MILFORD POLICE BENEVOLENT ASSOCIAT… - Form 990 Financial Data

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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

1945

Legal Domicile

Tax Period

2025-01-01 to 2025-12-31

MILFORD POLICE BENEVOLENT ASSOCIATION INC, founded in 1945, is a small nonprofit in the Employment sector that reported $347K in total revenue in fiscal year 2025. Revenue surged 188% from the prior year, signaling strong growth momentum. The organization ran a surplus of $217K, a strong 62% operating margin.

Mission

PRIMARY EXEMPT PURPOSE - TO PROMOTE AND PROTECT THE WELFARE OF ALL MEMBERS OF THE MILFORD CONNECTICUT POLICE DEPARTMENT AND THEIR FAMILIES, AS WELL AS ALL RETIRED MEMBERS AND THEIR FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $24,306

HONORING RETIRING MEMBERS OF POLICE DEPARTMENT, SOCIAL ACTIVITIES OR CURRENT MEMBERS AND CHRISTMAS GIFTS TO MEMBERS

Program 2

Expenses: $17,657

DONATIONS TO NUMEROUS LOCAL CHARITABLE ORGANIZATIONS

Program 3

Expenses: $16,966

PROVIDING SICK BENEFITS TO MEMBERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $107,158

Program Service Revenue $45,105

Investment Income $35,344

Other Revenue $159,864

TOTAL REVENUE $347,471

Expense Breakdown

Grants Paid $17,656

Salaries & Benefits $8,250

Fundraising Expenses $24,583

Program Expenses $58,929

Other Expenses $38,638

TOTAL EXPENSES $130,400

Year-over-Year Comparison

	2025	2024	Change
Revenue	$347,471	$120,656	+1.9%
Expenses	$130,400	$92,102	+0.4%
Net Income	$217,071	$28,554	+6.6%

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

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

$3,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD PISANI	PRESIDENT	3.00	Officer	$500	$0	$500
CHRISTOPHER PARK	VICE PRESIDENT	1.00	Officer	$500	$0	$500
ANTONIO VITTI	2ND VICE PRESIDENT	1.00	Officer	$500	$0	$500
JAYVON NESMITH	SECRETARY	2.00	Officer	$500	$0	$500
MARILISA ANANIA	TREASURER	2.00	Officer	$500	$0	$500
DOUGLAS YOUD	FINANCE BOARD	1.00	Officer	$500	$0	$500
KATHLEEN BEHM	FINANCE BOARD	1.00	Officer	$500	$0	$500

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	$347,471	$130,400	$471,984	$217,071

MILFORD POLICE BENEVOLENT ASSOCIATION INC