MELROSE POLICE RELIEF CORP C/O JOHN GOODHUE (EIN 046061211) - 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

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.

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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 $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

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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

$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