NEWPORT RI POLICE FUND ASSN (EIN 056015176) - 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

1983

Legal Domicile

Principal Officer

MICHAEL MCKENNA

Phone

4018475521

Tax Period

2024-01-01 to 2024-12-31

NEWPORT RI POLICE FUND ASSN, founded in 1983, is a micro nonprofit that reported $58K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $24K, a strong 41% operating margin.

Mission

TO PROVIDE ASSISTANCE TO ALL ACTIVE AND RETIRED MEMBERS OF THE NEWPORT POLICE FORCE AND THEIR WIDOWS AND MINOR CHILDREN. IN THE FORM OF WIDOWS BENEFITS, DEATH BENEFITS AND SCHOLARSHIPS TO THE CHILDREN OF DECEASED MEMBERS OF THE NEWPORT POLICE DEPARTMENT.

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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 $0

Program Service Revenue $0

Investment Income $58,454

Other Revenue $0

TOTAL REVENUE $58,454

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $34,778

TOTAL EXPENSES $34,778

Year-over-Year Comparison

	2024	2023	Change
Revenue	$58,454	$41,130	+0.4%
Expenses	$34,778	$40,070	-0.1%
Net Income	$23,676	$1,060	+21.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN CARLONE	PRESIDENT	N/A	Officer	$0	$0	$0
ALBERT A CONTI	VICE PRESIDE	N/A	Officer	$0	$0	$0
PAUL W HALL	SECRECTARY	N/A	Officer	$0	$0	$0
MICHAEL MCKENNA	TREASURER	N/A	Officer	$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
2025	No data	No data	No data	No data
2024	$58,454	$34,778	$1,209,372	$23,676
2023	$41,130	$40,070	$1,162,831	$1,060
2022	$50,850	$37,945	$1,086,692	$12,905
2021	$86,868	$28,674	$1,278,399	$58,194
2020	$31,415	$29,908	$1,195,721	$1,507
2019	$28,459	$25,601	$1,110,051	$2,858
2018	$61,374	$46,051	$986,707	$15,323

NEWPORT RI POLICE FUND ASSN