STATE POLICE ASSOCIATION OF MASSACHUSETTS (EIN 042462459) - 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

1968

Legal Domicile

Principal Officer

BRENDAN MURPHY

Phone

6175230130

Tax Period

2023-11-01 to 2024-10-31

STATE POLICE ASSOCIATION OF MASSACHUSETTS, founded in 1968, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $985K, a strong 30% operating margin.

Mission

SUPPORT THE SERGEANTS AND TROOPS OF THE MASSACHUSETTS STATE POLICE IN LITIGATION AND ARBITRATION FOR COLLECTIVE BARGAINING AND LABOR RELATIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,206,276

Investment Income $87,901

Other Revenue $12

TOTAL REVENUE $3,294,189

Expense Breakdown

Grants Paid $57,267

Salaries & Benefits $711,842

Fundraising Expenses $0

Other Expenses $1,457,678

TOTAL EXPENSES $2,309,061

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,294,189	$3,005,100	+0.1%
Expenses	$2,309,061	$2,165,625	+0.1%
Net Income	$985,128	$839,475	+0.2%

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

N/A

Employees

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

$242,864

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER DONAHUE	TREASURER (P)	40.00	Officer	$65,058	$0	$65,058
PATRICK MCNAMARA	PRESIDENT (P)	40.00	Officer	$76,078	$0	$76,078
LUKE BONIN	VICE PRESIDENT	16.00	Officer	$38,039	$0	$38,039
MATTHEW KANE	SECRETARY	30.00	Officer	$38,039	$0	$38,039
BRIAN WILLIAMS	PRESIDENT	40.00	Officer	$0	$0	$0
BRENDAN MURPHY	TREASURER	40.00	Officer	$25,650	$0	$25,650

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	$3,294,189	$2,309,061	$5,323,115	$985,128
2023	$3,005,100	$2,165,625	$4,240,695	$839,475
2022	$2,772,709	$1,809,819	$3,303,835	$962,890
2021	$2,819,903	$1,927,828	$2,658,289	$892,075
2020	$2,554,653	$2,173,263	$1,789,517	$381,390
2019	$2,233,433	$2,950,857	$1,424,966	$-717,424
2018	$2,359,716	$2,381,798	$2,188,885	$-22,082

STATE POLICE ASSOCIATION OF MASSACHUSETTS