ESSEX COUNTY CORRECTIONAL OFFICERS ASSOCIATION (EIN 043386267) - 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

1997

Legal Domicile

Principal Officer

MICHAEL J MCNEIL

Phone

9787746372

Tax Period

2023-01-01 to 2023-12-31

ESSEX COUNTY CORRECTIONAL OFFICERS ASSOCIATION, founded in 1997, is a small nonprofit in the Employment sector that reported $249K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $283K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE ORGANIZATION IS A LABOR UNION REPRESENTING AND SERVICING MEMBERS WHO ARE CORRECTIONAL OFFICERS OF ESSEX COUNTY, MA.

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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 $248,835

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $248,835

Expense Breakdown

Grants Paid $6,796

Salaries & Benefits $36,075

Fundraising Expenses $0

Other Expenses $240,415

TOTAL EXPENSES $283,286

Year-over-Year Comparison

	2023	2022	Change
Revenue	$248,835	$273,329	-0.1%
Expenses	$283,286	$257,595	+0.1%
Net Income	$-34,451	$15,734	-3.2%

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

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

$24,000

Total Directors

$24,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENT GRAHAM	SECRETARY	3.00	Officer Director	$4,000	$0	$4,000
KEITH REPPUCCI	OUTGOING VP	3.00	Officer Director	$5,000	$0	$5,000
LEWIS POTVIN	INCOMING VP	3.00	Officer Director	$4,000	$0	$4,000
MARK DUQUETTE	PRESIDENT	3.00	Officer Director	$6,500	$0	$6,500
MICHAEL J MCNEIL	TREASURER	3.00	Officer Director	$4,500	$0	$4,500

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	No data	No data	No data	No data
2023	$248,835	$283,286	$325,054	$-34,451
2022	$273,329	$257,595	$361,194	$15,734
2021	$280,264	$326,735	$345,460	$-46,471
2020	$236,363	$204,433	$389,665	$31,930
2019	$246,131	$228,454	$357,586	$17,677
2018	$241,290	$186,321	$339,730	$54,969

ESSEX COUNTY CORRECTIONAL OFFICERS ASSOCIATION