POLICE SICK BENEFIT ASSOCIATION OF BRIDGEPORT CONNECTICUT (EIN 060687755) - 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

1991

Legal Domicile

Principal Officer

PAUL J WARGO

Phone

2034141490

Tax Period

2024-01-01 to 2024-12-31

POLICE SICK BENEFIT ASSOCIATION OF BRIDGEPORT CONNECTICUT, founded in 1991, is a small nonprofit that reported $128K in total revenue in fiscal year 2024. Revenue surged 82% from the prior year, signaling strong growth momentum. The organization ran a surplus of $40K, a strong 31% operating margin.

Mission

TO SECURE TO ITS MEMBERS PECUNIARY AID IN SICKNESS 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $128,117

Other Revenue $0

TOTAL REVENUE $128,117

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,500

Fundraising Expenses $0

Program Expenses $46,875

Other Expenses $12,978

TOTAL EXPENSES $88,353

Year-over-Year Comparison

	2024	2023	Change
Revenue	$128,117	$70,480	+0.8%
Expenses	$88,353	$115,817	-0.2%
Net Income	$39,764	$-45,337	-1.9%

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

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

N/A

Independent Members

N/A

Employees

N/A

Volunteers

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

$27,500

Total Directors

$1,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK PISANELLI	PRESIDENT	1.00	Officer	$2,000	$0	$2,000
ROBERT ROBINSON	SECRETARY	2.00	Officer	$12,000	$0	$12,000
PETER KEOGH	BOARD OF GOVERNORS	1.00	Director	$1,000	$0	$1,000
JAMES POND	VICE PRESIDENT	1.00	Officer	$1,500	$0	$1,500
PAUL J WARGO	TREASURER	2.00	Officer	$12,000	$0	$12,000

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	$128,117	$88,353	$865,249	$39,764
2023	$70,480	$115,817	$853,515	$-45,337
2022	$31,131	$89,060	$906,788	$-57,929
2021	$65,211	$67,501	$1,098,988	$-2,290
2020	$6,154	$70,700	$1,013,112	$-64,546
2019	$68,467	$55,907	$1,036,672	$12,560
2018	$97,005	$76,911	$926,535	$20,094

POLICE SICK BENEFIT ASSOCIATION OF BRIDGEPORT CONNECTICUT