RETIRED BOSTON POLICE OFFICERS ASSOCIATION (EIN 043462466) - 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

1998

Principal Officer

RICHARD DEVOE

Phone

6173234500

Tax Period

2024-01-01 to 2024-12-31

RETIRED BOSTON POLICE OFFICERS ASSOCIATION, founded in 1998, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $62K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $70K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO ASSIST RETIRED POLICE OFFICERS,FAMILIES AND COMMUNITY

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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 $41,106

Program Service Revenue $0

Investment Income $10,620

Other Revenue $10,144

TOTAL REVENUE $61,870

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $3,636

Program Expenses $50,019

Other Expenses $70,191

TOTAL EXPENSES $70,191

Year-over-Year Comparison

	2024	2023	Change
Revenue	$61,870	$98,331	-0.4%
Expenses	$70,191	$106,774	-0.3%
Net Income	$-8,321	$-8,443	0.0%

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

$8,225

Total Directors

$5,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD DEVOE	PRESIDENT	N/A	Officer	$2,175	$0	$2,175
JOHN KELLY	SECRETARY	N/A	Officer	$2,175	$0	$2,175
MARY ANN RIVA	TREASURER	10.00	Officer	$2,075	$0	$2,075
MARTIN COLUMBO	VICE PRESIDE	N/A	Officer	$1,800	$0	$1,800
WILLIAM CASEY	DIRECTOR	N/A	Director	$1,400	$0	$1,400
HERBERT L SPELLMAN	DIRECTOR	N/A	Director	$1,075	$0	$1,075
CARMEL PRECIA	DIRECTOR	N/A	Director	$975	$0	$975
WILLIAM FUCILLO	DIRECTOR	N/A	Director	$875	$0	$875
JOHN CONNOLLY	DIRECTOR	N/A	Director	$675	$0	$675

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	$61,870	$70,191	$92,438	$-8,321
2023	$98,331	$106,774	$102,119	$-8,443
2022	$133,250	$128,152	$109,201	$5,098
2021	$87,238	$86,949	$104,103	$289
2020	$97,449	$85,676	$103,814	$11,773
2019	$82,585	$42,164	$92,041	$40,421
2018	$54,250	$58,734	$51,620	$-4,484

RETIRED BOSTON POLICE OFFICERS ASSOCIATION