SALEM POLICE BENEVOLENT ASSOCIATION (EIN 020456648) - Form 990 Financial Analysis & Trantor Score

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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

1992

Legal Domicile

Principal Officer

CHRISTINE DUGAS

Phone

6038931911

Tax Period

2024-01-01 to 2024-12-31

SALEM POLICE BENEVOLENT ASSOCIATION, founded in 1992, is a small nonprofit in the Community Improvement sector that reported $138K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $59K, a strong 42% operating margin.

Mission

TO FOSTER A SPIRIT OF UNDERSTANDING AND SOLIDARITY WITH THE COMMUNITY AND TO ENRICH THE COMMUNITY BY PROVIDING SCHOLARSHIPS TO HIGH SCHOOL GRADUATES PURSING A CAREER IN LAW ENFORCEMENT, PROVIDING SUPPLEMENTAL DISABILITY PAYMENTS TO OFFICERS INJURED IN THE LINE OF DUTY AND PROVIDE BEREAVEMENT STIPENDS TO THE FAMILIES OF DECEASED OFFICERS.

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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 $0

Program Service Revenue $0

Investment Income $8,182

Other Revenue $129,704

TOTAL REVENUE $137,886

Expense Breakdown

Grants Paid $69,223

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $69,223

Other Expenses $10,071

TOTAL EXPENSES $79,294

Year-over-Year Comparison

	2024	2023	Change
Revenue	$137,886	$125,224	+0.1%
Expenses	$79,294	$103,935	-0.2%
Net Income	$58,592	$21,289	+1.8%

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
ASHLEY ANDREWS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE DUGAS	PRESIDENT	5.00	Director	$0	$0	$0
MICHAEL MCCARTHY	TREASURER	5.00	Director	$0	$0	$0
DIANA MCMAHON	DIRECTOR	1.00	Director	$0	$0	$0
BETH PAPPALARDO	VICE PRESIDE	2.00	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
2024	$137,886	$79,294	$525,969	$58,592

SALEM POLICE BENEVOLENT ASSOCIATION