Andover Police Relief Association Inc

EIN: 046340282

Andover, MA

Total Revenue
$48,385
Total Expenses
$45,890
Total Assets
$355,378
Net Assets
$355,378
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1950
Legal Domicile
MA
Phone
9784750411
Tax Period
2020-01-01 to 2020-12-31

Andover Police Relief Association Inc, founded in 1950, is a micro nonprofit that reported $48K in total revenue in fiscal year 2020. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $46K left a modest 5% surplus.

Mission

Benefit the Police Department members, their widows and orphans.

Program Service Accomplishments

Program 1
Expenses: $25,875

To benefit the sworn employees of the Andover Police Department (members), their widows and orphans in case of need due to the members disability, accident, retirement or death.

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $3
Program Service Revenue $4,500
Investment Income $41,519
Other Revenue $2,363
TOTAL REVENUE $48,385

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,500
Fundraising Expenses $0
Program Expenses $25,875
Other Expenses $17,390
TOTAL EXPENSES $45,890

Year-over-Year Comparison

2020 2019 Change
Revenue $48,385 $44,300 +0.1%
Expenses $45,890 $14,428 +2.2%
Net Income $2,495 $29,872 -0.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
N/A
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
$3,500
Total Directors
4
$3,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH DAVIES President 3.00
Officer Director
$1,000 $0 $1,000
David Milne Treasurer 2.00
Officer Director
$1,000 $0 $1,000
MICHAEL ANDERSON SECRETARY-PART 2.00
Officer Director
$750 $0 $750
EDWARD GUY III Vice President 2.00
Officer Director
$750 $0 $750
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
2020 $48,385 $45,890 $355,378 $2,495
2020 $48,385 $45,890 $355,378 $2,495
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