% officer compensation, which is a positive indicator for donor confidence regarding executive pay. Given its small scale, the organization's financial health is not robust in terms of generating significant revenue or accumulating substantial assets. However, its consistent operation over many years with no liabilities suggests a degree of fiscal responsibility within its limited scope. The lack of detailed program spending information in the provided data makes it difficult to fully assess spending efficiency beyond the fact that no officer compensation is reported. Transparency is generally good regarding the availability of its 990 filings, but the limited financial activity itself means there's less to scrutinize. Overall, the Franklin Police Relief Association operates on a very modest budget, primarily covering expenses with fluctuating revenue. Its financial stability is maintained by keeping liabilities at zero and managing expenses within its means, albeit often incurring small annual deficits. The absence of officer compensation is a notable strength in its financial practices.