SILVER SHIELD ASSOCIATION INC

EIN: 061009211

GREENWICH, CT

Total Revenue
$404,384
Total Expenses
$300,184
Total Assets
$1,036,899
Net Assets
$1,036,899
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Legal Domicile
CT
Principal Officer
PETER SCHMITT
Phone
2038692380
Tax Period
2023-07-01 to 2024-06-30

SILVER SHIELD ASSOCIATION INC is a small nonprofit that reported $404K in total revenue in fiscal year 2023. The organization ran a surplus of $104K, a strong 26% operating margin.

Mission

THE ORGANIZATION PRIMARY PURPOSE IS TO PROVIDE ASSISTANCE TO ITS MEMBERS IN TIME OF NEED, TO CREATE CLOSE BONDS AMONG ITS MEMBERS AND PROVIDE PROFESSIONAL POLICE SERVICES TO THE ENTIRE COMMUNITY. IN ADDITION, THE ORGANIZATION STRIVES FOR HIGHER STANDARDS OF WORK PERFORMANCE, ENHANCES THE PROFESSIONAL ABILITIES OF THE MEMBERS AND IMPROVES WORKING CONDITIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $383,239
Program Service Revenue $0
Investment Income $21,145
Other Revenue $0
TOTAL REVENUE $404,384

Expense Breakdown

Grants Paid $0
Salaries & Benefits $61,558
Fundraising Expenses $9,248
Program Expenses $186,407
Other Expenses $144,096
TOTAL EXPENSES $300,184

Year-over-Year Comparison

2023 2022 Change
Revenue $404,384 $377,482 +0.1%
Expenses $300,184 $293,802 +0.0%
Net Income $104,200 $83,680 +0.2%
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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Governance

Voting Members
13
Independent Members
N/A
Employees
5
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
9
$49,013
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER SCHMITT PRESIDENT 6.00
Officer
$9,248 $0 $9,248
JOHN BROWNE FORMER PRESI 6.00
Officer
$9,248 $0 $9,248
JOSEPH RONDINI VICE PRESIDE 6.00
Officer
$6,935 $0 $6,935
CARL JOHNSON FORMER VP 6.00
Officer
$6,935 $0 $6,935
MARC JASON LEVY TREASURER 6.00
Officer
$11,097 $0 $11,097
THOMAS HUESTIS FINANCIAL SE 3.00
Officer
$1,850 $0 $1,850
CRAIG ZOTTOLA FORMER FIN S 3.00
Officer
$1,850 $0 $1,850
RICHARD SHAW RECORDING SE 2.00
Officer
$925 $0 $925
SEBASTIAN ARENAS FORMER REC S 2.00
Officer
$925 $0 $925
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 $404,384 $300,184 $1,036,899 $104,200
2023 $377,482 $293,802 $932,699 $83,680
2022 $365,230 $269,995 $849,019 $95,235
2021 $397,249 $250,842 $753,784 $146,407
2020 $490,902 $316,995 $607,377 $173,907
2019 $372,480 $301,588 $433,470 $70,892
2018 $387,609 $316,905 $362,578 $70,704
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