NEWTON POLICE ASSOC (EIN 043199581) - 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

1960

Legal Domicile

Principal Officer

DANIEL ANDERSON

Phone

5084007506

Tax Period

2024-07-01 to 2025-06-30

NEWTON POLICE ASSOC, founded in 1960, is a small nonprofit that reported $126K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $108K left a modest 14% surplus.

Mission

TO PROMOTE AND ADVANCE THE MEMBERS OF THE NEWTON, MASS POLICE DEPARTMENT IN CONNECTION WITH THEIR HEALTH, WELFARE AND SAFETY AND TO ASSIST IN UPHOLDING MEMBERS' RIGHTS IN DISCIPLINARY CASES AND TO PROVIDE COLLECTIVE BARGAINING ASSISTANCE AS NEEDED.

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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 $123,075

Program Service Revenue $0

Investment Income $3,334

Other Revenue $0

TOTAL REVENUE $126,409

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,000

Fundraising Expenses $0

Other Expenses $81,222

TOTAL EXPENSES $108,222

Year-over-Year Comparison

	2024	2023	Change
Revenue	$126,409	$148,596	-0.1%
Expenses	$108,222	$117,127	-0.1%
Net Income	$18,187	$31,469	-0.4%

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

$27,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS O'BRIEN	VICE PRESIDENT	10.00	Officer	$4,800	$0	$4,800
ALEXANDER COLETTI	SECRETARY	5.00	Officer	$3,000	$0	$3,000
JOHN PANICA	PRESIDENT	10.00	Officer	$9,600	$0	$9,600
MICHAEL IAROSSI	CHIEF STEWARD	5.00	Officer	$3,000	$0	$3,000
ADAM GABRIEL	DAY REPRESENTATIVE	2.00	Officer	$1,200	$0	$1,200
DANIEL ANDERSON	TREASURER	10.00	Officer	$3,000	$0	$3,000
SEAN STAKE	NIGHT REPRESENTATIVE	2.00	Officer	$1,200	$0	$1,200
MATTHEW COLELLA	SPECIALIST REPRESENTATIVE	5.00	Officer	$1,200	$0	$1,200

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	$126,409	$108,222	$219,322	$18,187
2024	$148,596	$117,127	$190,009	$31,469
2023	$110,655	$119,804	$140,022	$-9,149
2022	$135,951	$145,902	$143,460	$-9,951
2021	$132,537	$142,089	$212,331	$-9,552
2020	$162,092	$204,706	$191,002	$-42,614
2019	$129,105	$171,639	$235,262	$-42,534
2018	$145,897	$113,758	$278,583	$32,139

NEWTON POLICE ASSOC