CONNECTICUT STATE POLICE UNION 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

Formation Year

2001

Legal Domicile

Principal Officer

MICHAEL MORICOLI

Phone

8605680500

Tax Period

2022-07-01 to 2023-06-30

CONNECTICUT STATE POLICE UNION INC, founded in 2001, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2022. Expenses of $1.1M left a modest 8% surplus.

Mission

TO UPHOLD THE HONOR OF THE STATE POLICE PROFESSION AND VIGILANTLY PROTECT, PROMOTE, ADVANCE, IMPROVE WORKING CONDITIONS, LEGAL RIGHTS, COMPENSATION, AND BENEFITS OF OUR TROOPERS

Program Service Accomplishments

Program 1

Expenses: $413,020

PROVIDING LABOR AGENTS, UNION STEWARDS AND AN ATTORNEY TO NEGOTIATE AND MEDIATE GRIEVANCES AND OTHER LABOR ISSUES ON BEHALF OF MEMBERS.

Program 2

Expenses: $101,202

PROVIDING LEGISLATIVE ACTION TO MONITOR AND INFLUENCE LEGISLATION WHICH IMPACTS THE WORKING CONDITIONS, QUALITY OF LIFE AND RIGHTS OF MEMBERS.

Program 3

Expenses: $69,779

PROVIDE LEGAL AND ARBITRATION SERVICES FOR THE MEMBERSHIP.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,157,769

Program Service Revenue $0

Investment Income $5,738

Other Revenue $0

TOTAL REVENUE $1,163,507

Expense Breakdown

Grants Paid $0

Salaries & Benefits $464,968

Fundraising Expenses $96,014

Program Expenses $707,609

Other Expenses $512,275

TOTAL EXPENSES $1,071,401

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,163,507	$1,149,511	+0.0%
Expenses	$1,071,401	$1,174,391	-0.1%
Net Income	$92,106	$-24,880	-4.7%

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

$22,313

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONATHAN NAPLES	DIVISION AREA REP	10.00	Director	$0	$0	$0
NICHOLAS CRUGNALE	EASTERN DISTRICT REP	10.00	Director	$0	$0	$0
DARREN CONNOLLY	CENTRAL DISTRICT REP	10.00	Director	$0	$0	$0
JONATHAN KAUFMAN	WESTERN DISTRICT REP	10.00	Director	$0	$0	$0
CHRISTOPHER PORRINI	UNION STEWARD	5.00	Director	$0	$0	$0
WILLIAM VERAS	UNION STEWARD	5.00	Director	$0	$0	$0
WILLIAM SHEMANSKY	UNION STEWARD	5.00	Director	$0	$0	$0
JOSEPH MARSH	UNION STEWARD	5.00	Director	$0	$0	$0
THOMAS FORBES	UNION STEWARD	5.00	Director	$0	$0	$0
APRIL MORAN	UNION STEWARD	5.00	Director	$0	$0	$0
BRIAN PAGONI	UNION STEWARD	5.00	Director	$0	$0	$0
JOHN SUCH	UNION STEWARD	5.00	Director	$0	$0	$0
RYAN PICCIRILLO	UNION STEWARD	5.00	Director	$0	$0	$0
BRETT COOK	UNION STEWARD	5.00	Director	$0	$0	$0
MATTHEW MCKEON	UNION STEWARD	5.00	Director	$0	$0	$0
JOHN BLALOCK	UNION STEWARD	5.00	Director	$0	$0	$0
KYLE FAUCHER	UNION STEWARD	5.00	Director	$0	$0	$0
PIETER GROOT	UNION STEWARD	5.00	Director	$0	$0	$0
JOSHUA MCELROY	UNION STEWARD	5.00	Director	$0	$0	$0
GERRY DANSO	UNION STEWARD	5.00	Director	$0	$0	$0
ANTHONY CRISTY	SERGEANT STEWARD	5.00	Director	$0	$0	$0
ROBERT ZDROJESKI	SERGEANT STEWARD	5.00	Director	$0	$0	$0
SEAN MAHAR	SERGEANT STEWARD	5.00	Director	$0	$0	$0
DANIEL PACILEO	SERGEANT STEWARD	5.00	Director	$0	$0	$0
MATHIEU ASSELIN	MASTER SERGEANT STEWARD	5.00	Director	$0	$0	$0
BEN PAGONI	CHIEF STEWARD	5.00	Director	$0	$0	$0
TODD FEDIGAN	PRESIDENT	30.00	Officer	$19,813	$0	$19,813
DEAN ARESCO	V.P. EAST	10.00	Officer	$0	$0	$0
CARL SCHLICKER	V.P. WEST	10.00	Officer	$0	$0	$0
MIKE MORICOLI	TREASURER	10.00	Officer	$2,500	$0	$2,500
MATTHEW GEDDES	SECRETARY	10.00	Officer	$0	$0	$0
ANDREW MATTHEWS	EXECUTIVE DIRECTOR	30.00	Highest	$147,859	$0	$147,859

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	No data	No data	No data	No data
2023	$1,163,507	$1,071,401	$1,100,967	$92,106
2022	$1,149,511	$1,174,391	$1,006,133	$-24,880
2021	$997,386	$838,459	$1,091,065	$158,927
2020	$860,385	$894,616	$918,191	$-34,231
2019	$710,343	$829,731	$867,159	$-119,388
2018	$845,139	$865,656	$986,558	$-20,517