LEGAL SERVICES FUND OF THE POLICE BENEVOLENT ASSOCIATION (EIN 132972437) - 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

1977

Legal Domicile

Principal Officer

DAVID NICHOLSON

Phone

2123497560

Tax Period

2024-07-01 to 2025-06-30

LEGAL SERVICES FUND OF THE POLICE BENEVOLENT ASSOCIATION, founded in 1977, is a community nonprofit that reported $7.1M in total revenue in fiscal year 2024. Expenses of $6.0M left a modest 15% surplus.

Mission

LEGAL BENEFITS TO PARTICIPANTS WHICH INCLUDE JOB RELATED AND CIVIL LEGAL REPRESENTATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,112,628

Investment Income $0

Other Revenue $0

TOTAL REVENUE $7,112,628

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $6,048,689

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,112,628	$6,810,225	+0.0%
Expenses	$6,048,689	$6,288,009	0.0%
Net Income	$1,063,939	$522,216	+1.0%

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

$497,834

Total Directors

$570,526

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK G HENDRY	TRUSTEE	3.50	Director	$0	$0	$136,017
DANIEL J TIRELLI	TRUSTEE	2.70	Director	$0	$0	$117,757
ALBERT ACIERNO	TRUSTEE	2.70	Director	$0	$0	$105,584
ARTHUR EGNER	TRUSTEE	2.70	Director	$0	$0	$105,584
BETTY CARRADERO TORRES	TRUSTEE	2.70	Director	$0	$0	$105,584
DAVID NICHOLSON	FUNDS ADMINISTRATOR	0.20	Officer	$0	$69,160	$497,834

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	$7,112,628	$6,048,689	$2,207,446	$1,063,939
2024	$6,810,225	$6,288,009	$659,716	$522,216
2023	$6,500,000	$6,500,000	$162,500	No data
2022	$6,500,000	$6,500,000	$162,500	No data
2021	$6,500,000	$6,500,000	$294,094	No data
2020	$6,166,667	$6,166,667	$289,304	No data
2019	$5,500,000	$5,500,000	$284,185	No data
2018	$5,500,000	$5,500,000	$280,731	No data

LEGAL SERVICES FUND OF THE POLICE BENEVOLENT ASSOCIATION