SUPERIOR OFFICERS ASSOCIATION OF THE POLICE DEPT COUNTY OF NASSAU NY INC (EIN 112405414) - 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

1942

Legal Domicile

Principal Officer

RICKY FRASSETTI

Phone

5166818624

Tax Period

2022-07-01 to 2023-06-30

SUPERIOR OFFICERS ASSOCIATION OF THE POLICE DEPT COUNTY OF NASSAU NY INC, founded in 1942, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2022. The organization ran a surplus of $220K, a strong 22% operating margin.

Mission

LABOR & FRATERNAL ORGANIZATION

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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 $1,001,999

Program Service Revenue $0

Investment Income $15,712

Other Revenue $0

TOTAL REVENUE $1,017,711

Expense Breakdown

Grants Paid $0

Salaries & Benefits $115,798

Fundraising Expenses $0

Other Expenses $651,265

TOTAL EXPENSES $798,138

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,017,711	$1,057,230	0.0%
Expenses	$798,138	$733,068	+0.1%
Net Income	$219,573	$324,162	-0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICKY FRASSETTI	PRESIDENT	40.00	Officer	$0	$0	$0
EDWARD J PERKINS	1ST VICE PRES	40.00	Officer	$0	$0	$0
KEITH JAKLITSCH	2ND VICE PRESIDENT	40.00	Officer	$0	$0	$0
THOMAS IERVESE	TREASURER	40.00	Officer	$0	$0	$0
GREGORY S MORLEY	RECORDING SECRETARY	40.00	Officer	$0	$0	$0

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	No data	No data	No data	No data
2023	$1,017,711	$798,138	$1,627,362	$219,573
2022	$1,057,230	$733,068	$1,289,898	$324,162
2021	$966,619	$696,761	$974,492	$269,858
2020	$919,222	$663,423	$711,116	$255,799
2019	$654,240	$619,068	$436,977	$35,172
2018	$630,558	$624,635	$423,980	$5,923

SUPERIOR OFFICERS ASSOCIATION OF THE POLICE DEPT COUNTY OF NASSAU NY INC