SILVER SHIELD ASSOCIATION INC

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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

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $81,882

MEMBER EVENTS & SPECIAL AWARDS: THESE EVENTS ARE ORGANIZED BY THE ASSOCIATION TO RECOGNIZE MEMBERS AS WELL AS TO ENHANCE MEMBER BONDS.

Program 2

Expenses: $94,530

MEMBER BENEFITS: THIS PROGRAM WAS ESTABLISHED TO EXCLUSIVELY ASSIST THE MEMBERS AND THEIR FAMILIES IN SUPPLEMENTING GROWING UNREIMBURSED HEALTH AND DENTAL/VISION EXPENSES INCURRED; IN ADDITION, TO...

MEMBER BENEFITS: THIS PROGRAM WAS ESTABLISHED TO EXCLUSIVELY ASSIST THE MEMBERS AND THEIR FAMILIES IN SUPPLEMENTING GROWING UNREIMBURSED HEALTH AND DENTAL/VISION EXPENSES INCURRED; IN ADDITION, TO PROVIDE LIFE INSURANCE BENEFITS AS WELL AS ASSIST WITH LABOR RELATED AND LEGAL SERVICES.

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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 (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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

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

$49,013

Total Directors

Key Employees

Highest Compensated

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