BANGOR POLICE RELIEF ASSOCIATION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

JOSEPH ORCUTT

Phone

2079427382

Tax Period

2024-11-01 to 2025-10-31

BANGOR POLICE RELIEF ASSOCIATION, founded in 1988, is a micro nonprofit that reported $67K in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $22K, a strong 33% operating margin.

Mission

THE ORGANIZATION'S EXEMPT PURPOSE IS TO PROVIDE DEATH BENEFITS TO THE SURVIVOR OF AN INDIVIDUAL MEMBER OF THE BANGOR POLICE RELIEF ASSOCIATION.

Program Service Accomplishments

Program 1

Expenses: $18,000

THE ASSOCIATION PROVIDES DEATH BENEFITS TO THE SURVIVOR OF AN INDIVIDUAL MEMBER OF THE BANGOR POLICE RELIEF ASSOCIATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,576

Program Service Revenue $0

Investment Income $59,024

Other Revenue $0

TOTAL REVENUE $66,600

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $18,000

Other Expenses $26,802

TOTAL EXPENSES $44,802

Year-over-Year Comparison

	2024	2023	Change
Revenue	$66,600	$110,500	-0.4%
Expenses	$44,802	$51,009	-0.1%
Net Income	$21,798	$59,491	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH ORCUTT	PRESIDENT	1.00	Officer Director	$0	$0	$0
KEITH LARBY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DOUG SMITH	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT WELCH	TREASURER	1.00	Officer Director	$0	$0	$0
CLIFFORD WORCESTER	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE BRYANT	DIRECTOR	1.00	Director	$0	$0	$0
LUCAS LIBBY	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$66,600	$44,802	$1,616,350	$21,798
2024	$110,500	$51,009	$1,451,210	$59,491
2023	$69,624	$17,675	$1,205,138	$51,949
2022	$34,027	$45,552	$1,173,107	$-11,525
2021	$62,122	$25,620	$1,386,716	$36,502
2020	$57,122	$26,630	$1,130,890	$30,492
2019	$53,957	$20,058	$1,116,307	$33,899
2018	$100,790	$21,034	$1,032,918	$79,756