MELROSE POLICE RELIEF CORP C/O JOH… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1906

Legal Domicile

Principal Officer

JOHN GOODHUE

Phone

7815728596

Tax Period

2024-01-01 to 2024-12-31

MELROSE POLICE RELIEF CORP C/O JOHN GOODHUE, founded in 1906, is a micro nonprofit that reported $41K in total revenue in fiscal year 2024. Revenue surged 176% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11K, a strong 27% operating margin.

Mission

TO PROVIDE A RETIREMENT (OR DEATH) BENEFIT TO ALL MEMBERS OF THE MELROSE POLICE RELIEF CORPORATION.

Program Service Accomplishments

Program 1

Expenses: $10,000

THE MELROSE POLICE RELIEF CORPORATION PROVIDES A RETIREMENT (OR DEATH) BENEFIT TO ALL MEMBERS (OR THE SURVIVING SPOUSES OF THE MEMBERS) OF THE CORPORATION. . DURING THE YEAR ENDED DECEMBER 31, 2024...

Program 2

Expenses: $3,000

IN ITS DISCRETION, TO PROMOTE GOODWILL BY PROVIDING FINANCIAL ASSISTANCE TO QUALIFIED INDIVIDUALS AND ORGANIZATIONS IN AND AROUND MELROSE, MA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,650

Program Service Revenue $0

Investment Income $32,729

Other Revenue $3,856

TOTAL REVENUE $41,235

Expense Breakdown

Grants Paid $13,000

Salaries & Benefits $4,400

Fundraising Expenses $0

Program Expenses $13,000

Other Expenses $12,707

TOTAL EXPENSES $30,107

Year-over-Year Comparison

	2024	2023	Change
Revenue	$41,235	$14,944	+1.8%
Expenses	$30,107	$44,522	-0.3%
Net Income	$11,128	$-29,578	-1.4%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$4,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN GOODHUE	PRESIDENT	2.00	Officer	$1,500	$0	$1,500
DANIEL R RIORDAN	TREASURER	2.00	Officer	$1,500	$0	$1,500
STEPHEN GALVIN	SECRETARY	2.00	Officer	$700	$0	$700
PAUL NORTON	VICE PRESIDE	2.00	Officer	$700	$0	$700
LEONARD FORD	TRUSTEE	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	$41,235	$30,107	$446,628	$11,128
2023	$14,944	$44,522	$411,891	$-29,578
2022	$28,090	$51,508	$401,369	$-23,418
2021	$53,774	$73,553	$521,634	$-19,779
2020	$21,428	$43,598	$534,174	$-22,170
2019	$39,491	$25,666	$501,982	$13,825

MELROSE POLICE RELIEF CORP C/O JOHN GOODHUE